Hsbc Holdings PLC Makes New $23.32 Million Investment in Terreno Realty Corporation $TRNO

Hsbc Holdings PLC purchased a new stake in Terreno Realty Corporation (NYSE:TRNO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 358,353 shares of the real estate investment trust’s stock, valued at approximately $23,320,000. Hsbc Holdings PLC owned approximately 0.33% of Terreno Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of TRNO. EverSource Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 189 shares during the period. Wiser Advisor Group LLC purchased a new stake in shares of Terreno Realty during the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Terreno Realty by 52.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares during the period. Clearstead Trust LLC acquired a new position in shares of Terreno Realty in the 2nd quarter valued at $28,000. Finally, Geneos Wealth Management Inc. increased its stake in 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 purchasing an additional 350 shares in the last quarter.

Insider Buying and Selling

In related news, President Michael A. Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total transaction of $547,040.00. Following the transaction, the president directly owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John Tull Meyer sold 4,447 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 131,825 shares in the company, valued at approximately $9,048,468. This represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

Terreno Realty Stock Down 0.7%

NYSE:TRNO opened at $67.12 on Friday. The business’s fifty day moving average price is $69.21 and its 200 day moving average price is $66.32. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 18.00 and a beta of 1.03. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.22. Terreno Realty Corporation has a 1-year low of $55.71 and a 1-year high of $78.94.

Terreno Realty (NYSE:TRNO) last announced 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. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%.The firm had revenue of $124.71 million during the quarter, compared to analyst estimates of $127.15 million. On average, sell-side analysts forecast that Terreno Realty Corporation will post 2.82 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently declared 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 is an increase from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 30th. Terreno Realty’s dividend payout ratio is 55.76%.

Wall Street Analyst Weigh In

TRNO has been the topic of several recent analyst reports. KeyCorp boosted their price objective on Terreno Realty from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Piper Sandler raised their target price on shares of Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Citigroup lifted their target price on shares of Terreno Realty from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Scotiabank boosted their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group upped their price target on shares of Terreno Realty from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.86.

About Terreno Realty

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.