Terreno Realty Corporation $TRNO Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 267,387 shares of the real estate investment trust’s stock after purchasing an additional 27,740 shares during the period. Hsbc Holdings PLC’s holdings in Terreno Realty were worth $15,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRNO. EverSource Wealth Advisors LLC grew its position in shares of Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 189 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in Terreno Realty in the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 valued at $28,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 acquiring an additional 350 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Terreno Realty during the fourth quarter worth about $30,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price 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. KeyCorp restated an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Scotiabank reduced their price objective on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Finally, Robert W. Baird set a $69.00 price objective on Terreno Realty in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.21.

Terreno Realty Stock Performance

NYSE TRNO opened at $68.81 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. Terreno Realty Corporation has a 52-week low of $53.00 and a 52-week high of $69.47. The business’s 50-day moving average price is $65.75 and its 200 day moving average price is $63.88. The firm has a market cap of $7.31 billion, a P/E ratio of 16.82 and a beta of 1.05.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data 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. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The firm had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. On average, equities research analysts expect that Terreno Realty Corporation will post 2.8 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, June 26th. Terreno Realty’s dividend payout ratio is 50.86%.

About Terreno Realty

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.