Terreno Realty Corporation $TRNO Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,464 shares of the real estate investment trust’s stock after purchasing an additional 14,131 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.10% of Terreno Realty worth $6,099,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $25,000 after acquiring an additional 189 shares during the period. Mather Group LLC. purchased a new stake in Terreno Realty in the 3rd quarter valued at $25,000. First Horizon Corp acquired a new stake in Terreno Realty during the 3rd quarter worth $26,000. Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 350 shares during the period. Finally, Osaic Holdings Inc. grew its position in Terreno Realty by 140.6% during the 2nd quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 357 shares during the last quarter.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $62.57 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.52 billion, a P/E ratio of 16.04, a PEG ratio of 2.49 and a beta of 1.12. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $69.20. The company has a 50-day moving average price of $62.84 and a 200 day moving average price of $60.64.

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

Terreno Realty Announces Dividend

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 paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s dividend payout ratio is currently 53.33%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRNO. Citigroup lifted their price objective on shares of Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Weiss Ratings raised Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. Robert W. Baird set a $67.00 price target on Terreno Realty in a research report on Wednesday, February 11th. Wells Fargo & Company increased their price objective on Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Piper Sandler lifted their target price on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.