Terreno Realty Corporation (TRNO) To Go Ex-Dividend on June 26th

Terreno Realty Corporation (NYSE:TRNO) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.52 per share by the real estate investment trust on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th.

Terreno Realty has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Terreno Realty has a payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Terreno Realty to earn $3.00 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 69.3%.

Terreno Realty Trading Up 1.3%

Terreno Realty stock opened at $65.63 on Wednesday. The firm has a market cap of $6.98 billion, a PE ratio of 16.05 and a beta of 1.05. Terreno Realty has a 12 month low of $53.00 and a 12 month high of $67.83. The stock’s 50 day simple moving average is $65.67 and its two-hundred day simple moving average is $63.53. 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 posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The firm had revenue of $124.44 million during the quarter, compared to analyst estimates of $122.60 million. Analysts anticipate that Terreno Realty will post 2.8 earnings per share for the current year.

Hedge Funds Weigh In On Terreno Realty

A number of large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in shares of Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 189 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in Terreno Realty in the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its holdings 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. Geneos Wealth Management Inc. increased its stake in Terreno Realty by 304.3% during 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 in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Terreno Realty during the 4th quarter worth approximately $30,000.

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.