Handelsbanken Fonder AB Has $2.65 Million Holdings in Terreno Realty Corporation $TRNO

Handelsbanken Fonder AB lifted its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 24.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 45,130 shares of the real estate investment trust’s stock after buying an additional 8,900 shares during the period. Handelsbanken Fonder AB’s holdings in Terreno Realty were worth $2,650,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Terreno Realty by 73.3% during the second 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. Wiser Advisor Group LLC acquired a new position in shares of Terreno Realty during the third quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Terreno Realty by 52.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 purchasing 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 second 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 in the last quarter.

Terreno Realty Trading Down 0.0%

Shares of NYSE TRNO opened at $66.03 on Monday. The company’s 50 day simple moving average is $64.29 and its 200 day simple moving average is $62.87. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The firm has a market capitalization of $7.02 billion, a P/E ratio of 16.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $122.60 million. On average, analysts predict that Terreno Realty Corporation will post 2.79 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 26th. Terreno Realty’s dividend payout ratio is currently 50.86%.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of research reports. Piper Sandler upped their target price on shares of Terreno Realty from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Royal Bank Of Canada set a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 9th. Citigroup increased their price objective on shares of Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Cantor Fitzgerald increased their price objective on shares of Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $69.00 price objective on shares of Terreno Realty in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

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.