Terreno Realty Corporation $TRNO Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC lifted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 29.5% during the 3rd quarter, Holdings Channel reports. The fund owned 149,308 shares of the real estate investment trust’s stock after acquiring an additional 34,054 shares during the quarter. ProShare Advisors LLC’s holdings in Terreno Realty were worth $9,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearstead Trust LLC bought a new stake in shares of Terreno Realty during the second quarter worth $28,000. EverSource Wealth Advisors LLC boosted its stake in Terreno Realty by 57.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Terreno Realty during the second quarter worth $30,000. Quantbot Technologies LP acquired a new position in Terreno Realty in the second quarter valued at about $53,000. Finally, GK Wealth Management LLC acquired a new position in shares of Terreno Realty in the 3rd quarter valued at approximately $62,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRNO shares. Scotiabank lifted their price target on Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Barclays increased their price target on Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Wells Fargo & Company raised their target price on shares of Terreno Realty from $64.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. KeyCorp upped their price objective on Terreno Realty from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Piper Sandler cut their target price on shares of Terreno Realty from $91.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.50.

Terreno Realty Stock Performance

TRNO opened at $66.72 on Wednesday. The business’s fifty day moving average is $65.54 and its 200-day moving average is $65.81. The firm has a market cap of $7.27 billion, a P/E ratio of 23.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. Terreno Realty Corporation has a 52-week low of $57.35 and a 52-week high of $78.94.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.41 by $0.13. The business had revenue of $124.71 million during 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 expect that Terreno Realty Corporation will post 2.84 EPS for the current fiscal year.

Insider Activity at Terreno Realty

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

Terreno Realty Profile

Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.

Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.

The company focuses on major U.S.