Landscape Capital Management L.L.C. Takes $810,000 Position in Terreno Realty Corporation $TRNO

Landscape Capital Management L.L.C. acquired a new position in Terreno Realty Corporation (NYSE:TRNO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,513 shares of the real estate investment trust’s stock, valued at approximately $810,000.

Several other institutional investors have also recently made changes to their positions in TRNO. EverSource Wealth Advisors LLC boosted its holdings in Terreno Realty by 57.0% in the first quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Terreno Realty by 52.8% in 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 buying an additional 172 shares during the period. UMB Bank n.a. boosted its stake in shares of Terreno Realty by 49.4% in the fourth quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 177 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Terreno Realty by 15.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 193 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Terreno Realty by 2.8% in the third quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 193 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TRNO shares. UBS Group set a $68.00 price target on Terreno Realty in a research report on Thursday, June 18th. Piper Sandler upped their price objective on Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Scotiabank raised their price objective on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a report on Friday, May 8th. Finally, Cantor Fitzgerald lifted their target price on shares of Terreno Realty from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, August 17th. One equities research 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 stock. According to MarketBeat, Terreno Realty currently has a consensus rating of “Moderate Buy” and an average price target of $72.86.

Terreno Realty Price Performance

NYSE:TRNO opened at $68.21 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. Terreno Realty Corporation has a 52 week low of $55.70 and a 52 week high of $78.94. The stock’s 50-day moving average price is $69.00 and its 200-day moving average price is $66.22. The stock has a market capitalization of $7.43 billion, a PE ratio of 18.29 and a beta of 1.03.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%.The business had revenue of $124.71 million during the quarter, compared to the consensus estimate of $127.15 million. As a group, equities analysts expect that Terreno Realty Corporation will post 2.82 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $0.57 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Terreno Realty’s payout ratio is 55.76%.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 8,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the sale, the president directly owned 425,381 shares of the company’s stock, valued at $29,087,552.78. This trade represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Tull Meyer sold 4,447 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total transaction of $305,242.08. Following the sale, the executive vice president owned 131,825 shares of the company’s stock, valued at approximately $9,048,468. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Terreno Realty 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.