Capital Square LLC Invests $1.22 Million in Terreno Realty Corporation $TRNO

Capital Square LLC bought a new stake in Terreno Realty Corporation (NYSE:TRNO) during the second quarter, HoldingsChannel reports. The firm bought 17,607 shares of the real estate investment trust’s stock, valued at approximately $1,222,000.

Several other institutional investors and hedge funds have also bought and sold shares of TRNO. EverSource Wealth Advisors LLC boosted its position in 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 valued at $25,000 after purchasing an additional 189 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Terreno Realty during the 3rd quarter worth approximately $25,000. Clearstead Trust LLC acquired a new position in shares of Terreno Realty during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 172 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Terreno Realty by 304.3% during 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 Transactions at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 8,000 shares of Terreno Realty stock in a transaction dated 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. The trade was a 1.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Tull Meyer sold 4,447 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 131,825 shares of the company’s stock, valued at $9,048,468. This represents a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is currently owned by company insiders.

Terreno Realty Stock Performance

NYSE:TRNO opened at $68.21 on Monday. The stock has a 50 day simple moving average of $69.00 and a 200 day simple moving average of $66.22. The stock has a market cap of $7.43 billion, a P/E ratio of 18.29 and a beta of 1.03. Terreno Realty Corporation has a 1-year low of $55.70 and a 1-year high of $78.94. 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 (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The firm had revenue of $124.71 million for the quarter, compared to analyst estimates of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. Research analysts anticipate that Terreno Realty Corporation will post 2.82 earnings per share for the current year.

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, September 30th. Terreno Realty’s dividend payout ratio is currently 55.76%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Terreno Realty from $79.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Raymond James Financial initiated coverage on shares of Terreno Realty in a research report on Wednesday, June 17th. They set an “underperform” rating on the stock. The Goldman Sachs Group increased their price target on shares of Terreno Realty from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Citigroup lifted their price objective on shares of Terreno Realty from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, UBS Group set a $68.00 price objective on shares of Terreno Realty in a research note on Thursday, June 18th. One research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.