MQS Management LLC Makes New Investment in Terreno Realty Corporation $TRNO

MQS Management LLC acquired a new position in Terreno Realty Corporation (NYSE:TRNO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,550 shares of the real estate investment trust’s stock, valued at approximately $561,000.

Several other large investors have also recently bought and sold shares of TRNO. UBS Group AG raised its position in Terreno Realty by 108.1% in the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock worth $34,044,000 after acquiring an additional 311,559 shares in the last quarter. Adelante Capital Management LLC purchased a new position in Terreno Realty in the third quarter worth $16,070,000. State Street Corp raised its position in Terreno Realty by 4.0% in the second quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after acquiring an additional 230,444 shares in the last quarter. SG Americas Securities LLC raised its position in Terreno Realty by 273.8% in the fourth quarter. SG Americas Securities LLC now owns 300,848 shares of the real estate investment trust’s stock worth $17,663,000 after acquiring an additional 220,365 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Terreno Realty by 31.3% in the second quarter. Bank of America Corp DE now owns 812,348 shares of the real estate investment trust’s stock worth $45,548,000 after acquiring an additional 193,555 shares in the last quarter.

Terreno Realty Stock Down 0.5%

Terreno Realty stock opened at $66.03 on Friday. 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 firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 16.14 and a beta of 1.06. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The stock’s fifty day moving average is $64.29 and its two-hundred day moving average is $62.83.

Terreno Realty (NYSE:TRNO) last posted 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 analyst estimates of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. Analysts predict that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 3.2%. Terreno Realty’s dividend payout ratio (DPR) is presently 50.86%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird set a $69.00 price objective on Terreno Realty in a research report on Friday, May 8th. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Piper Sandler upped their target price on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Scotiabank upped their target price on Terreno Realty from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Cantor Fitzgerald upped their target price on Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.57.

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.