UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Terreno Realty Corporation $TRNO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Terreno Realty Corporation (NYSE:TRNO) by 19,261.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 646,088 shares of the real estate investment trust’s stock after purchasing an additional 642,751 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Terreno Realty were worth $41,847,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares during the period. Wiser Advisor Group LLC acquired a new stake in Terreno Realty in the 3rd quarter valued at $25,000. Clearstead Trust LLC purchased a new position in Terreno Realty in the second quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Terreno Realty by 52.8% during the third 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. Finally, Geneos Wealth Management Inc. boosted its position 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 buying an additional 350 shares during the period.

Analyst Ratings Changes

Several brokerages recently commented on TRNO. Piper Sandler raised their target price on Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Raymond James Financial assumed coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They set an “underperform” rating on the stock. Mizuho upped their target price on shares of Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, August 19th. Scotiabank lifted their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Robert W. Baird set a $69.00 target price on Terreno Realty in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.29.

Insider Activity at Terreno Realty

In other Terreno Realty news, EVP John Meyer sold 4,447 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total transaction of $305,242.08. Following the sale, the executive vice president owned 131,825 shares in the company, valued at $9,048,468. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Michael Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the sale, the president owned 425,381 shares of the company’s stock, valued at $29,087,552.78. This trade represents a 1.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Terreno Realty Stock Down 0.4%

Shares of NYSE:TRNO opened at $65.49 on Friday. The firm has a market cap of $7.14 billion, a PE ratio of 17.56 and a beta of 1.02. The company has a fifty day simple moving average of $69.31 and a 200 day simple moving average of $66.34. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.22. Terreno Realty Corporation has a 12-month low of $55.92 and a 12-month high of $78.94.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The firm had revenue of $124.71 million for the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. On average, equities research analysts anticipate that Terreno Realty Corporation will post 2.83 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 3.5%. Terreno Realty’s dividend payout ratio is 55.76%.

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.