Mutual of America Capital Management LLC Lowers Holdings in Terreno Realty Corporation $TRNO

Mutual of America Capital Management LLC lowered its position in Terreno Realty Corporation (NYSE:TRNO) by 10.8% during the 3rd quarter, Holdings Channel reports. The firm owned 92,678 shares of the real estate investment trust’s stock after selling 11,182 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Terreno Realty were worth $5,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Terreno Realty in the 2nd quarter worth $156,525,000. Osterweis Capital Management Inc. bought a new stake in shares of Terreno Realty in the second quarter valued at about $33,699,000. Boston Trust Walden Corp purchased a new stake in Terreno Realty in the third quarter worth about $26,957,000. Schroder Investment Management Group lifted its stake in Terreno Realty by 55.7% in the second quarter. Schroder Investment Management Group now owns 1,131,989 shares of the real estate investment trust’s stock worth $63,471,000 after acquiring an additional 405,015 shares during the period. Finally, Hudson Bay Capital Management LP grew its holdings in Terreno Realty by 359.3% during the 2nd quarter. Hudson Bay Capital Management LP now owns 390,919 shares of the real estate investment trust’s stock worth $21,919,000 after acquiring an additional 305,806 shares in the last quarter.

Insider Transactions at Terreno Realty

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the sale, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Terreno Realty Trading Down 2.5%

NYSE TRNO opened at $59.96 on Thursday. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $69.20. The company has a 50 day moving average price of $61.01 and a 200 day moving average price of $58.89. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a market cap of $6.20 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. As a group, sell-side analysts forecast that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 15th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, December 15th. Terreno Realty’s payout ratio is 66.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. The Goldman Sachs Group lifted their price objective 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. Mizuho boosted their price objective on shares of Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a research note on Thursday, December 4th. Scotiabank upped their target price on Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Finally, KeyCorp reiterated an “overweight” rating on shares of Terreno Realty in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.