Dimensional Fund Advisors LP Boosts Stock Position in Terreno Realty Corporation $TRNO

Dimensional Fund Advisors LP raised its holdings in Terreno Realty Corporation (NYSE:TRNO) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,584,304 shares of the real estate investment trust’s stock after purchasing an additional 36,955 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Terreno Realty were worth $97,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after purchasing an additional 230,444 shares during the period. Principal Financial Group Inc. grew its position in Terreno Realty by 246.6% during the first quarter. Principal Financial Group Inc. now owns 4,188,453 shares of the real estate investment trust’s stock valued at $257,257,000 after buying an additional 2,979,982 shares during the period. Norges Bank purchased a new stake in Terreno Realty during the fourth quarter worth about $168,221,000. Geode Capital Management LLC increased its holdings in Terreno Realty by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,718,337 shares of the real estate investment trust’s stock worth $159,620,000 after buying an additional 17,921 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Terreno Realty by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,078,910 shares of the real estate investment trust’s stock worth $122,053,000 after acquiring an additional 72,909 shares during the period.

Analyst Ratings Changes

TRNO has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating on the stock. Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a research note on Friday, May 8th. UBS Group set a $68.00 price target on shares of Terreno Realty in a report on Thursday, June 18th. Wells Fargo & Company dropped their price objective on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Finally, Piper Sandler increased their price objective on Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.71.

Terreno Realty Price Performance

TRNO opened at $71.53 on Thursday. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 17.49 and a beta of 1.05. 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 50-day moving average price of $67.77 and a 200-day moving average price of $65.27. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $78.94.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. The company had revenue of $124.44 million for 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%. Equities analysts expect that Terreno Realty Corporation will post 2.81 EPS for the current year.

Terreno Realty Announces Dividend

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

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.