Terreno Realty Corporation $TRNO Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in Terreno Realty Corporation (NYSE:TRNO) by 20.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,687 shares of the real estate investment trust’s stock after selling 13,849 shares during the quarter. Pacer Advisors Inc.’s holdings in Terreno Realty were worth $3,047,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRNO. Ieq Capital LLC acquired a new stake in shares of Terreno Realty during the first quarter worth $218,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Terreno Realty in the 1st quarter worth $227,000. Evergreen Capital Management LLC boosted its holdings in shares of Terreno Realty by 38.7% in the first quarter. Evergreen Capital Management LLC now owns 6,821 shares of the real estate investment trust’s stock valued at $431,000 after acquiring an additional 1,902 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Terreno Realty by 1.0% in the first quarter. Royal Bank of Canada now owns 375,524 shares of the real estate investment trust’s stock valued at $23,740,000 after acquiring an additional 3,862 shares in the last quarter. Finally, Amundi increased its stake in shares of Terreno Realty by 9.3% during the first quarter. Amundi now owns 56,495 shares of the real estate investment trust’s stock worth $3,272,000 after acquiring an additional 4,785 shares during the period.

Insider Transactions at Terreno Realty

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were 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 of the company’s stock, valued at $7,190,942.55. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Terreno Realty Stock Performance

NYSE TRNO opened at $59.73 on Wednesday. The business has a 50 day moving average price of $60.76 and a 200 day moving average price of $58.42. The company has a market capitalization of $6.18 billion, a P/E ratio of 18.96, a PEG ratio of 2.38 and a beta of 1.12. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32.

Terreno Realty (NYSE:TRNO) last posted 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. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%.The company had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. Sell-side analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio (DPR) is 66.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TRNO shares. Mizuho raised their price objective on shares of Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research report on Thursday, December 4th. Piper Sandler raised Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price target for the company in a report on Monday, November 10th. The Goldman Sachs Group lifted their price target on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. UBS Group set a $56.00 price objective on Terreno Realty in a research report on Thursday, December 4th. Finally, Barclays raised their target price on Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, September 15th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Terreno Realty has an average rating of “Hold” and a consensus target price of $65.54.

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.