Terreno Realty Co. (NYSE:TRNO) Shares Sold by Robeco Institutional Asset Management B.V.

July 16, 2022July 17, 2022 Admin

Robeco Institutional Asset Management B.V. cut its holdings in shares of Terreno Realty Co. (NYSE:TRNO – Get Rating) by 16.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,488 shares of the real estate investment trust’s stock after selling 1,471 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Terreno Realty were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. USA Financial Portformulas Corp purchased a new stake in shares of Terreno Realty in the fourth quarter worth about $39,000. Total Clarity Wealth Management Inc. purchased a new stake in Terreno Realty in the 4th quarter worth approximately $51,000. First Eagle Investment Management LLC acquired a new stake in shares of Terreno Realty during the 4th quarter worth approximately $51,000. CWM LLC purchased a new position in shares of Terreno Realty during the 4th quarter valued at approximately $55,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Terreno Realty in the 4th quarter valued at $119,000.

Terreno Realty Stock Up 2.0 %

NYSE TRNO opened at $56.47 on Friday. The business has a fifty day moving average price of $58.97 and a 200 day moving average price of $68.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market cap of $4.27 billion, a P/E ratio of 45.18 and a beta of 0.72. Terreno Realty Co. has a one year low of $54.51 and a one year high of $86.00.

Terreno Realty (NYSE:TRNO – Get Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.20). The business had revenue of $64.04 million during the quarter, compared to analyst estimates of $62.16 million. Terreno Realty had a net margin of 38.50% and a return on equity of 4.79%. Research analysts anticipate that Terreno Realty Co. will post 1.92 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th were given a $0.34 dividend. The ex-dividend date was Wednesday, June 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.41%. Terreno Realty’s dividend payout ratio (DPR) is presently 108.80%.

Insider Activity at Terreno Realty

In related news, CEO W Blake Baird acquired 1,000 shares of the stock in a transaction on Monday, May 9th. The shares were bought at an average price of $64.00 per share, with a total value of $64,000.00. Following the completion of the purchase, the chief executive officer now owns 588,376 shares of the company’s stock, valued at approximately $37,656,064. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TRNO shares. KeyCorp cut their price objective on shares of Terreno Realty from $86.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, June 28th. Mizuho cut their price target on Terreno Realty from $76.00 to $64.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Jefferies Financial Group lowered their price target on Terreno Realty from $88.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. TheStreet cut Terreno Realty from a “b” rating to a “c+” rating in a research report on Thursday, May 19th. Finally, JMP Securities started coverage on Terreno Realty in a research report on Wednesday, May 18th. They set an “outperform” rating and a $75.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.33.

Terreno Realty Company Profile

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Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited.