Universal Beteiligungs und Servicegesellschaft mbH Buys 52,230 Shares of Terreno Realty Corporation $TRNO

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Terreno Realty by 95.8%, purchasing 52,230 shares to hold 106,766 shares (about 0.10% of the company) valued at roughly $6.27 million at quarter-end.
• Terreno beat expectations for the quarter with $1.53 EPS vs. $0.85 consensus and revenue of $137.5 million versus $124.7 million, and the stock trades at a market cap of about $7.0 billion with a P/E of 16.9.
• The company pays a quarterly dividend of $0.52 ($2.08 annualized, ~3.2% yield), and analysts have a consensus rating of “Moderate Buy” with an average price target of $69.36 following several upgrades.

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 95.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 106,766 shares of the real estate investment trust's stock after buying an additional 52,230 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Terreno Realty worth $6,268,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Evergreen Capital Management LLC increased its holdings in Terreno Realty by 6.9% in the 4th quarter. Evergreen Capital Management LLC now owns 6,595 shares of the real estate investment trust's stock worth $390,000 after buying an additional 423 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Terreno Realty by 4.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,209 shares of the real estate investment trust's stock worth $4,239,000 after buying an additional 2,937 shares in the last quarter. First Horizon Corp grew its stake in shares of Terreno Realty by 41.5% during the 4th quarter. First Horizon Corp now owns 651 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 191 shares during the period. Moran Wealth Management LLC grew its stake in shares of Terreno Realty by 11.1% during the 4th quarter. Moran Wealth Management LLC now owns 21,317 shares of the real estate investment trust's stock valued at $1,252,000 after purchasing an additional 2,127 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Terreno Realty by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,019 shares of the real estate investment trust's stock valued at $177,000 after purchasing an additional 755 shares during the period.

Terreno Realty Stock Up 1.0%

Shares of TRNO opened at $65.92 on Tuesday. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of 16.90 and a beta of 1.12. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $67.55. The business's 50 day simple moving average is $64.01 and its 200-day simple moving average is $62.12. 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 (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, topping the consensus estimate of $0.85 by $0.68. The business had revenue of $137.48 million for the quarter, compared to analysts' expectations of $124.72 million. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%. As a group, equities analysts expect that Terreno Realty Corporation will post 2.79 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, March 27th. Terreno Realty's dividend payout ratio is currently 53.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Scotiabank boosted their price target on Terreno Realty from $67.00 to $69.00 and gave the company an "outperform" rating in a research note on Wednesday, January 14th. KeyCorp boosted their price target on Terreno Realty from $68.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Piper Sandler boosted their price target on Terreno Realty from $75.00 to $79.00 and gave the company an "overweight" rating in a research note on Monday, February 9th. Royal Bank Of Canada set a $72.00 price target on Terreno Realty in a report on Monday, February 9th. Finally, Citizens Jmp boosted their price target on Terreno Realty from $66.00 to $70.00 and gave the stock a "market outperform" rating in a report on Friday, February 6th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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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