Dockside LLC Buys Shares of 54,636 Terreno Realty Corporation $TRNO

Dockside LLC bought a new stake in Terreno Realty Corporation (NYSE:TRNO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 54,636 shares of the real estate investment trust’s stock, valued at approximately $3,208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 189 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Terreno Realty in the 3rd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $28,000 after purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 valued at $29,000 after purchasing an additional 350 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Terreno Realty in the 4th quarter valued at about $30,000.

Terreno Realty Trading Up 0.8%

NYSE TRNO opened at $67.21 on Friday. Terreno Realty Corporation has a 12 month low of $53.00 and a 12 month high of $67.83. The company has a 50-day moving average of $65.44 and a 200-day moving average of $63.40. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $7.14 billion, a P/E ratio of 16.43 and a beta of 1.05.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The company had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.52 per share. 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 3.1%. Terreno Realty’s dividend payout ratio is currently 50.86%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank upped their target price on shares of Terreno Realty from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wells Fargo & Company reduced their target price on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Robert W. Baird set a $69.00 price objective on shares of Terreno Realty in a research note on Friday, May 8th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.64.

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.