Centiva Capital LP Lowers Stock Holdings in Terreno Realty Corporation $TRNO

Centiva Capital LP lowered its stake in Terreno Realty Corporation (NYSE:TRNO) by 75.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,361 shares of the real estate investment trust’s stock after selling 19,144 shares during the period. Centiva Capital LP’s holdings in Terreno Realty were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 378 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Terreno Realty by 88.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,268 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 14,664 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Terreno Realty by 4.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,391 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 276 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Terreno Realty by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,631,838 shares of the real estate investment trust’s stock worth $147,584,000 after purchasing an additional 92,519 shares in the last quarter.

Terreno Realty Price Performance

NYSE TRNO opened at $63.00 on Tuesday. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $67.70. The stock has a 50-day moving average of $63.26 and a 200 day moving average of $60.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 2.48 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.68. The business had revenue of $137.48 million for the quarter, compared to analysts’ expectations of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. On average, sell-side analysts forecast that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 53.33%.

Analyst Ratings Changes

TRNO has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Wells Fargo & Company upped their target price on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Mizuho increased their price target on shares of Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a report on Thursday, December 4th. Barclays reissued a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a research report on Tuesday, January 13th. Finally, Weiss Ratings upgraded shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Terreno Realty currently has an average rating of “Moderate Buy” and a consensus price target of $69.36.

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.