Terreno Realty Corporation $TRNO Stock Position Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,127,027 shares of the real estate investment trust’s stock after selling 44,211 shares during the quarter. Principal Financial Group Inc. owned about 1.09% of Terreno Realty worth $63,959,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TRNO. Jones Financial Companies Lllp grew its position in Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 378 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 350 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Terreno Realty by 3.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 208 shares during the period. Truist Financial Corp boosted its holdings in shares of Terreno Realty by 3.0% in the second quarter. Truist Financial Corp now owns 19,948 shares of the real estate investment trust’s stock valued at $1,119,000 after acquiring an additional 572 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Terreno Realty by 2.9% during the second quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the real estate investment trust’s stock valued at $1,198,000 after acquiring an additional 600 shares during the period.

Insider Activity at Terreno Realty

In related news, EVP John Tull Meyer sold 4,758 shares of the 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 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 filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. The Goldman Sachs Group boosted their price objective on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Piper Sandler upgraded Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price objective for the company in a report on Monday, November 10th. Wells Fargo & Company increased their target price on shares of Terreno Realty from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings raised Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Terreno Realty Stock Up 1.5%

TRNO stock opened at $62.49 on Wednesday. The company has a 50 day moving average of $61.01 and a two-hundred day moving average of $59.04. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.48 and a beta of 1.13. Terreno Realty Corporation has a 12-month low of $48.18 and a 12-month high of $69.20. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27.

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

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.