State of Alaska Department of Revenue Sells 9,510 Shares of Terreno Realty Corporation $TRNO

State of Alaska Department of Revenue trimmed its position in Terreno Realty Corporation (NYSE:TRNO) by 8.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 101,568 shares of the real estate investment trust’s stock after selling 9,510 shares during the period. State of Alaska Department of Revenue’s holdings in Terreno Realty were worth $5,762,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in shares of Terreno Realty during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position in Terreno Realty by 73.3% during the 2nd 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. Geneos Wealth Management Inc. boosted its stake in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Osaic Holdings Inc. boosted its stake in 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 acquiring an additional 357 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Terreno Realty in the third quarter worth about $49,000.

Terreno Realty Price Performance

NYSE TRNO opened at $59.49 on Friday. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $69.20. The stock has a 50-day moving average of $60.64 and a 200 day moving average of $58.47. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.40 and a beta of 1.13.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. The firm had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. On average, sell-side analysts forecast that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 15th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target 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. Citigroup boosted their target price on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Robert W. Baird set a $64.00 price target on Terreno Realty and gave the company an “outperform” rating in a report on Thursday. Cantor Fitzgerald set a $67.00 price target on Terreno Realty in a research report on Monday, January 5th. Finally, Barclays increased their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and a consensus price target of $65.21.

Insider Activity at Terreno Realty

In related news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the completion of the sale, the executive vice president owned 119,949 shares in the company, valued at approximately $7,190,942.55. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

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.