Terreno Realty Corporation $TRNO Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital trimmed its Terreno Realty stake by 5% in Q4, selling 51,626 shares and now owning 987,395 shares (0.96% of the company) worth about $57.97 million; TRNO represents roughly 1.3% of Copeland's portfolio and is its 26th largest holding.
• Terreno posted a strong quarter with $1.53 EPS versus $0.85 expected and $137.48 million in revenue (vs. $124.72M est.), reporting an 84.51% net margin and 10.08% ROE; analysts forecast 2.79 EPS for the current fiscal year.
• TRNO trades around $66.38 with a market cap of $7.05 billion and a P/E of 17.02, and the stock carries a consensus "Moderate Buy" rating with an average price target of $69.36 after several firms raised targets into the $70–$72 range.

Copeland Capital Management LLC reduced its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 987,395 shares of the real estate investment trust's stock after selling 51,626 shares during the period. Terreno Realty makes up approximately 1.3% of Copeland Capital Management LLC's portfolio, making the stock its 26th biggest holding. Copeland Capital Management LLC owned 0.96% of Terreno Realty worth $57,970,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio grew its position in 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 purchasing an additional 162,700 shares during the period. Bessemer Group Inc. grew its position in Terreno Realty by 16.5% during the 3rd quarter. Bessemer Group Inc. now owns 564,695 shares of the real estate investment trust's stock worth $32,046,000 after purchasing an additional 79,964 shares during the period. Castellan Group acquired a new stake in Terreno Realty during the 3rd quarter worth about $3,578,000. DigitalBridge Group Inc. grew its position in Terreno Realty by 29.0% during the 3rd quarter. DigitalBridge Group Inc. now owns 346,700 shares of the real estate investment trust's stock worth $18,649,000 after purchasing an additional 78,000 shares during the period. Finally, Phocas Financial Corp. grew its position in Terreno Realty by 53.8% during the 4th quarter. Phocas Financial Corp. now owns 180,452 shares of the real estate investment trust's stock worth $10,594,000 after purchasing an additional 63,122 shares during the period.

Terreno Realty Trading Up 0.6%

TRNO stock opened at $66.38 on Friday. The company's 50-day simple moving average is $64.03 and its 200-day simple moving average is $61.96. 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 Corporation has a 52-week low of $53.00 and a 52-week high of $67.55. The firm has a market cap of $7.05 billion, a P/E ratio of 17.02 and a beta of 1.12.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $124.72 million. As a group, equities analysts forecast that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, March 27th. Terreno Realty's dividend payout ratio is presently 53.33%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TRNO shares. Citigroup increased their price target on Terreno Realty from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. Robert W. Baird set a $67.00 price target on Terreno Realty in a research report on Wednesday, February 11th. KeyCorp increased their price target on Terreno Realty from $68.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, February 9th. Royal Bank Of Canada set a $72.00 price target on Terreno Realty in a research report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Terreno Realty in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued 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 an average price target of $69.36.

About Terreno Realty

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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