Fairtree Asset Management Pty Ltd Takes Position in Terreno Realty Corporation $TRNO

Fairtree Asset Management Pty Ltd purchased 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 Securities and Exchange Commission (SEC). The firm purchased 18,767 shares of the real estate investment trust’s stock, valued at approximately $1,216,000.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in 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 valued at $25,000 after buying an additional 189 shares during the last quarter. Wiser Advisor Group LLC bought a new position in Terreno Realty during the 3rd quarter worth approximately $25,000. Clearstead Trust LLC acquired a new position in shares of Terreno Realty in the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in shares of Terreno Realty by 52.8% in 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 acquiring an additional 172 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Terreno Realty by 304.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares during the last quarter.

Terreno Realty Trading Down 0.3%

Shares of NYSE TRNO opened at $68.37 on Friday. Terreno Realty Corporation has a 12-month low of $54.97 and a 12-month high of $78.94. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 18.33 and a beta of 1.03. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $68.98 and its 200 day simple moving average is $66.17.

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, topping analysts’ consensus estimates of $0.41 by $0.13. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%.The firm had revenue of $124.71 million during the quarter, compared to the consensus estimate of $127.15 million. Equities research analysts expect that Terreno Realty Corporation will post 2.82 EPS for the current year.

Terreno Realty Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRNO. Cantor Fitzgerald upped their price target on Terreno Realty from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday. The Goldman Sachs Group boosted their target price 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. Barclays increased their target price on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Mizuho lifted their price target on shares of Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target 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. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.86.

Insider Transactions at Terreno Realty

In other Terreno Realty news, 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 transaction, the executive vice president directly owned 131,825 shares of the company’s stock, valued at $9,048,468. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael A. Coke sold 8,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the completion of the transaction, the president owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. This trade represents a 1.85% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by company insiders.

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.