Invesco Ltd. Increases Stock Holdings in Terreno Realty Corporation $TRNO

Invesco Ltd. boosted its stake in Terreno Realty Corporation (NYSE:TRNO) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,080,116 shares of the real estate investment trust’s stock after acquiring an additional 150,020 shares during the quarter. Invesco Ltd. owned 2.01% of Terreno Realty worth $116,632,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TRNO. Quantbot Technologies LP purchased a new position in Terreno Realty during the second quarter valued at $819,000. M&T Bank Corp lifted its stake in Terreno Realty by 2.4% in the 2nd quarter. M&T Bank Corp now owns 19,654 shares of the real estate investment trust’s stock valued at $1,102,000 after buying an additional 455 shares in the last quarter. Boston Family Office LLC acquired a new stake in Terreno Realty in the 2nd quarter worth about $248,000. Edgestream Partners L.P. boosted its holdings in Terreno Realty by 184.7% in the 2nd quarter. Edgestream Partners L.P. now owns 249,092 shares of the real estate investment trust’s stock worth $13,967,000 after buying an additional 161,598 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Terreno Realty by 2.5% during the 2nd quarter. New York State Common Retirement Fund now owns 74,700 shares of the real estate investment trust’s stock worth $4,188,000 after buying an additional 1,800 shares in the last quarter.

Wall Street Analyst Weigh In

TRNO has been the topic of several research reports. Cantor Fitzgerald began coverage on Terreno Realty in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Barclays lifted their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, September 15th. Piper Sandler raised shares of Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 target price for the company in a report on Monday, November 10th. Citigroup boosted their price target on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Finally, KeyCorp increased their price objective on shares of Terreno Realty from $64.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $65.54.

Insider Transactions at Terreno Realty

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of Terreno Realty stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the sale, the executive vice president owned 119,949 shares in the company, valued at $7,190,942.55. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Terreno Realty Trading Up 0.6%

Shares of TRNO stock opened at $61.26 on Wednesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20. The company’s 50-day moving average price is $60.18 and its 200-day moving average price is $58.12. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.50 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. The company had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. As a group, equities analysts predict that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio is presently 66.03%.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.