Aberdeen Group plc Lowers Stock Holdings in Terreno Realty Corporation $TRNO

Key Points

• Aberdeen Group plc reduced its stake by 75% in Terreno Realty during Q4, selling 117,311 shares and leaving 39,135 shares valued at $2.298 million at quarter-end.
• Analysts have been lifting ratings and targets—several firms raised price objectives (range roughly $69–$75) and MarketBeat shows a consensus of "Moderate Buy" with an average target of $69.36.
• Terreno posted a quarterly earnings beat (EPS $1.53 vs. $0.85 estimate) and declared a $0.52 quarterly dividend (annualized $2.08, ~3.2% yield, 53.3% payout ratio).

Aberdeen Group plc reduced its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 75.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,135 shares of the real estate investment trust's stock after selling 117,311 shares during the quarter. Aberdeen Group plc's holdings in Terreno Realty were worth $2,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC grew its stake in shares of Terreno Realty by 38.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 11,320 shares of the real estate investment trust's stock valued at $665,000 after buying an additional 3,155 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Terreno Realty by 2.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 403,367 shares of the real estate investment trust's stock worth $23,807,000 after purchasing an additional 10,936 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Terreno Realty by 22.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,351 shares of the real estate investment trust's stock worth $138,000 after purchasing an additional 425 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of Terreno Realty by 3.4% in the fourth quarter. Moody National Bank Trust Division now owns 10,316 shares of the real estate investment trust's stock worth $606,000 after purchasing an additional 339 shares during the last quarter. Finally, Congress Asset Management Co. grew its stake in shares of Terreno Realty by 3.8% in the fourth quarter. Congress Asset Management Co. now owns 566,448 shares of the real estate investment trust's stock worth $33,256,000 after purchasing an additional 20,890 shares during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on TRNO. Scotiabank lifted their price objective on Terreno Realty from $67.00 to $69.00 and gave the company an "outperform" rating in a research report on Wednesday, January 14th. UBS Group set a $72.00 price objective on Terreno Realty in a research report on Monday, February 9th. Weiss Ratings raised Terreno Realty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, January 22nd. Citigroup raised their price target on Terreno Realty from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Finally, iA Financial set a $75.00 price target on Terreno Realty in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.36.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $65.39 on Friday. Terreno Realty Corporation has a twelve month low of $52.30 and a twelve month high of $66.74. The firm has a market cap of $6.95 billion, a P/E ratio of 16.77 and a beta of 1.12. The company has a 50 day moving average of $63.67 and a 200 day moving average of $61.37. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.68. The company had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. As a group, research analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, March 27th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Terreno Realty's payout ratio is currently 53.33%.

Terreno Realty 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.

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