GSI Capital Advisors LLC Buys Shares of 45,529 Terreno Realty Corporation $TRNO

GSI Capital Advisors LLC bought a new stake in shares of Terreno Realty Corporation (NYSE:TRNO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 45,529 shares of the real estate investment trust’s stock, valued at approximately $2,673,000. Terreno Realty accounts for approximately 1.5% of GSI Capital Advisors LLC’s portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in TRNO. EverSource Wealth Advisors LLC raised its position in shares of Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC bought a new position in shares of Terreno Realty in the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its position in shares of Terreno Realty by 52.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 172 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Terreno Realty by 304.3% in the 1st 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. Finally, Los Angeles Capital Management LLC bought a new position in shares of Terreno Realty in the 4th quarter worth $30,000.

Terreno Realty Stock Up 0.8%

Shares of TRNO stock opened at $66.75 on Friday. Terreno Realty Corporation has a 1-year low of $53.00 and a 1-year high of $67.83. The stock’s fifty day moving average price is $65.33 and its 200 day moving average price is $63.37. 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 cap of $7.10 billion, a price-to-earnings ratio of 16.32 and a beta of 1.05.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $124.44 million for the quarter, compared to the consensus estimate of $122.60 million. On average, research analysts expect that Terreno Realty Corporation will post 2.79 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, June 26th. Terreno Realty’s payout ratio is 50.86%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRNO. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wells Fargo & Company reduced their price target on 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. Scotiabank boosted their price target on Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Robert W. Baird set a $69.00 price target on Terreno Realty in a research report on Friday, May 8th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.64.

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.