Boston Trust Walden Corp Makes New Investment in Terreno Realty Corporation $TRNO

Boston Trust Walden Corp bought a new stake in Terreno Realty Corporation (NYSE:TRNO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 475,019 shares of the real estate investment trust’s stock, valued at approximately $26,957,000. Boston Trust Walden Corp owned about 0.46% of Terreno Realty at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. 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 acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Terreno Realty by 15.4% during 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. Fifth Third Bancorp raised its stake in Terreno Realty by 3.2% in the 2nd quarter. Fifth Third Bancorp now owns 6,423 shares of the real estate investment trust’s stock valued at $360,000 after acquiring an additional 202 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Terreno Realty by 3.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 208 shares during the period. Finally, Profund Advisors LLC raised its holdings in Terreno Realty by 4.6% in the 2nd quarter. Profund Advisors LLC now owns 4,735 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 209 shares during the period.

Insider Activity

In other news, EVP John Tull Meyer sold 4,758 shares of Terreno Realty stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the sale, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. This trade represents a 3.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on TRNO. UBS Group set a $56.00 target price on shares of Terreno Realty in a report on Thursday, December 4th. Scotiabank raised Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price target on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Terreno Realty in a report on Monday, December 22nd. The Goldman Sachs Group raised their price target on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Finally, Cantor Fitzgerald started coverage on Terreno Realty in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and an average target price of $65.54.

Terreno Realty Stock Performance

NYSE:TRNO opened at $59.82 on Tuesday. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $69.20. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The business’s fifty day moving average is $60.80 and its 200 day moving average is $58.42.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. The business had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. Research analysts predict that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio is currently 66.03%.

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.