Tandem Investment Advisors Inc. Sells 47,003 Shares of Terreno Realty Corporation $TRNO

Tandem Investment Advisors Inc. lowered its holdings in Terreno Realty Corporation (NYSE:TRNO) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,371,867 shares of the real estate investment trust’s stock after selling 47,003 shares during the period. Terreno Realty accounts for 3.0% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 19th largest position. Tandem Investment Advisors Inc.’s holdings in Terreno Realty were worth $80,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRNO. EverSource Wealth Advisors LLC grew its holdings in 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 acquired a new stake in Terreno Realty in the 3rd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 last quarter. Geneos Wealth Management Inc. grew its holdings in 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 buying an additional 350 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Terreno Realty by 140.6% in the 2nd quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 357 shares during the last quarter.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of research analyst reports. Piper Sandler raised their target price on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Citigroup raised their target price on Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Cantor Fitzgerald raised their target price on Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 6th. KeyCorp boosted their price target on Terreno Realty from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Finally, Citizens Jmp boosted their price target on Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.57.

Terreno Realty Trading Down 0.0%

Shares of TRNO opened at $66.03 on Tuesday. Terreno Realty Corporation has a 12-month low of $53.00 and a 12-month high of $67.55. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 16.14 and a beta of 1.06. The stock’s 50-day moving average price is $64.37 and its 200 day moving average price is $62.93.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (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 for the quarter, compared to analyst estimates of $122.60 million. As a group, research analysts predict that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, June 26th. Terreno Realty’s dividend payout ratio is currently 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.