Schroder Investment Management Group Cuts Stock Holdings in Terreno Realty Corporation $TRNO

Key Points

• Schroder Investment Management Group trimmed its stake in Terreno Realty (NYSE:TRNO) by 6.7% in Q3, selling 75,529 shares and now holds 1,056,460 shares (about 1.02%) valued at $59.69 million.
• Terreno beat expectations for the quarter, reporting $1.53 EPS versus $0.85 expected and $137.48 million in revenue, and announced a $0.52 quarterly dividend (annualized $2.08, yield ~3.3%; ex-dividend Mar 27, payable Apr 10).
• Analysts are broadly positive with a consensus rating of "Moderate Buy" and a $69.36 average price target, with most individual targets between $70 and $75 and a ratings mix heavily weighted toward Buy.

Schroder Investment Management Group trimmed its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,056,460 shares of the real estate investment trust's stock after selling 75,529 shares during the period. Schroder Investment Management Group owned approximately 1.02% of Terreno Realty worth $59,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TRNO. Congress Asset Management Co. increased its holdings in shares of Terreno Realty by 4.8% in the 3rd quarter. Congress Asset Management Co. now owns 545,558 shares of the real estate investment trust's stock worth $30,960,000 after buying an additional 25,202 shares during the last quarter. Strs Ohio lifted its holdings in shares of Terreno Realty by 131.6% during the 3rd quarter. Strs Ohio now owns 286,300 shares of the real estate investment trust's stock worth $16,248,000 after acquiring an additional 162,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Terreno Realty by 88.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,268 shares of the real estate investment trust's stock worth $1,753,000 after acquiring an additional 14,664 shares during the last quarter. Castellan Group purchased a new position in Terreno Realty in the third quarter worth $3,578,000. Finally, Bessemer Group Inc. grew its position in Terreno Realty by 16.5% in the third quarter. Bessemer Group Inc. now owns 564,695 shares of the real estate investment trust's stock worth $32,046,000 after acquiring an additional 79,964 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRNO. Royal Bank Of Canada set a $72.00 target price on Terreno Realty in a research note on Monday, February 9th. Citigroup upped their price objective on Terreno Realty from $64.00 to $70.00 and gave the stock a "neutral" rating in a report on Tuesday, February 10th. UBS Group set a $72.00 price objective on Terreno Realty in a research report on Monday, February 9th. Citizens Jmp raised their price objective on Terreno Realty from $66.00 to $70.00 and gave the company a "market outperform" rating in a report on Friday, February 6th. Finally, iA Financial set a $75.00 target price on Terreno Realty in a research report on Friday, February 6th. One 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 stock. According to MarketBeat.com, Terreno Realty currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.36.

Terreno Realty Trading Up 0.8%

Shares of TRNO stock opened at $63.21 on Wednesday. The business has a 50-day moving average of $62.97 and a 200 day moving average of $60.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $68.54. The stock has a market capitalization of $6.59 billion, a PE ratio of 16.21, a P/E/G ratio of 2.50 and a beta of 1.12.

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

Terreno Realty Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty's payout ratio is presently 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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