67,500 Shares in Terreno Realty Corporation $TRNO Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Terreno Realty Corporation (NYSE:TRNO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 67,500 shares of the real estate investment trust’s stock, valued at approximately $3,963,000.

Several other large investors have also made changes to their positions in TRNO. EverSource Wealth Advisors LLC lifted its position in shares of Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 189 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Terreno Realty during the 3rd quarter worth about $25,000. First Horizon Corp acquired a new position in shares of Terreno Realty during the 3rd quarter worth about $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares during the last quarter.

Terreno Realty Trading Down 0.8%

Shares of TRNO opened at $65.73 on Friday. Terreno Realty Corporation has a 12-month low of $53.00 and a 12-month high of $67.55. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 16.07 and a beta of 1.06. The stock’s 50-day moving average price is $64.00 and its 200 day moving average price is $62.58.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.36. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The firm had revenue of $124.44 million for the quarter, compared to analyst estimates of $122.60 million. As a group, research analysts predict that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on TRNO. Royal Bank Of Canada set a $72.00 price objective on Terreno Realty in a research report on Monday, February 9th. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Robert W. Baird set a $69.00 price target on Terreno Realty in a research note on Friday, May 8th. Cantor Fitzgerald boosted their price target on Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, iA Financial set a $75.00 price target on Terreno Realty in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.