Janus Henderson Group PLC Purchases 595,225 Shares of Terreno Realty Corporation $TRNO

Janus Henderson Group PLC grew its position in Terreno Realty Corporation (NYSE:TRNO) by 1,252.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 642,749 shares of the real estate investment trust’s stock after purchasing an additional 595,225 shares during the quarter. Janus Henderson Group PLC’s holdings in Terreno Realty were worth $39,487,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Terreno Realty by 57.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 159 shares during the period. Wiser Advisor Group LLC acquired a new position in Terreno Realty in the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. increased its position in 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 buying an additional 350 shares during the period. Caitong International Asset Management Co. Ltd increased its position in 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 buying an additional 172 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Terreno Realty during the fourth quarter worth $30,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial started coverage on shares of Terreno Realty in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. Wells Fargo & Company lowered their price target on shares of Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Robert W. Baird set a $69.00 price objective on shares of Terreno Realty in a research note on Friday, May 8th. Piper Sandler increased their target price on shares of Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Terreno Realty currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

Terreno Realty Stock Performance

NYSE:TRNO opened at $71.67 on Monday. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 17.52 and a beta of 1.03. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $78.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average price of $68.00 and a 200-day moving average price of $65.45.

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, topping analysts’ consensus estimates of $0.30 by $0.36. The company had revenue of $124.44 million for the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. As a group, equities analysts anticipate that Terreno Realty Corporation will post 2.81 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, June 26th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, June 26th. Terreno Realty’s dividend payout ratio is presently 50.86%.

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.