Vanderbilt University Acquires 9,590 Shares of Terreno Realty Corporation $TRNO

Vanderbilt University boosted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 163.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,455 shares of the real estate investment trust’s stock after acquiring an additional 9,590 shares during the quarter. Vanderbilt University’s holdings in Terreno Realty were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TRNO. Wiser Advisor Group LLC purchased a new position in shares of Terreno Realty during the third quarter worth about $25,000. EverSource Wealth Advisors LLC increased 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 worth $25,000 after purchasing an additional 189 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 350 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in 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 purchasing an additional 172 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Terreno Realty in the 4th quarter worth approximately $30,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRNO. Weiss Ratings raised shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Wells Fargo & Company dropped their price objective on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Raymond James Financial initiated coverage on shares of Terreno Realty in a report on Wednesday, June 17th. They set an “underperform” rating for the company. Scotiabank cut their target price on shares of 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. Finally, KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.21.

Terreno Realty Stock Down 0.3%

Shares of TRNO opened at $65.45 on Thursday. The firm has a market cap of $6.96 billion, a P/E ratio of 16.00 and a beta of 1.05. The stock has a 50 day simple moving average of $65.67 and a two-hundred day simple moving average of $63.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $67.83.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results 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. The business had revenue of $124.44 million for 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, analysts forecast that Terreno Realty Corporation will post 2.8 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

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 paid 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 3.2%. Terreno Realty’s dividend payout ratio is 50.86%.

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.