Macquarie Group Ltd. boosted its position in shares of Terreno Realty Co. (NYSE:TRNO) by 25.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,500 shares of the real estate investment trust’s stock after buying an additional 6,700 shares during the quarter. Macquarie Group Ltd. owned 0.06% of Terreno Realty worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Trust Advisors LP raised its stake in shares of Terreno Realty by 12.8% in the second quarter. First Trust Advisors LP now owns 30,789 shares of the real estate investment trust’s stock valued at $1,160,000 after acquiring an additional 3,499 shares during the last quarter. Sei Investments Co. raised its stake in shares of Terreno Realty by 34.8% in the second quarter. Sei Investments Co. now owns 16,548 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 4,269 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Terreno Realty by 8.0% in the second quarter. Rhumbline Advisers now owns 65,672 shares of the real estate investment trust’s stock valued at $2,474,000 after acquiring an additional 4,872 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Terreno Realty by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 448,412 shares of the real estate investment trust’s stock valued at $16,892,000 after acquiring an additional 5,197 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Terreno Realty by 10.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 289,426 shares of the real estate investment trust’s stock valued at $10,903,000 after acquiring an additional 27,461 shares during the last quarter. 99.81% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on TRNO. JMP Securities reiterated a “hold” rating on shares of Terreno Realty in a research note on Tuesday, October 16th. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, November 23rd. ValuEngine upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Finally, Mizuho began coverage on shares of Terreno Realty in a research note on Wednesday, October 3rd. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.50.
TRNO opened at $36.55 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.16 and a quick ratio of 0.16. Terreno Realty Co. has a 52 week low of $31.56 and a 52 week high of $39.62. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.51 and a beta of 0.78.
Terreno Realty (NYSE:TRNO) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Terreno Realty had a net margin of 34.83% and a return on equity of 4.68%. The firm had revenue of $37.90 million during the quarter, compared to analyst estimates of $37.68 million. Equities analysts expect that Terreno Realty Co. will post 1.32 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Tuesday, December 18th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, December 17th. Terreno Realty’s dividend payout ratio (DPR) is 88.07%.
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Terreno Realty Company Profile
Terreno Realty Corporation 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
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