Terreno Realty Corporation $TRNO Holdings Decreased by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,371,867 shares of the real estate investment trust’s stock after selling 47,003 shares during the quarter. Terreno Realty accounts for approximately 3.0% of Tandem Investment Advisors Inc.’s holdings, making the stock its 19th biggest position. Tandem Investment Advisors Inc. owned approximately 1.32% of Terreno Realty worth $80,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in Terreno Realty during the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in Terreno Realty by 52.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in 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 purchasing an additional 350 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in Terreno Realty by 140.6% during the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 357 shares during the last quarter.

Analyst Ratings Changes

TRNO has been the subject of a number of research reports. Citizens Jmp lifted their price objective on Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, February 6th. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Robert W. Baird set a $69.00 price objective on Terreno Realty in a research report on Friday, May 8th. Scotiabank lifted their price objective on Terreno Realty from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Piper Sandler lifted their price objective on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.57.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $66.03 on Tuesday. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The business has a 50-day moving average of $64.37 and a two-hundred day moving average of $62.93. The stock has a market capitalization of $7.02 billion, a P/E ratio of 16.14 and a beta of 1.06. 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 (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The company had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. On average, equities research analysts predict that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

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