Y Intercept Hong Kong Ltd Takes $462,000 Position in Terreno Realty Corporation $TRNO

Y Intercept Hong Kong Ltd purchased a new position in shares of Terreno Realty Corporation (NYSE:TRNO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,135 shares of the real estate investment trust’s stock, valued at approximately $462,000.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Terreno Realty during the 2nd quarter worth $156,525,000. Osterweis Capital Management Inc. bought a new position in shares of Terreno Realty in the 2nd quarter worth $33,699,000. Boston Trust Walden Corp acquired a new stake in shares of Terreno Realty during the third quarter worth $26,957,000. Schroder Investment Management Group increased its holdings in Terreno Realty by 55.7% in the second quarter. Schroder Investment Management Group now owns 1,131,989 shares of the real estate investment trust’s stock valued at $63,471,000 after purchasing an additional 405,015 shares during the last quarter. Finally, Hudson Bay Capital Management LP increased its holdings in Terreno Realty by 359.3% in the second quarter. Hudson Bay Capital Management LP now owns 390,919 shares of the real estate investment trust’s stock valued at $21,919,000 after purchasing an additional 305,806 shares during the last quarter.

Insider Buying and Selling

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the sale, the executive vice president owned 119,949 shares in the company, valued at approximately $7,190,942.55. The trade was a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TRNO shares. Mizuho boosted their target price on Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a research report on Thursday, December 4th. Cantor Fitzgerald set a $67.00 price objective on shares of Terreno Realty in a report on Monday, January 5th. Robert W. Baird set a $64.00 target price on shares of Terreno Realty and gave the company an “outperform” rating in a research note on Thursday, January 8th. Citigroup increased their target price on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Finally, Barclays reissued a “positive” rating and issued a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.00.

Terreno Realty Stock Up 3.0%

Shares of TRNO stock opened at $64.41 on Thursday. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $69.20. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $61.04 and a 200-day moving average of $59.08. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.52 and a beta of 1.13.

Terreno Realty (NYSE:TRNO) last released its quarterly 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 $0.87 by $0.66. The firm had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. As a group, equities research analysts predict that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty 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.