Marshall Wace North America L.P. bought a new stake in shares of Terreno Realty Corporation (NYSE:TRNO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 15,867 shares of the real estate investment trust’s stock, valued at approximately $539,000.
A number of other institutional investors and hedge funds have also modified their holdings of TRNO. Daiwa Securities Group Inc. boosted its stake in Terreno Realty Corporation by 37.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 1,000 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Terreno Realty Corporation during the 1st quarter valued at $109,000. ProShare Advisors LLC boosted its stake in Terreno Realty Corporation by 2,018.8% during the 1st quarter. ProShare Advisors LLC now owns 153,803 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 146,544 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Terreno Realty Corporation by 11.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 6,600 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 700 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Terreno Realty Corporation during the 2nd quarter valued at $198,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
Terreno Realty Corporation (TRNO) opened at 36.58 on Wednesday. The stock’s 50 day moving average price is $35.22 and its 200 day moving average price is $31.94. Terreno Realty Corporation has a 12-month low of $24.81 and a 12-month high of $37.40. The company has a market capitalization of $1.90 billion, a PE ratio of 77.17 and a beta of 0.82.
Terreno Realty Corporation (NYSE:TRNO) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. The firm had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $31.72 million. On average, equities analysts anticipate that Terreno Realty Corporation will post $0.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. This is a positive change from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.41%. The ex-dividend date is Thursday, October 5th. Terreno Realty Corporation’s payout ratio is currently 173.91%.
TRNO has been the topic of several recent analyst reports. National Securities increased their target price on Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 21st. Stifel Nicolaus reiterated a “buy” rating and set a $37.00 target price (up from $34.50) on shares of Terreno Realty Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 target price (up from $29.00) on shares of Terreno Realty Corporation in a research note on Friday, June 23rd. Finally, KeyCorp reiterated a “buy” rating on shares of Terreno Realty Corporation in a research note on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $32.71.
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Terreno Realty Corporation Company Profile
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
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