Intech Investment Management LLC Sells 49,271 Shares of Terreno Realty Corporation $TRNO

Intech Investment Management LLC decreased its holdings in Terreno Realty Corporation (NYSE:TRNO) by 50.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,899 shares of the real estate investment trust’s stock after selling 49,271 shares during the period. Intech Investment Management LLC’s holdings in Terreno Realty were worth $2,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TRNO. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 189 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Terreno Realty in the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 350 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 357 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. iA Financial set a $75.00 price objective on Terreno Realty in a report on Friday, February 6th. Scotiabank lifted their price objective on Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Royal Bank Of Canada set a $72.00 price objective on Terreno Realty in a report on Monday, February 9th. Wells Fargo & Company cut their price objective on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday. Finally, UBS Group set a $72.00 price objective on Terreno Realty in a report on Monday, February 9th. One research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.64.

Terreno Realty Price Performance

NYSE TRNO opened at $63.68 on Wednesday. The company has a market capitalization of $6.77 billion, a PE ratio of 15.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average is $64.69 and its 200 day moving average is $63.12. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55.

Terreno Realty (NYSE:TRNO) last released 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. The company had revenue of $124.44 million for the quarter, compared to the consensus estimate of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. Sell-side analysts predict that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

The business 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. The ex-dividend date is Friday, June 26th. This represents a $2.08 annualized dividend and a yield of 3.3%. Terreno Realty’s 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.