Mayport LLC Has $1.24 Million Stock Position in Terreno Realty Corporation $TRNO

Mayport LLC lessened its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 32.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,145 shares of the real estate investment trust’s stock after selling 9,249 shares during the quarter. Mayport LLC’s holdings in Terreno Realty were worth $1,240,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nykredit A S bought a new stake in Terreno Realty during the 2nd quarter worth $231,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Terreno Realty during the second quarter valued at about $285,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Terreno Realty by 19,261.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 646,088 shares of the real estate investment trust’s stock worth $41,847,000 after purchasing an additional 642,751 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Terreno Realty by 2.9% in the second quarter. Van ECK Associates Corp now owns 29,771 shares of the real estate investment trust’s stock valued at $1,928,000 after buying an additional 853 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Terreno Realty by 11.0% in the 2nd quarter. Hsbc Holdings PLC now owns 358,353 shares of the real estate investment trust’s stock valued at $23,320,000 after buying an additional 35,398 shares during the last quarter.

Insider Activity at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $68.38, for a total value of $547,040.00. Following the transaction, the president directly owned 425,381 shares of the company’s stock, valued at approximately $29,087,552.78. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Tull Meyer sold 4,447 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total value of $305,242.08. Following the transaction, the executive vice president owned 131,825 shares in the company, valued at $9,048,468. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRNO has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Terreno Realty from $64.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday. Mizuho increased their price objective on Terreno Realty from $56.00 to $60.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Citigroup lifted their target price on Terreno Realty from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Terreno Realty in a research report on Friday, July 31st. Finally, Scotiabank raised their price objective on Terreno Realty from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.29.

Terreno Realty Price Performance

TRNO stock opened at $65.73 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 17.62 and a beta of 1.02. The company’s fifty day simple moving average is $69.31 and its 200 day simple moving average is $66.34. Terreno Realty Corporation has a 12-month low of $55.71 and a 12-month high of $78.94.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.13. The firm had revenue of $124.71 million during 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%. On average, analysts expect that Terreno Realty Corporation will post 2.83 earnings per share for the current year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $0.57 dividend. The ex-dividend date is Wednesday, September 30th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. Terreno Realty’s dividend payout ratio is presently 55.76%.

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.