Vise Technologies Inc. Invests $531,000 in Terreno Realty Corporation $TRNO

Vise Technologies Inc. bought a new stake in shares of Terreno Realty Corporation (NYSE:TRNO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,196 shares of the real estate investment trust’s stock, valued at approximately $531,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. NewEdge Wealth LLC bought a new stake in Terreno Realty during the second quarter worth approximately $272,000. Diversify Advisory Services LLC bought a new position in shares of Terreno Realty during the 2nd quarter valued at approximately $1,683,000. BlackRock Inc. purchased a new stake in Terreno Realty during the 2nd quarter valued at $1,213,726,000. Deutsche Bank AG bought a new stake in Terreno Realty in the second quarter worth $18,657,000. Finally, Phillips Wealth Planners LLC bought a new stake in Terreno Realty in the second quarter worth $319,000.

Analyst Upgrades and Downgrades

TRNO has been the topic of a number of analyst reports. UBS Group set a $68.00 price objective on shares of Terreno Realty in a research report on Thursday, June 18th. Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a report on Friday, May 8th. Wells Fargo & Company dropped their price target on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Piper Sandler upped their price target on shares of Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Mizuho raised their price objective on shares of Terreno Realty from $56.00 to $60.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.86.

Terreno Realty Trading Up 1.0%

NYSE TRNO opened at $68.88 on Tuesday. The stock has a market cap of $7.51 billion, a PE ratio of 18.47 and a beta of 1.03. Terreno Realty Corporation has a 12 month low of $55.71 and a 12 month high of $78.94. The company’s 50-day moving average price is $69.04 and its 200-day moving average price is $66.26. 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 (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The company 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%. Equities research analysts forecast that Terreno Realty Corporation will post 2.82 earnings per share for the current year.

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, September 30th. Terreno Realty’s dividend payout ratio is 55.76%.

Insider Activity at Terreno Realty

In other news, President Michael A. Coke sold 8,000 shares of Terreno Realty stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total transaction of $547,040.00. Following the completion of the sale, the president owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Tull Meyer sold 4,447 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 131,825 shares of the company’s stock, valued at $9,048,468. The trade was a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

Terreno Realty Company 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.