Copeland Capital Management LLC Sells 17,642 Shares of Terreno Realty Corporation $TRNO

Copeland Capital Management LLC decreased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 969,753 shares of the real estate investment trust’s stock after selling 17,642 shares during the period. Terreno Realty comprises 1.3% of Copeland Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Copeland Capital Management LLC’s holdings in Terreno Realty were worth $59,562,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRNO. Assetmark Inc. grew its position in Terreno Realty by 14.3% in the first quarter. Assetmark Inc. now owns 11,043 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 1,384 shares during the period. Bessemer Group Inc. increased its position in shares of Terreno Realty by 4.2% during the 1st quarter. Bessemer Group Inc. now owns 680,641 shares of the real estate investment trust’s stock worth $41,805,000 after purchasing an additional 27,624 shares in the last quarter. D.A. Davidson & CO. grew its stake in Terreno Realty by 13.8% during the first quarter. D.A. Davidson & CO. now owns 4,550 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 551 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Terreno Realty by 246.6% during the first quarter. Principal Financial Group Inc. now owns 4,188,453 shares of the real estate investment trust’s stock worth $257,257,000 after buying an additional 2,979,982 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its stake in shares of Terreno Realty by 51.9% in the first quarter. Diversify Wealth Management LLC now owns 20,673 shares of the real estate investment trust’s stock valued at $1,339,000 after acquiring an additional 7,060 shares during the last quarter.

Analyst Upgrades and Downgrades

TRNO has been the topic of several research analyst reports. Scotiabank decreased their target price on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Wells Fargo & Company lowered their price objective on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. UBS Group set a $68.00 price objective on Terreno Realty in a research report on Thursday, June 18th. Finally, KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.86.

Terreno Realty Stock Down 0.1%

Shares of Terreno Realty stock opened at $74.99 on Friday. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $78.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $7.97 billion, a P/E ratio of 18.34 and a beta of 1.05. The business has a 50-day moving average of $66.60 and a two-hundred day moving average of $64.45.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.36. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The business had revenue of $124.44 million during the quarter, compared to analyst estimates of $122.60 million. As a group, equities analysts predict that Terreno Realty Corporation will post 2.81 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is presently 50.86%.

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.