Terreno Realty Corporation $TRNO Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services trimmed its stake in Terreno Realty (NYSE:TRNO) by 7.9%, selling 50,303 shares and now holds 584,628 shares (0.57% of the company) valued at $34.32 million.
• Terreno beat expectations for the quarter, reporting $1.53 EPS versus $0.85 expected and revenue of $137.48 million versus $124.72 million, with a reported net margin of 84.51%.
• Terreno pays a quarterly dividend of $0.52 ($2.08 annualized) for a 3.2% yield and a 53.3% payout ratio; the stock trades around $65.72, has a $6.98 billion market cap and a consensus analyst target of $69.36 ("Moderate Buy").

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 584,628 shares of the real estate investment trust's stock after selling 50,303 shares during the period. Massachusetts Financial Services Co. MA owned 0.57% of Terreno Realty worth $34,324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TRNO. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Terreno Realty by 52.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 172 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 189 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Terreno Realty by 15.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust's stock valued at $81,000 after acquiring an additional 193 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Terreno Realty by 2.8% during the third quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust's stock valued at $401,000 after acquiring an additional 193 shares during the period. Finally, Phillips Wealth Planners LLC boosted its holdings in shares of Terreno Realty by 4.7% during the third quarter. Phillips Wealth Planners LLC now owns 4,681 shares of the real estate investment trust's stock valued at $273,000 after acquiring an additional 208 shares during the period.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $65.72 on Thursday. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $66.74. The firm's 50-day simple moving average is $63.92 and its 200 day simple moving average is $61.61. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.98 billion, a P/E ratio of 16.85 and a beta of 1.12.

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 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 analysts' expectations of $124.72 million. Equities analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, March 27th. Terreno Realty's payout ratio is currently 53.33%.

Analyst Upgrades and Downgrades

TRNO has been the subject of several analyst reports. UBS Group set a $72.00 price target on shares of Terreno Realty in a report on Monday, February 9th. Cantor Fitzgerald boosted their price target on shares of Terreno Realty from $67.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, February 6th. Barclays reissued a "positive" rating and set a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. Scotiabank boosted their price target on shares of Terreno Realty from $67.00 to $69.00 and gave the company an "outperform" rating in a report on Wednesday, January 14th. Finally, Weiss Ratings raised shares of Terreno Realty from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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