Terreno Realty Corporation $TRNO Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in Terreno Realty Corporation (NYSE:TRNO) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,712 shares of the real estate investment trust’s stock after purchasing an additional 24,169 shares during the quarter. Edgestream Partners L.P.’s holdings in Terreno Realty were worth $8,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Delphi Management Inc. MA acquired a new position in Terreno Realty during the 4th quarter worth about $1,238,000. Sage Rhino Capital LLC grew its position in Terreno Realty by 36.6% in the 4th quarter. Sage Rhino Capital LLC now owns 40,190 shares of the real estate investment trust’s stock valued at $2,360,000 after acquiring an additional 10,777 shares in the last quarter. Principal Financial Group Inc. increased its stake in Terreno Realty by 7.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock worth $70,950,000 after purchasing an additional 81,444 shares during the period. Phocas Financial Corp. increased its stake in Terreno Realty by 53.8% during the fourth quarter. Phocas Financial Corp. now owns 180,452 shares of the real estate investment trust’s stock worth $10,594,000 after purchasing an additional 63,122 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Terreno Realty by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 403,367 shares of the real estate investment trust’s stock worth $23,807,000 after purchasing an additional 10,936 shares in the last quarter.

Analyst Ratings Changes

TRNO has been the subject of a number of research reports. KeyCorp restated an “overweight” rating on shares of Terreno Realty in a report on Tuesday, June 23rd. Piper Sandler increased their target price on shares of Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Scotiabank dropped their price target on shares of Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. The Goldman Sachs Group upped their price objective on Terreno Realty from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company reduced their price objective on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

Terreno Realty Price Performance

Shares of TRNO opened at $71.53 on Thursday. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 17.49 and a beta of 1.05. The firm’s fifty day simple moving average is $67.77 and its 200-day simple moving average is $65.27. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $78.94. 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 (NYSE:TRNO) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. The firm had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. Equities analysts forecast that Terreno Realty Corporation will post 2.81 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $0.52 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.9%. Terreno Realty’s dividend payout ratio is presently 50.86%.

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.