Sanctuary Advisors LLC Invests $875,000 in Terreno Realty Corporation $TRNO

Sanctuary Advisors LLC purchased a new position in Terreno Realty Corporation (NYSE:TRNO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,516 shares of the real estate investment trust’s stock, valued at approximately $875,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRNO. Principal Financial Group Inc. lifted its holdings in Terreno Realty by 7.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock valued at $70,950,000 after acquiring an additional 81,444 shares during the last quarter. Bank of America Corp DE grew its position in Terreno Realty by 21.8% in the 1st quarter. Bank of America Corp DE now owns 912,214 shares of the real estate investment trust’s stock valued at $56,028,000 after acquiring an additional 163,347 shares in the last quarter. Sei Investments Co. lifted its position in shares of Terreno Realty by 16.1% during the first quarter. Sei Investments Co. now owns 275,521 shares of the real estate investment trust’s stock worth $16,923,000 after purchasing an additional 38,218 shares in the last quarter. Strs Ohio boosted its stake in shares of Terreno Realty by 27.0% in the fourth quarter. Strs Ohio now owns 363,700 shares of the real estate investment trust’s stock valued at $21,353,000 after purchasing an additional 77,400 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Terreno Realty by 4.2% in the first quarter. Bessemer Group Inc. now owns 680,641 shares of the real estate investment trust’s stock valued at $41,805,000 after purchasing an additional 27,624 shares in the last quarter.

Terreno Realty Trading Down 0.8%

NYSE TRNO opened at $66.57 on Friday. Terreno Realty Corporation has a 52 week low of $55.71 and a 52 week high of $78.94. The firm has a 50 day moving average of $69.26 and a two-hundred day moving average of $66.32. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.25 billion, a PE ratio of 17.85 and a beta of 1.03.

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

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be paid a $0.57 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 30th. Terreno Realty’s payout ratio is 55.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a research note on Friday, May 8th. 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. UBS Group set a $68.00 price objective on Terreno Realty in a research note on Thursday, June 18th. Raymond James Financial started coverage on Terreno Realty in a report on Wednesday, June 17th. They issued an “underperform” rating for the company. Finally, Barclays boosted their target price on Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.86.

Insiders Place Their Bets

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

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.