DigitalBridge Group Inc. Raises Stake in Terreno Realty Corporation $TRNO

Key Points

• DigitalBridge Group Inc. raised its stake in Terreno Realty by 29% in Q3 to 346,700 shares (about $18.65M), representing roughly 1.5% of DigitalBridge’s portfolio and ~0.34% of TRNO outstanding, making it the fund’s 26th-largest holding.
• Terreno beat expectations, reporting $1.53 EPS vs. $0.85 expected and declaring a $0.52 quarterly dividend (annualized $2.08, ~3.3% yield); the stock has a $6.61B market cap and a consensus "Moderate Buy" price target of $69.36.
• Other institutions also made big moves: Norges Bank initiated a roughly $156.5M position, Schroder and UBS materially increased their stakes, signaling broader institutional buying interest.

DigitalBridge Group Inc. raised its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 29.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 346,700 shares of the real estate investment trust's stock after acquiring an additional 78,000 shares during the period. Terreno Realty comprises approximately 1.5% of DigitalBridge Group Inc.'s portfolio, making the stock its 26th biggest holding. DigitalBridge Group Inc. owned about 0.34% of Terreno Realty worth $18,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Terreno Realty in the 2nd quarter worth $156,525,000. Osterweis Capital Management Inc. purchased a new stake in Terreno Realty during the second quarter valued at about $33,699,000. Boston Trust Walden Corp bought a new position in shares of Terreno Realty during the third quarter valued at about $26,957,000. Schroder Investment Management Group grew its stake in shares of Terreno Realty by 55.7% during the second quarter. Schroder Investment Management Group now owns 1,131,989 shares of the real estate investment trust's stock valued at $63,471,000 after buying an additional 405,015 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Terreno Realty by 108.1% in the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust's stock worth $34,044,000 after buying an additional 311,559 shares during the period.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $63.47 on Wednesday. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.51 and a beta of 1.12. The stock has a fifty day moving average of $63.35 and a 200 day moving average of $60.95. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $67.70. 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 issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The business had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. As a group, research analysts expect that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty's dividend payout ratio is presently 53.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TRNO shares. Robert W. Baird set a $67.00 target price on Terreno Realty in a report on Wednesday, February 11th. Scotiabank increased their price objective on Terreno Realty from $67.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday, January 14th. Royal Bank Of Canada set a $72.00 target price on shares of Terreno Realty in a report on Monday, February 9th. Barclays reiterated a "positive" rating and set a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. Finally, KeyCorp increased their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

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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