Terreno Realty Corporation $TRNO Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 268,416 shares of the real estate investment trust’s stock after selling 8,098 shares during the period. Envestnet Asset Management Inc. owned approximately 0.26% of Terreno Realty worth $15,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRNO. EverSource Wealth Advisors LLC raised its holdings in shares of 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 worth $25,000 after purchasing an additional 189 shares in the last quarter. Mather Group LLC. bought a new stake in Terreno Realty during the third quarter worth approximately $25,000. First Horizon Corp acquired a new position in Terreno Realty in the third quarter worth approximately $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Terreno Realty by 304.3% in the first 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 in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Terreno Realty by 140.6% during the 2nd quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 357 shares during the last quarter.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of recent research reports. Citigroup lifted their target price on Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Cantor Fitzgerald lifted their price target on Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Piper Sandler upped their price objective on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Robert W. Baird set a $67.00 target price on shares of Terreno Realty in a report on Wednesday. Finally, iA Financial set a $75.00 price target on shares of Terreno Realty in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.36.

Terreno Realty Price Performance

Shares of TRNO opened at $66.06 on Monday. The business’s 50-day moving average is $61.45 and its 200-day moving average is $59.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 2.65 and a beta of 1.13. 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 released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.68. The firm had revenue of $137.48 million for the quarter, compared to analyst estimates of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. Equities research analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Terreno Realty Profile

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.