Russell Investments Group Ltd. lifted its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 49,954 shares of the real estate investment trust’s stock after buying an additional 3,000 shares during the period. Russell Investments Group Ltd. owned 0.09% of Terreno Realty worth $1,808,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in shares of Terreno Realty in the second quarter worth $4,795,000. Fox Run Management L.L.C. acquired a new stake in shares of Terreno Realty in the third quarter worth $271,000. Schwab Charles Investment Management Inc. increased its position in shares of Terreno Realty by 9.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 207,105 shares of the real estate investment trust’s stock worth $6,972,000 after acquiring an additional 18,360 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Terreno Realty by 46.3% in the second quarter. TIAA CREF Investment Management LLC now owns 293,020 shares of the real estate investment trust’s stock worth $9,863,000 after acquiring an additional 92,750 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Terreno Realty by 32.9% in the second quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock worth $186,359,000 after acquiring an additional 1,370,672 shares in the last quarter. 98.74% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on TRNO. BTIG Research reaffirmed a “buy” rating and set a $39.00 price target (up from $35.00) on shares of Terreno Realty in a report on Wednesday, September 27th. FBR & Co reaffirmed a “neutral” rating and set a $39.00 price target on shares of Terreno Realty in a report on Tuesday, October 3rd. Jefferies Group reiterated a “hold” rating and set a $34.00 price objective on shares of Terreno Realty in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, B. Riley reiterated a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Terreno Realty currently has an average rating of “Hold” and a consensus price target of $37.50.
Shares of Terreno Realty Corporation (NYSE:TRNO) opened at $35.06 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87. Terreno Realty Corporation has a twelve month low of $26.30 and a twelve month high of $38.54. The firm has a market cap of $1,912.58, a PE ratio of 45.53, a P/E/G ratio of 3.18 and a beta of 0.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.51%. Terreno Realty’s payout ratio is 114.29%.
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Terreno Realty 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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