Lincluden Management Ltd. Has $3.53 Million Stock Holdings in Terreno Realty Corporation $TRNO

Lincluden Management Ltd. increased its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 50.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,157 shares of the real estate investment trust’s stock after purchasing an additional 20,906 shares during the period. Lincluden Management Ltd. owned approximately 0.06% of Terreno Realty worth $3,527,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Crawford Investment Counsel Inc. grew its position in shares of Terreno Realty by 11.6% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 172,824 shares of the real estate investment trust’s stock worth $9,808,000 after buying an additional 17,996 shares during the period. Bamco Inc. NY lifted its position in shares of Terreno Realty by 11.9% during the 3rd quarter. Bamco Inc. NY now owns 67,525 shares of the real estate investment trust’s stock valued at $3,832,000 after acquiring an additional 7,172 shares during the period. California Public Employees Retirement System boosted its stake in Terreno Realty by 8.0% during the third quarter. California Public Employees Retirement System now owns 181,332 shares of the real estate investment trust’s stock worth $10,291,000 after acquiring an additional 13,386 shares in the last quarter. Bank of America Corp DE boosted its stake in Terreno Realty by 10.4% during the third quarter. Bank of America Corp DE now owns 896,653 shares of the real estate investment trust’s stock worth $50,885,000 after acquiring an additional 84,305 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in Terreno Realty in the third quarter worth $214,000.

Terreno Realty Stock Performance

TRNO opened at $63.00 on Tuesday. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $67.70. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 2.48 and a beta of 1.12. The company’s fifty day moving average price is $63.26 and its two-hundred day moving average price is $60.91. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24.

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

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s payout ratio is currently 53.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRNO shares. Piper Sandler lifted their price target on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. UBS Group set a $72.00 target price on Terreno Realty in a research note on Monday, February 9th. Wells Fargo & Company boosted their target price on Terreno Realty from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Scotiabank upped their price target on Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Finally, Citizens Jmp increased their price target on Terreno Realty from $66.00 to $70.00 and gave the stock a “market outperform” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.36.

Terreno Realty Company 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.