Wellington Management Group LLP Purchases 46,960 Shares of Terreno Realty Corporation $TRNO

Key Points

• Wellington Management increased its Terreno Realty stake by 6% in the second quarter, purchasing 46,960 shares and bringing its holdings to 824,485 shares, worth approximately $53.4 million.
• Analysts maintain a generally positive outlook, with Terreno carrying a “Moderate Buy” consensus rating and an average price target of $73.29. Recent targets range from $60 to $91.
• Terreno reported quarterly EPS of $0.54, exceeding estimates of $0.41, and raised its quarterly dividend from $0.52 to $0.57 per share, equivalent to a 3.5% annualized yield.

Wellington Management Group LLP increased its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 824,485 shares of the real estate investment trust's stock after buying an additional 46,960 shares during the quarter. Wellington Management Group LLP owned 0.76% of Terreno Realty worth $53,402,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of Terreno Realty by 90.2% during the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 378 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust's stock worth $29,000 after buying an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 189 shares in the last quarter. First Trust Advisors LP raised its position in shares of Terreno Realty by 78.9% during the 2nd quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust's stock valued at $2,942,000 after buying an additional 23,135 shares in the last quarter. Finally, Amundi increased its position in shares of Terreno Realty by 18.6% during the 2nd quarter. Amundi now owns 67,020 shares of the real estate investment trust's stock valued at $3,799,000 after purchasing an additional 10,525 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $69.00 price target on Terreno Realty in a report on Friday, May 8th. Citigroup lifted their price target on Terreno Realty from $70.00 to $73.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. UBS Group set a $68.00 price target on shares of Terreno Realty in a research report on Thursday, June 18th. Piper Sandler upped their price objective on Terreno Realty from $79.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Finally, Mizuho boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $73.29.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $65.49 on Friday. Terreno Realty Corporation has a 52-week low of $55.92 and a 52-week high of $78.94. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $69.31 and its 200 day moving average price is $66.34. The stock has a market capitalization of $7.14 billion, a PE ratio of 17.56 and a beta of 1.02.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $124.71 million for the quarter, compared to analyst estimates of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. As a group, equities research analysts forecast that Terreno Realty Corporation will post 2.83 EPS for the current year.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Terreno Realty's previous quarterly dividend of $0.52. Terreno Realty's dividend payout ratio is currently 55.76%.

Insider Activity at Terreno Realty

In other Terreno Realty news, EVP John Meyer sold 4,447 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total value of $305,242.08. Following the sale, the executive vice president directly owned 131,825 shares in the company, valued at approximately $9,048,468. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael A. Coke sold 8,000 shares of Terreno Realty stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $68.38, for a total value of $547,040.00. Following the sale, the president directly owned 425,381 shares in the company, valued at approximately $29,087,552.78. This trade represents a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company's stock.

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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