Terreno Realty Corporation $TRNO Stock Position Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 4.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 418,515 shares of the real estate investment trust’s stock after selling 21,442 shares during the period. Segall Bryant & Hamill LLC’s holdings in Terreno Realty were worth $25,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TRNO. Delphi Management Inc. MA bought a new position in shares of Terreno Realty during the fourth quarter valued at approximately $1,238,000. Sage Rhino Capital LLC lifted its holdings in shares of Terreno Realty by 36.6% in the 4th quarter. Sage Rhino Capital LLC now owns 40,190 shares of the real estate investment trust’s stock worth $2,360,000 after purchasing an additional 10,777 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Terreno Realty by 7.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock worth $70,950,000 after purchasing an additional 81,444 shares during the last quarter. Phocas Financial Corp. lifted its holdings in shares of Terreno Realty by 53.8% in the 4th quarter. Phocas Financial Corp. now owns 180,452 shares of the real estate investment trust’s stock worth $10,594,000 after purchasing an additional 63,122 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Terreno Realty by 2.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 403,367 shares of the real estate investment trust’s stock valued at $23,807,000 after purchasing an additional 10,936 shares during the period.

Terreno Realty Trading Down 0.9%

Shares of NYSE:TRNO opened at $71.67 on Friday. The company has a 50 day moving average of $68.00 and a 200-day moving average of $65.40. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a market cap of $7.62 billion, a P/E ratio of 17.52 and a beta of 1.05. Terreno Realty Corporation has a twelve month low of $53.00 and a twelve month high of $78.94.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The business had revenue of $124.44 million for the quarter, compared to analyst estimates of $122.60 million. As a group, analysts anticipate that Terreno Realty Corporation will post 2.81 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is presently 50.86%.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of recent research reports. Weiss Ratings upgraded Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wells Fargo & Company cut their target price on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a report on Tuesday, June 23rd. Raymond James Financial initiated coverage on shares of Terreno Realty in a research report on Wednesday, June 17th. They set an “underperform” rating for the company. Finally, Barclays increased their price objective on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and a consensus price target of $71.71.

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.