Resolution Capital Ltd Has $99.74 Million Holdings in Terreno Realty Corporation $TRNO

Resolution Capital Ltd grew its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,623,857 shares of the real estate investment trust’s stock after purchasing an additional 101,709 shares during the quarter. Terreno Realty comprises approximately 2.1% of Resolution Capital Ltd’s investment portfolio, making the stock its 14th largest position. Resolution Capital Ltd’s holdings in Terreno Realty were worth $99,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wiser Advisor Group LLC bought a new stake in shares of Terreno Realty in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC increased 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 buying an additional 189 shares during the period. Geneos Wealth Management Inc. raised its stake in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 350 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Terreno Realty by 52.8% during 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 buying an additional 172 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Terreno Realty in the fourth quarter valued at $30,000.

Terreno Realty Stock Up 0.0%

Terreno Realty stock opened at $73.01 on Wednesday. The company has a market capitalization of $7.76 billion, a PE ratio of 17.85 and a beta of 1.05. Terreno Realty Corporation has a 12-month low of $53.00 and a 12-month high of $78.94. The firm’s fifty day moving average is $67.66 and its 200 day moving average is $65.19. 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 (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. The business had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. As a group, sell-side analysts predict that Terreno Realty Corporation will post 2.81 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 26th. Terreno Realty’s dividend payout ratio is 50.86%.

Wall Street Analyst Weigh In

A number of analysts have commented on TRNO shares. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Raymond James Financial started coverage on Terreno Realty in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. Barclays boosted their price objective on Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Piper Sandler upped their target price on Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. One 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 given a Sell rating to the company. Based on data from MarketBeat, Terreno Realty has an average rating of “Moderate Buy” and an average target price of $71.71.

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.