Terreno Realty Corporation $TRNO Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 11.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,369 shares of the real estate investment trust’s stock after selling 10,536 shares during the period. Peregrine Capital Management LLC’s holdings in Terreno Realty were worth $4,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castellan Group raised its holdings in shares of Terreno Realty by 10.2% in the 1st quarter. Castellan Group now owns 72,689 shares of the real estate investment trust’s stock valued at $4,465,000 after purchasing an additional 6,718 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Terreno Realty by 11.7% in the first quarter. Pictet Asset Management Holding SA now owns 16,218 shares of the real estate investment trust’s stock valued at $996,000 after buying an additional 1,696 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Terreno Realty in the first quarter valued at $2,838,000. Vanderbilt University raised its stake in Terreno Realty by 163.5% in the first quarter. Vanderbilt University now owns 15,455 shares of the real estate investment trust’s stock valued at $949,000 after buying an additional 9,590 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Terreno Realty by 18.9% in the first quarter. SG Americas Securities LLC now owns 357,735 shares of the real estate investment trust’s stock valued at $21,972,000 after buying an additional 56,887 shares in the last quarter.

Terreno Realty Stock Up 1.9%

TRNO opened at $66.01 on Thursday. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $67.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $7.02 billion, a P/E ratio of 16.14 and a beta of 1.05. The business’s 50-day simple moving average is $65.60 and its 200-day simple moving average is $63.68.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. Analysts anticipate that Terreno Realty Corporation will post 2.8 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Terreno Realty’s payout ratio is currently 50.86%.

Analyst Ratings Changes

TRNO has been the subject of several analyst reports. Scotiabank lowered their price objective on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. Wells Fargo & Company cut their target price on 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. UBS Group set a $68.00 target price on Terreno Realty in a research note on Thursday, June 18th. KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a report on Tuesday, June 23rd. Finally, Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.21.

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.