Versor Investments LP Takes Position in Terreno Realty Co. (NYSE:TRNO)

Versor Investments LP acquired a new stake in shares of Terreno Realty Co. (NYSE:TRNOFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,722 shares of the real estate investment trust’s stock, valued at approximately $325,000.

Other hedge funds have also recently modified their holdings of the company. Citigroup Inc. increased its holdings in Terreno Realty by 122.4% in the 2nd quarter. Citigroup Inc. now owns 56,031 shares of the real estate investment trust’s stock worth $3,367,000 after buying an additional 30,838 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Terreno Realty by 2.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,690 shares of the real estate investment trust’s stock worth $883,000 after buying an additional 347 shares during the period. Portside Wealth Group LLC acquired a new position in Terreno Realty in the 2nd quarter worth approximately $2,670,000. Pinebridge Investments L.P. acquired a new position in Terreno Realty in the 2nd quarter worth approximately $49,000. Finally, Nisa Investment Advisors LLC boosted its position in Terreno Realty by 24.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 36,058 shares of the real estate investment trust’s stock worth $2,048,000 after purchasing an additional 7,000 shares in the last quarter.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, CAO Melinda Weston sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $62.06, for a total value of $93,090.00. Following the transaction, the chief accounting officer now owns 15,683 shares in the company, valued at approximately $973,286.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Terreno Realty news, Director Leroy E. Carlson sold 5,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $58.77, for a total value of $293,850.00. Following the completion of the sale, the director now directly owns 34,871 shares of the company’s stock, valued at approximately $2,049,368.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Melinda Weston sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $62.06, for a total value of $93,090.00. Following the completion of the sale, the chief accounting officer now directly owns 15,683 shares of the company’s stock, valued at $973,286.98. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on TRNO shares. Wells Fargo & Company started coverage on Terreno Realty in a research report on Thursday, December 7th. They issued an “overweight” rating and a $71.00 price objective on the stock. Mizuho lowered their price objective on Terreno Realty from $67.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 5th. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. The Goldman Sachs Group upped their price objective on Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Wedbush assumed coverage on Terreno Realty in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $60.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.63.

Get Our Latest Research Report on TRNO

Terreno Realty Trading Down 0.3 %

Shares of NYSE:TRNO opened at $60.25 on Wednesday. Terreno Realty Co. has a 1 year low of $50.42 and a 1 year high of $67.03. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 31.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.32 and a quick ratio of 1.32. The business’s 50 day moving average price is $60.85 and its 200-day moving average price is $58.75.

Terreno Realty (NYSE:TRNOGet Free Report) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.20). The firm had revenue of $82.92 million during the quarter, compared to analysts’ expectations of $80.70 million. Terreno Realty had a net margin of 48.75% and a return on equity of 5.98%. On average, equities research analysts forecast that Terreno Realty Co. will post 2.22 earnings per share for the current fiscal year.

Terreno Realty Profile

(Free Report)

Terreno Realty Corporation ("Terreno", and together with its subsidiaries, "we", "us", "our", "our Company", or "the Company") acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC We invest in several types of industrial real estate, including warehouse/distribution (approximately 76.3% of our total annualized base rent as of September 30, 2023), flex (including light industrial and research and development, or R&D) (approximately 3.8%), transshipment (approximately 6.7%) and improved land (approximately 13.2%).

Further Reading

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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