During the third quarter, the company Trust Financial Corp. increased its holdings in Terreno Realty Co. (NYSE: TRNO) by 289.2%, as stated in the most recent 13F filing that the company submitted to the Securities and Exchange Commission. During the quarter, the company’s holdings in the real estate investment trust increased by 31,330 shares, bringing the total number of shares it currently possesses in the REIT to 42,163. As of the end of the most recent financial quarter, Trust Financial Corp. held 0.06% of the total number of shares issued by Terreno Realty, which resulted in the company’s holding a stake in Terreno Realty worth a total of $2,235,000.
Alterations have been made to the stock holdings of other investors, including individual investors, institutional investors, and hedge funds, among others. The $38,000 was paid out of pocket by Wipfli Financial Advisors LLC during the third quarter to purchase an additional stake in Terreno Realty. During the third quarter, the Emerald Mutual Fund Advisers Trust’s portfolio gained an investment in Terreno Realty with a value of $4,562,000 thanks to the addition of this holding. Emerald Advisers LLC paid $6,798,000 to Terreno Realty during the third quarter to purchase a new interest in the company. Raymond James & Associates increased the percentage of ownership it held in Terreno Realty by 19.0% during the third quarter. Raymond James & Associates is now the owner of 147,161 shares of the real estate investment trust, which are currently valued at $7,798,000 thanks to the company’s purchase of an additional 23,481 shares during the relevant period. And as a final point of interest, Sage Rhino Capital LLC increased its holdings in Terreno Realty by 0.9% during the third quarter. As a result of the purchase of an additional 207 shares during the most recent quarter, Sage Rhino Capital LLC is now the owner of 23,794 shares of the real estate investment trust, resulting in a total value of $1,261,000 for the company. Institutional investors and hedge funds control a combined total of 98.53% of the company’s current shares.
On Monday, the New York Stock Exchange’s (NYSE) TRNO opened for trading for $62.73. The price of the company is currently trading at a level that is $57.80 higher than its 50-day simple moving average and at a level that is $58.20 higher than its 200-day simple moving average. This particular company’s market capitalization is $4.77 billion, its price-to-earnings ratio is 27.63, and its beta coefficient is 0.79. Over the past year, the share price of Terreno Realty Company has ranged from a 52-week low of $50.36 to a 52-week high of $81.11 at various points. All three ratios, the quick ratio, the current ratio, and the debt-to-equity ratio, have the same value of 0.38. There is no difference between these three.
On November 2, the most recent quarterly earnings report made public for Terreno Realty, which is traded on the NYSE under the symbol “TRNO,” was made available to the public. Most financial analysts polled predicted that the REIT would earn $0.50 per share for the quarter, but the actual earnings were only $0.29 per share for the business. The company’s revenue for the quarter was $70.80 million, which is considerably higher than the consensus estimate of $66.95 million that was used. Terreno Realty had a return on equity of 8.14 percent, while the company’s net margin came in at 65.44 percent. The analysts who follow the equity markets anticipate that Terreno Realty Com.