Delphi Management Inc. MA Makes New $1.24 Million Investment in Terreno Realty Corporation $TRNO

Delphi Management Inc. MA bought a new stake in shares of Terreno Realty Corporation (NYSE:TRNO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,084 shares of the real estate investment trust’s stock, valued at approximately $1,238,000.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp lifted its position in Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after purchasing an additional 230,444 shares during the period. Invesco Ltd. lifted its position in Terreno Realty by 7.8% during the 2nd quarter. Invesco Ltd. now owns 2,080,116 shares of the real estate investment trust’s stock valued at $116,632,000 after purchasing an additional 150,020 shares during the period. Dimensional Fund Advisors LP lifted its position in Terreno Realty by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,516,331 shares of the real estate investment trust’s stock valued at $86,051,000 after purchasing an additional 19,222 shares during the period. Tandem Investment Advisors Inc. lifted its position in Terreno Realty by 0.7% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 1,418,870 shares of the real estate investment trust’s stock valued at $80,521,000 after purchasing an additional 10,024 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Terreno Realty by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,252,479 shares of the real estate investment trust’s stock valued at $71,078,000 after purchasing an additional 159,104 shares during the period.

Terreno Realty Stock Performance

Shares of NYSE:TRNO opened at $62.62 on Tuesday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 16.06 and a beta of 1.12. The firm’s 50 day simple moving average is $63.48 and its 200 day simple moving average is $61.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $66.74.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.68. The business had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. As a group, sell-side analysts forecast that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRNO shares. Cantor Fitzgerald upped their target price on shares of Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Scotiabank upped their target price on shares of Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 22nd. Royal Bank Of Canada set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 9th. Finally, KeyCorp upped their target price on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.36.

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.