Castellan Group Invests $3.58 Million in Terreno Realty Corporation $TRNO

Castellan Group purchased a new stake in Terreno Realty Corporation (NYSE:TRNO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 63,043 shares of the real estate investment trust’s stock, valued at approximately $3,578,000. Terreno Realty comprises 0.5% of Castellan Group’s holdings, making the stock its 14th largest position. Castellan Group owned approximately 0.06% of Terreno Realty as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TRNO. Mather Group LLC. bought a new position in shares of Terreno Realty during the third quarter worth approximately $25,000. 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 in the last quarter. Geneos Wealth Management Inc. increased its position in Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 350 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of Terreno Realty by 140.6% during the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 357 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Terreno Realty in the third quarter valued at about $49,000.

Analyst Ratings Changes

A number of equities analysts recently commented on TRNO shares. UBS Group set a $56.00 price target on shares of Terreno Realty in a research report on Thursday, December 4th. Mizuho raised their target price on shares of Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a report on Thursday, December 4th. Citigroup lifted their price target on shares of Terreno Realty from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, November 13th. Barclays increased their price target on Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report 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 for the company in a report on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $65.31.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the company’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 value of $285,242.10. Following the completion of the transaction, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. This represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Terreno Realty Stock Performance

NYSE TRNO opened at $59.17 on Thursday. The firm’s fifty day moving average price is $60.58 and its two-hundred day moving average price is $58.46. The stock has a market cap of $6.12 billion, a PE ratio of 18.79, a PEG ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. The business had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. On average, equities analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, December 15th. This represents a $2.08 annualized dividend and a yield of 3.5%. Terreno Realty’s dividend payout ratio (DPR) 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.