Dockside LLC Makes New $3.21 Million Investment in Terreno Realty Corporation $TRNO

Dockside LLC bought a new position in shares of Terreno Realty Corporation (NYSE:TRNO) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 54,636 shares of the real estate investment trust’s stock, valued at approximately $3,208,000. Dockside LLC owned approximately 0.05% of Terreno Realty as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted 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 purchasing an additional 172 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Terreno Realty by 49.4% during the 4th quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 177 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 189 shares in the last quarter. First Horizon Corp boosted its position in shares of Terreno Realty by 41.5% during the 4th quarter. First Horizon Corp now owns 651 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 191 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Terreno Realty by 15.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 193 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRNO shares. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Robert W. Baird set a $69.00 price objective on shares of Terreno Realty in a research report on Friday, May 8th. Wells Fargo & Company decreased their price objective on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Finally, Scotiabank boosted their price objective on shares of Terreno Realty from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.64.

Terreno Realty Price Performance

Terreno Realty stock opened at $67.21 on Friday. Terreno Realty Corporation has a 52 week low of $53.00 and a 52 week high of $67.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $65.44 and its 200 day simple moving average is $63.40. The firm has a market capitalization of $7.14 billion, a PE ratio of 16.43 and a beta of 1.05.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data 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. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $122.60 million. On average, equities research analysts predict that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, June 26th will be given a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. Terreno Realty’s payout ratio is currently 50.86%.

About Terreno Realty

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.