Mayport LLC Has $1.24 Million Stake in Terreno Realty Corporation $TRNO

Mayport LLC decreased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 32.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,145 shares of the real estate investment trust’s stock after selling 9,249 shares during the quarter. Mayport LLC’s holdings in Terreno Realty were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nykredit A S acquired a new stake in shares of Terreno Realty during the 2nd quarter worth about $231,000. Susquehanna Fundamental Investments LLC acquired a new stake in Terreno Realty during the second quarter worth approximately $285,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Terreno Realty by 19,261.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 646,088 shares of the real estate investment trust’s stock worth $41,847,000 after acquiring an additional 642,751 shares during the period. Van ECK Associates Corp grew its position in shares of Terreno Realty by 2.9% in the second quarter. Van ECK Associates Corp now owns 29,771 shares of the real estate investment trust’s stock valued at $1,928,000 after purchasing an additional 853 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Terreno Realty by 11.0% during the second quarter. Hsbc Holdings PLC now owns 358,353 shares of the real estate investment trust’s stock worth $23,320,000 after purchasing an additional 35,398 shares during the period.

Analysts Set New Price Targets

A number of research analysts have commented on TRNO shares. UBS Group set a $68.00 price objective on Terreno Realty in a report on Thursday, June 18th. Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a research report on Friday, May 8th. The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Scotiabank boosted their price objective on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, KeyCorp increased their target price on shares of Terreno Realty from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.29.

Terreno Realty Stock Down 1.1%

TRNO stock opened at $65.73 on Thursday. Terreno Realty Corporation has a 52 week low of $55.71 and a 52 week high of $78.94. The business has a 50-day simple moving average of $69.31 and a 200 day simple moving average of $66.34. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.16 billion, a PE ratio of 17.62 and a beta of 1.02.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. The firm had revenue of $124.71 million for the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. Sell-side analysts anticipate that Terreno Realty Corporation will post 2.83 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Wednesday, September 30th. Terreno Realty’s payout ratio is 55.76%.

Insider Activity at Terreno Realty

In other news, EVP John Tull Meyer sold 4,447 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total transaction of $305,242.08. Following the completion of the transaction, the executive vice president owned 131,825 shares of the company’s stock, valued at approximately $9,048,468. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael A. Coke sold 8,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the sale, the president owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. This represents a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by insiders.

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.