Hsbc Holdings PLC Has $19.84 Million Holdings in Terreno Realty Corporation $TRNO

Hsbc Holdings PLC boosted its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 20.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 322,955 shares of the real estate investment trust’s stock after purchasing an additional 55,568 shares during the period. Hsbc Holdings PLC’s holdings in Terreno Realty were worth $19,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in shares of 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 worth $25,000 after purchasing an additional 189 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Terreno Realty during the 3rd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Terreno Realty by 304.3% in the 1st 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 acquired a new position in shares of Terreno Realty in the 4th quarter valued at approximately $30,000.

Terreno Realty Stock Up 0.9%

TRNO stock opened at $74.79 on Wednesday. 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 $7.95 billion, a P/E ratio of 18.29 and a beta of 1.05. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $78.94. The business has a 50-day moving average of $66.94 and a 200-day moving average of $64.70.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. The business 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%. On average, sell-side analysts anticipate that Terreno Realty Corporation will post 2.81 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a $0.52 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 2.8%. Terreno Realty’s dividend payout ratio is currently 50.86%.

Analyst Ratings Changes

A number of research firms recently issued reports on TRNO. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. Piper Sandler upped their price target on shares of Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays increased their price objective on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Finally, Raymond James Financial began coverage on shares of Terreno Realty in a report on Wednesday, June 17th. They set an “underperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.71.

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.