Terreno Realty Corporation $TRNO Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 358,353 shares of the real estate investment trust's stock after buying an additional 35,398 shares during the quarter. Hsbc Holdings PLC owned approximately 0.33% of Terreno Realty worth $23,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Terreno Realty by 57.0% during the first quarter. EverSource Wealth Advisors LLC now owns 438 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 159 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Terreno Realty by 52.8% during the 3rd 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 in the last quarter. UMB Bank n.a. raised its position in shares of Terreno Realty by 49.4% during the 4th quarter. UMB Bank n.a. now owns 535 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 177 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Terreno Realty by 15.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust's stock valued at $81,000 after buying an additional 193 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Terreno Realty by 2.8% in the 3rd quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust's stock valued at $401,000 after buying an additional 193 shares in the last quarter.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 8,000 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the completion of the transaction, the president directly owned 425,381 shares of the company's stock, valued at $29,087,552.78. This represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John 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 owned 131,825 shares of the company's stock, valued at $9,048,468. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on TRNO shares. Scotiabank raised their price target on Terreno Realty from $68.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Mizuho lifted their price objective on Terreno Realty from $56.00 to $60.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 19th. UBS Group set a $68.00 price objective on shares of Terreno Realty in a research note on Thursday, June 18th. Raymond James Financial began coverage on shares of Terreno Realty in a research report on Wednesday, June 17th. They set an "underperform" rating on the stock. Finally, Barclays boosted their price target on Terreno Realty from $60.00 to $69.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Terreno Realty has an average rating of "Moderate Buy" and a consensus target price of $73.29.

Terreno Realty Stock Up 0.7%

TRNO opened at $66.14 on Wednesday. Terreno Realty Corporation has a 1 year low of $55.92 and a 1 year high of $78.94. The firm has a 50 day moving average price of $69.33 and a 200 day moving average price of $66.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $7.21 billion, a PE ratio of 17.73 and a beta of 1.02.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. The firm had revenue of $124.71 million for the quarter, compared to analysts' expectations of $127.15 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. Sell-side analysts expect that Terreno Realty Corporation will post 2.83 earnings per share for the current year.

Terreno Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Terreno Realty's previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.4%. Terreno Realty's dividend payout ratio is presently 55.76%.

Terreno Realty Company 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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