Sei Investments Co. Raises Stock Position in Terreno Realty Corporation $TRNO

Sei Investments Co. raised its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,521 shares of the real estate investment trust’s stock after acquiring an additional 38,218 shares during the quarter. Sei Investments Co.’s holdings in Terreno Realty were worth $16,923,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Delphi Management Inc. MA bought a new stake in Terreno Realty during the 4th quarter valued at approximately $1,238,000. Sage Rhino Capital LLC boosted its stake in Terreno Realty by 36.6% in the 4th quarter. Sage Rhino Capital LLC now owns 40,190 shares of the real estate investment trust’s stock worth $2,360,000 after purchasing an additional 10,777 shares during the period. Principal Financial Group Inc. boosted its stake in Terreno Realty by 7.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock worth $70,950,000 after purchasing an additional 81,444 shares during the period. Phocas Financial Corp. grew its holdings in Terreno Realty by 53.8% during the 4th quarter. Phocas Financial Corp. now owns 180,452 shares of the real estate investment trust’s stock valued at $10,594,000 after buying an additional 63,122 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Terreno Realty by 2.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 403,367 shares of the real estate investment trust’s stock valued at $23,807,000 after buying an additional 10,936 shares during the last quarter.

Terreno Realty Trading Down 2.0%

Shares of TRNO opened at $71.53 on Thursday. The company’s fifty day simple moving average is $67.77 and its 200-day simple moving average is $65.27. The company has a market cap of $7.60 billion, a P/E ratio of 17.49 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $78.94.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping 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 net margin of 86.44% and a return on equity of 10.35%. As a group, analysts expect that Terreno Realty Corporation will post 2.81 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, June 26th. Terreno Realty’s payout ratio is 50.86%.

Wall Street Analyst Weigh In

TRNO has been the topic of several research analyst reports. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Barclays lifted their price target on shares of Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Wells Fargo & Company dropped their price objective on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. UBS Group set a $68.00 price objective on Terreno Realty in a research report on Thursday, June 18th. Finally, Piper Sandler lifted their target price on Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.71.

Terreno Realty 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.