Vise Technologies Inc. Purchases Shares of 8,196 Terreno Realty Corporation $TRNO

Vise Technologies Inc. purchased a new position in Terreno Realty Corporation (NYSE:TRNO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,196 shares of the real estate investment trust’s stock, valued at approximately $531,000.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of 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. Wiser Advisor Group LLC bought a new stake in Terreno Realty during the 3rd quarter worth approximately $25,000. Clearstead Trust LLC bought a new stake in Terreno Realty during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in 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 valued at $28,000 after purchasing an additional 172 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings 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 valued at $29,000 after purchasing an additional 350 shares in the last quarter.

Insider Transactions at Terreno Realty

In related news, President Michael A. Coke sold 8,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the completion of the transaction, the president directly owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. This represents a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Tull Meyer sold 4,447 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total value of $305,242.08. Following the transaction, the executive vice president owned 131,825 shares of the company’s stock, valued at $9,048,468. This represents a 3.26% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRNO shares. UBS Group set a $68.00 price objective on shares of Terreno Realty in a research note on Thursday, June 18th. Barclays lifted their target price on shares of Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Mizuho increased their price target on Terreno Realty from $56.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. The Goldman Sachs Group raised their price target on Terreno Realty from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $69.00 price objective on Terreno Realty in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.86.

Terreno Realty Price Performance

TRNO stock opened at $68.88 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The company’s fifty day moving average price is $69.04 and its 200-day moving average price is $66.26. Terreno Realty Corporation has a one year low of $55.71 and a one year high of $78.94. The company has a market capitalization of $7.51 billion, a PE ratio of 18.47 and a beta of 1.03.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. The company had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. On average, equities analysts anticipate that Terreno Realty Corporation will post 2.82 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a $0.57 dividend. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Terreno Realty’s dividend payout ratio (DPR) is presently 55.76%.

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.