Tandem Investment Advisors Inc. Purchases 10,024 Shares of Terreno Realty Corporation $TRNO

Tandem Investment Advisors Inc. increased its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,418,870 shares of the real estate investment trust’s stock after acquiring an additional 10,024 shares during the period. Terreno Realty makes up about 2.7% of Tandem Investment Advisors Inc.’s holdings, making the stock its 19th biggest position. Tandem Investment Advisors Inc. owned 1.37% of Terreno Realty worth $80,521,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Terreno Realty during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its position in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares in the last quarter. First Horizon Corp bought a new position in Terreno Realty in the 3rd quarter worth about $26,000. Geneos Wealth Management Inc. increased its position in shares of 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 worth $29,000 after purchasing an additional 350 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 357 shares during the last quarter.

Analyst Ratings Changes

TRNO has been the subject of several research analyst reports. Piper Sandler upgraded 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 report on Monday, November 10th. Weiss Ratings raised shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. Scotiabank increased their target price on Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. UBS Group set a $56.00 price target on Terreno Realty in a research report on Thursday, December 4th. Finally, Mizuho upped their price objective on Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

Terreno Realty Stock Up 2.4%

NYSE TRNO opened at $61.39 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. Terreno Realty Corporation has a 1 year low of $48.18 and a 1 year high of $69.20. The stock has a market capitalization of $6.35 billion, a PE ratio of 19.49, a PEG ratio of 2.41 and a beta of 1.13. The business’s 50-day moving average is $61.03 and its 200 day moving average is $58.91.

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

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 15th were given a dividend of $0.52 per share. The ex-dividend date was Monday, December 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. Terreno Realty’s payout ratio is currently 66.03%.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 119,949 shares in the company, valued at approximately $7,190,942.55. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

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.