Key Points
- Insider selling: EVP John Tull Meyer sold 4,447 Terreno Realty shares for approximately $305,242, reducing his position by 3.26% while retaining 131,825 shares.
- Mixed quarterly results: Terreno reported EPS of $0.54, beating the $0.41 consensus estimate, but revenue of $124.71 million fell short of expectations.
- Dividend increase and analyst outlook: The quarterly dividend rose to $0.57 per share, implying a 3.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $71.93 versus the referenced share price near $68.36.
Terreno Realty Corporation (NYSE:TRNO - Get Free Report) EVP John Tull Meyer sold 4,447 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $68.64, for a total value of $305,242.08. Following the transaction, the executive vice president directly owned 131,825 shares in the company, valued at approximately $9,048,468. The trade was a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Terreno Realty Price Performance
TRNO opened at $68.36 on Wednesday. Terreno Realty Corporation has a one year low of $53.10 and a one year high of $78.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $7.45 billion, a P/E ratio of 18.33 and a beta of 1.03. The business's 50-day simple moving average is $68.52 and its 200-day simple moving average is $65.82.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.13. The firm had revenue of $124.71 million during the quarter, compared to analysts' expectations of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. Analysts anticipate that Terreno Realty Corporation will post 2.82 EPS for the current year.
Terreno Realty Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This is an increase from Terreno Realty's previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. Terreno Realty's dividend payout ratio is currently 55.76%.
Terreno Realty News Roundup
Here are the key news stories impacting Terreno Realty this week:
- Positive Sentiment: Expansion with immediate occupancy: Terreno acquired a Torrance, California, industrial property for $14.7 million and executed a lease covering 100% of the building beginning in December 2026. The transaction should add rental income while limiting near-term vacancy risk. Terreno Realty Torrance acquisition
- Positive Sentiment: Dividend increased: Terreno announced a quarterly dividend of $0.57 per share, up from $0.52. The new annualized payout of $2.28 represents a yield of approximately 3.3%, potentially supporting demand among income-focused investors.
- Positive Sentiment: Higher valuation target: Citigroup raised its price target from $70 to $73 while maintaining a neutral rating, implying roughly 6.8% upside from the referenced share price. The broader analyst consensus remains “Moderate Buy,” with an average target of $71.93. Citigroup raises Terreno Realty price target
- Neutral Sentiment: Recent earnings were better than expected: Terreno reported quarterly EPS of $0.54, exceeding the $0.41 consensus estimate, although revenue of $124.71 million fell short of the $127.15 million forecast. Analysts project full-year EPS of $2.82.
- Negative Sentiment: Executive selling: President Michael Coke sold 8,000 shares for approximately $547,040, reducing his stake by 1.85%. EVP John Tull Meyer separately sold 4,447 shares for about $305,242, cutting his position by 3.26%. Both executives continue to hold sizable positions, but the back-to-back sales could create modest investor concern. Terreno Realty executive stock sale filing
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on TRNO shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Terreno Realty in a report on Friday, July 31st. Barclays increased their price target on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 16th. Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $68.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 18th. UBS Group set a $68.00 price objective on shares of Terreno Realty in a research note on Thursday, June 18th. Finally, Robert W. Baird set a $69.00 target price on shares of Terreno Realty in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Terreno Realty currently has an average rating of "Moderate Buy" and a consensus target price of $71.93.
Get Our Latest Research Report on TRNO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in shares of Terreno Realty in the second quarter valued at approximately $659,000. NFJ Investment Group LLC acquired a new stake in shares of Terreno Realty during the second quarter worth $5,271,000. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Terreno Realty during the second quarter worth $1,216,000. Vise Technologies Inc. purchased a new position in Terreno Realty in the 2nd quarter valued at $531,000. Finally, NewEdge Wealth LLC purchased a new position in Terreno Realty in the 2nd quarter valued at $272,000.
Terreno Realty Company Profile
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Get Free Report)
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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