New Age Alpha Advisors LLC Invests $1.34 Million in Terreno Realty Corporation $TRNO

New Age Alpha Advisors LLC bought a new position in shares of Terreno Realty Corporation (NYSE:TRNO) during the third quarter, Holdings Channel.com reports. The fund bought 23,585 shares of the real estate investment trust’s stock, valued at approximately $1,338,000.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Terreno Realty by 73.3% in the 2nd 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. Mather Group LLC. acquired a new position in shares of Terreno Realty during the third quarter valued at about $25,000. First Horizon Corp bought a new stake in shares of Terreno Realty in the third quarter valued at about $26,000. Geneos Wealth Management Inc. grew its position in Terreno Realty by 304.3% during the first 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. Finally, Osaic Holdings Inc. increased its stake in Terreno Realty by 140.6% during the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 357 shares during the period.

Terreno Realty Price Performance

Shares of TRNO stock opened at $65.42 on Wednesday. The stock’s fifty day simple moving average is $62.64 and its 200 day simple moving average is $60.49. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $69.20. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.68. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%.The firm had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. On average, analysts expect that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Cantor Fitzgerald raised their price objective on Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $72.00 target price on Terreno Realty in a research note on Monday, February 9th. Citigroup lifted their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Piper Sandler boosted their price target on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company raised their price objective on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Terreno Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.