Tidal Investments LLC Increases Stake in Terreno Realty Corporation $TRNO

Tidal Investments LLC increased its stake in Terreno Realty Corporation (NYSE:TRNO) by 28.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,058 shares of the real estate investment trust’s stock after purchasing an additional 37,616 shares during the period. Tidal Investments LLC’s holdings in Terreno Realty were worth $11,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TRNO. Jones Financial Companies Lllp lifted its stake in shares of Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 378 shares during the period. Geneos Wealth Management Inc. increased its position in shares of 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 acquiring an additional 350 shares during the period. EverSource Wealth Advisors LLC raised its stake 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 worth $25,000 after acquiring an additional 189 shares during the last quarter. First Trust Advisors LP raised its stake in Terreno Realty by 78.9% in the 2nd quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock worth $2,942,000 after acquiring an additional 23,135 shares during the last quarter. Finally, Amundi lifted its position in Terreno Realty by 18.6% during the 2nd quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock worth $3,799,000 after acquiring an additional 10,525 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TRNO shares. Piper Sandler boosted their price target on Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald lifted their target price on Terreno Realty from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. UBS Group set a $68.00 target price on Terreno Realty in a research report on Thursday, June 18th. Barclays increased their price target on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, Raymond James Financial started coverage on shares of Terreno Realty in a research report on Wednesday, June 17th. They set an “underperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty has a consensus rating of “Moderate Buy” and an average price target of $73.29.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, EVP John Meyer sold 4,447 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total value of $305,242.08. Following the completion of the transaction, the executive vice president owned 131,825 shares in the company, valued at approximately $9,048,468. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael A. Coke sold 8,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the sale, the president directly owned 425,381 shares in the company, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by company insiders.

Terreno Realty Trading Up 0.4%

Terreno Realty stock opened at $65.26 on Friday. 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. The stock’s 50 day simple moving average is $69.23 and its two-hundred day simple moving average is $66.32. The firm has a market cap of $7.11 billion, a PE ratio of 17.50 and a beta of 1.02.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. The firm had revenue of $124.71 million during the quarter, compared to analyst estimates of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. Analysts anticipate that Terreno Realty Corporation will post 2.83 earnings per share for the current year.

Terreno Realty Increases Dividend

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

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust that acquires, owns, and operates industrial properties in major coastal U.S. markets. The company focuses primarily on functional, well-located properties that support distribution, transportation, and other industrial activities.

Terreno’s portfolio includes warehouses, distribution facilities, transshipment buildings, and industrial properties that may offer outdoor storage or other specialized features. Its strategy emphasizes infill locations with access to population centers, transportation infrastructure, ports, airports, and other important logistics networks.

The company serves six key coastal markets: Los Angeles, Northern New Jersey and New York City, the San Francisco Bay Area, Seattle, Miami, and Washington, DC Terreno Realty was founded in 2009 and became a publicly traded company in 2010.