Terreno Realty Corporation $TRNO Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,369 shares of the real estate investment trust’s stock after selling 10,536 shares during the period. Peregrine Capital Management LLC owned approximately 0.08% of Terreno Realty worth $4,936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TRNO. Caitong International Asset Management Co. Ltd boosted its position in shares of Terreno Realty by 52.8% during 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 purchasing an additional 172 shares during the period. UMB Bank n.a. increased its holdings in Terreno Realty by 49.4% in the 4th quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 189 shares during the period. First Horizon Corp raised its position in Terreno Realty by 41.5% in the fourth quarter. First Horizon Corp now owns 651 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 191 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Terreno Realty by 15.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 193 shares in the last quarter.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $66.01 on Thursday. The firm has a 50 day moving average of $65.60 and a two-hundred day moving average of $63.68. The stock has a market capitalization of $7.02 billion, a PE ratio of 16.14 and a beta of 1.05. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. Terreno Realty Corporation has a 52 week low of $53.00 and a 52 week high of $67.83.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. On average, research analysts predict that Terreno Realty Corporation will post 2.8 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.2%. Terreno Realty’s dividend payout ratio is 50.86%.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRNO. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. Scotiabank lowered their target price on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. Wells Fargo & Company dropped their target price 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. Finally, Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.21.

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.