Handelsbanken Fonder AB Has $1.61 Million Position in Terreno Realty Corporation $TRNO

Handelsbanken Fonder AB cut its holdings in Terreno Realty Corporation (NYSE:TRNO) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,730 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Terreno Realty were worth $1,611,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Terreno Realty in the 1st quarter valued at $83,095,000. Price T Rowe Associates Inc. MD increased its holdings in Terreno Realty by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust’s stock valued at $262,918,000 after purchasing an additional 523,950 shares during the last quarter. Resolution Capital Ltd lifted its stake in Terreno Realty by 13.6% in the first quarter. Resolution Capital Ltd now owns 1,610,253 shares of the real estate investment trust’s stock valued at $101,800,000 after buying an additional 192,268 shares during the period. Eisler Capital Management Ltd. bought a new position in Terreno Realty during the first quarter worth about $9,299,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Terreno Realty by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,271,442 shares of the real estate investment trust’s stock worth $333,261,000 after buying an additional 125,940 shares during the last quarter.

Analyst Ratings Changes

TRNO has been the topic of a number of analyst reports. Scotiabank upgraded shares of Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price target on the stock in a research report on Monday, November 10th. Piper Sandler raised shares of Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 target price for the company in a research note on Monday, November 10th. Wells Fargo & Company lifted their price target on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on shares of Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Finally, Barclays raised their price objective on Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, September 15th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of “Moderate Buy” and an average price target of $67.25.

Insider Activity

In related news, EVP John Tull Meyer sold 4,758 shares of Terreno Realty stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the sale, the executive vice president owned 119,949 shares of the company’s stock, valued at approximately $7,190,942.55. This trade represents a 3.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Terreno Realty Stock Up 0.7%

Terreno Realty stock opened at $62.97 on Thursday. The company has a 50 day moving average of $59.38 and a 200-day moving average of $57.82. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20. The stock has a market capitalization of $6.51 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million for the quarter, compared to analysts’ expectations of $114.62 million. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. On average, equities research analysts anticipate that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th. Terreno Realty’s dividend payout ratio is currently 66.03%.

Terreno Realty Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.