NFJ Investment Group LLC Sells 11,057 Shares of Terreno Realty Corporation $TRNO

NFJ Investment Group LLC reduced its position in Terreno Realty Corporation (NYSE:TRNO) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,264 shares of the real estate investment trust’s stock after selling 11,057 shares during the quarter. NFJ Investment Group LLC owned approximately 0.08% of Terreno Realty worth $4,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 378 shares in the last quarter. Geneos Wealth Management Inc. raised 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. EverSource Wealth Advisors LLC increased its stake in shares of Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 189 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Terreno Realty by 78.9% in the second quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock valued at $2,942,000 after buying an additional 23,135 shares in the last quarter. Finally, Amundi increased its stake in shares of Terreno Realty by 18.6% in the second quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock valued at $3,799,000 after buying an additional 10,525 shares in the last quarter.

Terreno Realty Price Performance

Shares of TRNO opened at $67.21 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $67.83. The stock has a market cap of $7.14 billion, a P/E ratio of 16.43 and a beta of 1.05. The stock’s 50-day moving average price is $65.44 and its two-hundred day moving average price is $63.40.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $122.60 million. On average, equities analysts predict that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of research reports. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Scotiabank raised their target price on Terreno Realty from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Robert W. Baird set a $69.00 target price on Terreno Realty in a research note on Friday, May 8th. Finally, Wells Fargo & Company lowered their target price on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Terreno Realty presently has an average rating of “Moderate Buy” and an average price target of $69.64.

Terreno Realty 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.