Terreno Realty Corporation $TRNO Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,039,021 shares of the real estate investment trust’s stock after selling 54,728 shares during the period. Copeland Capital Management LLC owned approximately 1.01% of Terreno Realty worth $58,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Terreno Realty by 73.3% in 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. Geneos Wealth Management Inc. raised its position in shares of 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 purchasing an additional 350 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of 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 purchasing an additional 357 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares in the last quarter. Finally, CWM LLC grew its position in Terreno Realty by 26.5% during the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 245 shares during the last quarter.

Insider Buying and Selling

In other news, EVP John Tull Meyer sold 4,758 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $59.95, for a total transaction of $285,242.10. Following the sale, the executive vice president owned 119,949 shares of the company’s stock, valued at $7,190,942.55. This trade represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup upped their price target on shares of Terreno Realty from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Terreno Realty in a research report on Monday, December 22nd. Wells Fargo & Company raised their target price on Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Barclays boosted their price target on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, September 15th. Finally, Scotiabank raised Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price objective on the stock in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.54.

Terreno Realty Trading Down 0.8%

NYSE TRNO opened at $59.82 on Tuesday. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $69.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $6.18 billion, a PE ratio of 18.99, a P/E/G ratio of 2.39 and a beta of 1.12. The company has a fifty day moving average of $60.80 and a 200 day moving average of $58.42.

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

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. Terreno Realty’s payout ratio is presently 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.