Jupiter Topco LLC Acquires Shares of 598,405 Terreno Realty Corporation $TRNO

Jupiter Topco LLC bought a new position in shares of Terreno Realty Corporation (NYSE:TRNO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 598,405 shares of the real estate investment trust’s stock, valued at approximately $38,778,000. Jupiter Topco LLC owned about 0.55% of Terreno Realty as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TRNO. EverSource Wealth Advisors LLC raised its position in shares of Terreno Realty by 57.0% in the first quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 159 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Terreno Realty by 52.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 172 shares during the last quarter. UMB Bank n.a. boosted its position in Terreno Realty by 49.4% during the fourth quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 177 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Terreno Realty by 15.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 193 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Terreno Realty by 2.8% during the 3rd quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 193 shares in the last quarter.

Wall Street Analysts Forecast Growth

TRNO has been the subject of a number of recent research reports. Piper Sandler increased their price objective on shares of Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Citigroup boosted their target price on Terreno Realty from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. UBS Group set a $68.00 price target on Terreno Realty in a research report on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Terreno Realty in a report on Friday, July 31st. Finally, Mizuho lifted their price objective on Terreno Realty from $56.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.86.

Terreno Realty Price Performance

Shares of TRNO stock opened at $67.12 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.43 and a quick ratio of 0.43. The firm’s 50-day moving average is $69.21 and its two-hundred day moving average is $66.32. Terreno Realty Corporation has a 12 month low of $55.71 and a 12 month high of $78.94. The company has a market capitalization of $7.31 billion, a PE ratio of 18.00 and a beta of 1.03.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.13. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. The company had revenue of $124.71 million for the quarter, compared to analyst estimates of $127.15 million. Analysts predict that Terreno Realty Corporation will post 2.82 earnings per share for the current year.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $0.57 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 30th. Terreno Realty’s payout ratio is currently 55.76%.

Insider Buying and Selling

In other Terreno Realty news, EVP John Tull Meyer sold 4,447 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total transaction of $305,242.08. Following the completion of the sale, the executive vice president owned 131,825 shares of the company’s stock, valued at $9,048,468. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael A. Coke sold 8,000 shares of Terreno Realty stock in a transaction on Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the sale, the president owned 425,381 shares in the company, valued at $29,087,552.78. This represents a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

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.