Diversify Advisory Services LLC Purchases Shares of 23,059 Terreno Realty Corporation $TRNO

Diversify Advisory Services LLC bought a new stake in Terreno Realty Corporation (NYSE:TRNO) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 23,059 shares of the real estate investment trust’s stock, valued at approximately $1,683,000.

Several other institutional investors also recently added to or reduced their stakes in TRNO. Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 378 shares during the last quarter. Geneos Wealth Management Inc. boosted its position 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 buying an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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. First Trust Advisors LP grew its holdings in Terreno Realty by 78.9% during the 2nd quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock valued at $2,942,000 after buying an additional 23,135 shares during the last quarter. Finally, Amundi increased its position in Terreno Realty by 18.6% during the 2nd quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock worth $3,799,000 after purchasing an additional 10,525 shares in the last quarter.

Insider Activity

In related news, EVP John Tull Meyer sold 4,447 shares of Terreno Realty stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total transaction of $305,242.08. Following the sale, the executive vice president owned 131,825 shares of the company’s stock, valued at $9,048,468. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael A. Coke sold 8,000 shares of Terreno Realty stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the sale, the president directly owned 425,381 shares in the company, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TRNO. Mizuho upped their price objective on shares of Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday. Raymond James Financial started coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating for the company. Wells Fargo & Company cut their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Piper Sandler increased their price target on Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group raised their price objective on Terreno Realty from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.86.

Terreno Realty Stock Performance

NYSE:TRNO opened at $68.65 on Thursday. The company has a market cap of $7.48 billion, a P/E ratio of 18.40 and a beta of 1.03. The firm’s 50 day moving average is $68.94 and its two-hundred day moving average is $66.12. Terreno Realty Corporation has a fifty-two week low of $54.97 and a fifty-two week high of $78.94. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. The business had revenue of $124.71 million during the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. Analysts expect that Terreno Realty Corporation will post 2.82 EPS for the current year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.52. Terreno Realty’s dividend payout ratio (DPR) is presently 55.76%.

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.