Terreno Realty Corporation $TRNO Shares Sold by Aberdeen Group plc

Aberdeen Group plc decreased its position in Terreno Realty Corporation (NYSE:TRNO) by 52.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,446 shares of the real estate investment trust’s stock after selling 175,538 shares during the period. Aberdeen Group plc owned about 0.15% of Terreno Realty worth $8,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. raised its position in Terreno Realty by 4.8% during the third quarter. Congress Asset Management Co. now owns 545,558 shares of the real estate investment trust’s stock worth $30,960,000 after acquiring an additional 25,202 shares during the last quarter. Strs Ohio grew its holdings in Terreno Realty by 131.6% in the third quarter. Strs Ohio now owns 286,300 shares of the real estate investment trust’s stock valued at $16,248,000 after purchasing an additional 162,700 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Terreno Realty by 2.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 112,252 shares of the real estate investment trust’s stock valued at $6,294,000 after acquiring an additional 2,463 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Terreno Realty by 88.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,268 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 14,664 shares in the last quarter. Finally, Castellan Group acquired a new stake in Terreno Realty in the 3rd quarter valued at $3,578,000.

Terreno Realty Price Performance

NYSE TRNO opened at $65.01 on Friday. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $6.77 billion, a PE ratio of 16.67, a P/E/G ratio of 2.63 and a beta of 1.13. The stock has a 50-day simple moving average of $61.78 and a 200 day simple moving average of $59.76.

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

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s payout ratio is 53.33%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRNO. iA Financial set a $75.00 price target on shares of Terreno Realty in a report on Friday, February 6th. Barclays restated a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a research report on Tuesday, January 13th. Citigroup raised their target price on Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. UBS Group set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 9th. Finally, Wells Fargo & Company upped their price objective on shares of Terreno Realty from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

Terreno Realty Company 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.