Bessemer Group Inc. Purchases 88,322 Shares of Terreno Realty Corporation $TRNO

Bessemer Group Inc. increased its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 653,017 shares of the real estate investment trust’s stock after purchasing an additional 88,322 shares during the period. Bessemer Group Inc. owned about 0.63% of Terreno Realty worth $38,338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TRNO. UBS Group AG increased its position in shares of Terreno Realty by 108.1% during the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock valued at $34,044,000 after purchasing an additional 311,559 shares during the period. Adelante Capital Management LLC bought a new stake in shares of Terreno Realty during the third quarter valued at approximately $16,070,000. State Street Corp increased its position in shares of Terreno Realty by 4.0% during the second quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after purchasing an additional 230,444 shares during the period. SG Americas Securities LLC increased its position in shares of Terreno Realty by 273.8% during the fourth quarter. SG Americas Securities LLC now owns 300,848 shares of the real estate investment trust’s stock valued at $17,663,000 after purchasing an additional 220,365 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Terreno Realty by 31.3% during the second quarter. Bank of America Corp DE now owns 812,348 shares of the real estate investment trust’s stock valued at $45,548,000 after purchasing an additional 193,555 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRNO. Piper Sandler boosted 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. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. iA Financial set a $75.00 price objective on Terreno Realty in a research report on Friday, February 6th. KeyCorp raised their target price on Terreno Realty from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada set a $72.00 target price on Terreno Realty in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Terreno Realty currently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Terreno Realty Price Performance

Terreno Realty stock opened at $65.01 on Friday. 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 capitalization of $6.91 billion, a PE ratio of 15.90 and a beta of 1.06. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $67.55. The business has a 50 day simple moving average of $64.00 and a 200 day simple moving average of $62.60.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.30 by $0.36. The business had revenue of $124.44 million during 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%. On average, sell-side analysts forecast that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is currently 50.86%.

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.