Deutsche Bank AG Purchases New Shares in Terreno Realty Corporation $TRNO

Deutsche Bank AG purchased a new position in Terreno Realty Corporation (NYSE:TRNO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 288,047 shares of the real estate investment trust's stock, valued at approximately $18,657,000. Deutsche Bank AG owned about 0.27% of Terreno Realty as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Terreno Realty by 57.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 159 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Terreno Realty by 49.4% during the fourth quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 177 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Terreno Realty by 15.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust's stock worth $81,000 after buying an additional 193 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Terreno Realty by 2.8% during the 3rd quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust's stock worth $401,000 after acquiring an additional 193 shares during the last quarter.

Insiders Place Their Bets

In related news, President Michael A. Coke sold 8,000 shares of the company's stock in a transaction on 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 sale, the president directly owned 425,381 shares in the company, valued at $29,087,552.78. This represents a 1.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Tull Meyer sold 4,447 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total value of $305,242.08. Following the sale, the executive vice president directly owned 131,825 shares in the company, valued at approximately $9,048,468. The trade was a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company's stock.

Terreno Realty Price Performance

NYSE TRNO opened at $68.21 on Friday. The company has a market cap of $7.43 billion, a PE ratio of 18.29 and a beta of 1.03. The firm's 50 day moving average price is $69.00 and its 200-day moving average price is $66.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. Terreno Realty Corporation has a 52-week low of $55.70 and a 52-week high of $78.94.

Terreno Realty (NYSE:TRNO - Get Free Report) 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. The company had revenue of $124.71 million during the quarter, compared to the consensus estimate of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. Sell-side analysts forecast that Terreno Realty Corporation will post 2.82 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business 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 $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Terreno Realty's previous quarterly dividend of $0.52. Terreno Realty's dividend payout ratio is presently 55.76%.

Wall Street Analyst Weigh In

TRNO has been the topic of several research analyst reports. Raymond James Financial assumed coverage on Terreno Realty in a research report on Wednesday, June 17th. They issued an "underperform" rating on the stock. KeyCorp lifted their target price on Terreno Realty from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Piper Sandler boosted their target price on shares of Terreno Realty from $79.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. UBS Group set a $68.00 price target on shares of Terreno Realty in a report on Thursday, June 18th. Finally, Cantor Fitzgerald raised their price target on shares of Terreno Realty from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $72.86.

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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