Tudor Investment Corp ET AL Has $2.21 Million Position in Terreno Realty Corporation $TRNO

Tudor Investment Corp ET AL cut its holdings in Terreno Realty Corporation (NYSE:TRNO) by 44.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,967 shares of the real estate investment trust’s stock after selling 31,334 shares during the period. Tudor Investment Corp ET AL’s holdings in Terreno Realty were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in Terreno Realty during the third quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 189 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Terreno Realty during the 3rd quarter worth approximately $25,000. First Horizon Corp bought a new position in shares of Terreno Realty during the 3rd quarter worth approximately $26,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares during the period.

Terreno Realty Trading Down 1.8%

NYSE TRNO opened at $60.68 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $63.52 and a 200 day simple moving average of $61.13. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $66.74. The firm has a market capitalization of $6.45 billion, a P/E ratio of 15.56 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The firm had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. On average, analysts predict that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, March 27th. This represents a $2.08 annualized dividend and a yield of 3.4%. Terreno Realty’s payout ratio is 53.33%.

Analyst Ratings Changes

TRNO has been the subject of several research analyst reports. iA Financial set a $75.00 price objective on shares of Terreno Realty in a research note on Friday, February 6th. Citigroup increased their target price on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Barclays restated a “positive” rating and issued a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. UBS Group set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 9th. Finally, Cantor Fitzgerald increased their price objective on shares of Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

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.