MQS Management LLC Acquires New Stake in Terreno Realty Corporation $TRNO

MQS Management LLC acquired a new stake in shares of Terreno Realty Corporation (NYSE:TRNO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 9,550 shares of the real estate investment trust’s stock, valued at approximately $561,000.

Other large investors have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Terreno Realty during the third quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 350 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Terreno Realty by 52.8% in 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 buying an additional 172 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Terreno Realty by 140.6% in the 2nd quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 357 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. iA Financial set a $75.00 price target on Terreno Realty in a research note on Friday, February 6th. Citizens Jmp raised their price target on Terreno Realty from $66.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Friday, February 6th. Scotiabank raised their price target on Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday. Piper Sandler raised their price target on Terreno Realty from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Robert W. Baird set a $69.00 price target on Terreno Realty in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.57.

Terreno Realty Stock Performance

Terreno Realty stock opened at $66.03 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. Terreno Realty Corporation has a 12 month low of $53.00 and a 12 month high of $67.55. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 16.14 and a beta of 1.06. The stock’s 50-day moving average is $64.29 and its 200-day moving average is $62.83.

Terreno Realty (NYSE:TRNO) last posted 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. 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 anticipate that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s dividend payout ratio is 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.