First Trust Advisors LP Has $7.19 Million Stock Position in Terreno Realty Corporation $TRNO

First Trust Advisors LP boosted its stake in Terreno Realty Corporation (NYSE:TRNO) by 174.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,125 shares of the real estate investment trust’s stock after purchasing an additional 74,393 shares during the quarter. First Trust Advisors LP’s holdings in Terreno Realty were worth $7,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in Terreno Realty during the third quarter worth about $25,000. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 189 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 172 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Terreno Realty during the fourth quarter valued at approximately $30,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Barclays raised their price objective on Terreno Realty from $60.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Piper Sandler lifted their target price on Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.71.

Terreno Realty Stock Down 0.9%

Shares of NYSE:TRNO opened at $71.67 on Friday. Terreno Realty Corporation has a 52-week low of $53.00 and a 52-week high of $78.94. The company has a market capitalization of $7.62 billion, a PE ratio of 17.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The company has a fifty day moving average of $68.00 and a 200-day moving average of $65.40.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.36. The company had revenue of $124.44 million for the quarter, compared to the consensus estimate of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. On average, equities analysts predict that Terreno Realty Corporation will post 2.81 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

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

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.