SG Americas Securities LLC Purchases 56,887 Shares of Terreno Realty Corporation $TRNO

SG Americas Securities LLC increased its position in Terreno Realty Corporation (NYSE:TRNO) by 18.9% in the 1st quarter, HoldingsChannel reports. The fund owned 357,735 shares of the real estate investment trust’s stock after purchasing an additional 56,887 shares during the period. SG Americas Securities LLC’s holdings in Terreno Realty were worth $21,972,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRNO. EverSource Wealth Advisors LLC lifted its holdings in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Terreno Realty in the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Terreno Realty in the fourth quarter valued at approximately $30,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TRNO shares. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Robert W. Baird set a $69.00 target price on Terreno Realty in a research report on Friday, May 8th. Wells Fargo & Company cut their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. UBS Group set a $68.00 price target on Terreno Realty in a research report on Thursday, June 18th. Finally, Raymond James Financial assumed coverage on Terreno Realty in a report on Wednesday, June 17th. They set an “underperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Moderate Buy” and an average price target of $69.21.

Terreno Realty Stock Performance

NYSE TRNO opened at $65.45 on Thursday. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $67.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $6.96 billion, a PE ratio of 16.00 and a beta of 1.05. The company’s 50 day simple moving average is $65.67 and its two-hundred day simple moving average is $63.55.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.30 by $0.36. The firm had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. Analysts predict that Terreno Realty Corporation will post 2.8 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.