Terreno Realty Corporation $TRNO Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,375 shares of the real estate investment trust’s stock after buying an additional 6,994 shares during the period. JPMorgan Chase & Co.’s holdings in Terreno Realty were worth $61,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Terreno Realty by 90.2% during the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares during the last quarter. CWM LLC lifted its stake in Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 245 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Terreno Realty in the 2nd quarter worth about $152,000. Finally, Mechanics Bank Trust Department purchased a new stake in Terreno Realty during the 2nd quarter worth approximately $208,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler upgraded Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a research report on Monday, November 10th. Scotiabank upgraded Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price objective on the stock in a report on Monday, November 10th. KeyCorp dropped their target price on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, August 21st. Wells Fargo & Company raised their price target on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Citigroup boosted their price target on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.25.

Terreno Realty Trading Down 0.0%

Shares of TRNO stock opened at $62.79 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20. The company’s 50-day moving average price is $59.55 and its 200-day moving average price is $57.87. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.51 and a beta of 1.07.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. The company had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. As a group, equities analysts predict that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be issued a $0.52 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. Terreno Realty’s dividend payout ratio is currently 66.03%.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the completion of the sale, the executive vice president owned 119,949 shares of the company’s stock, valued at $7,190,942.55. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.