Boston Trust Walden Corp Decreases Holdings in Terreno Realty Corporation $TRNO

Boston Trust Walden Corp reduced its position in Terreno Realty Corporation (NYSE:TRNO) by 12.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,725 shares of the real estate investment trust’s stock after selling 56,240 shares during the period. Boston Trust Walden Corp’s holdings in Terreno Realty were worth $24,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new stake in Terreno Realty during the third quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the last quarter. 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 valued at $29,000 after buying an additional 350 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of 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 buying an additional 172 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Terreno Realty during the 4th quarter worth $30,000.

Analyst Ratings Changes

TRNO has been the topic of several recent research reports. KeyCorp reiterated an “overweight” rating on shares of Terreno Realty in a research report on Tuesday, June 23rd. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a report on Friday, May 8th. Wells Fargo & Company reduced their price target on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Finally, Scotiabank cut their price objective on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.21.

Terreno Realty Stock Performance

Shares of TRNO opened at $67.17 on Friday. 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 market capitalization of $7.14 billion, a price-to-earnings ratio of 16.42 and a beta of 1.05. The company’s 50 day simple moving average is $65.64 and its 200 day simple moving average is $63.75. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $67.83.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.30 by $0.36. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. On average, sell-side analysts predict that Terreno Realty Corporation will post 2.8 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 26th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. Terreno Realty’s payout ratio 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.