Terreno Realty Co. (TRNO) Position Lifted by Vident Investment Advisory LLC

Vident Investment Advisory LLC boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 241.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,001 shares of the real estate investment trust’s stock after buying an additional 33,238 shares during the period. Vident Investment Advisory LLC’s holdings in Terreno Realty were worth $1,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Eagle Asset Management Inc. increased its holdings in shares of Terreno Realty by 56.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 229,758 shares of the real estate investment trust’s stock valued at $8,654,000 after acquiring an additional 83,118 shares during the last quarter. Standard Life Aberdeen plc acquired a new position in shares of Terreno Realty during the 2nd quarter valued at about $1,923,000. Heitman Real Estate Securities LLC increased its holdings in shares of Terreno Realty by 24.0% during the 2nd quarter. Heitman Real Estate Securities LLC now owns 498,000 shares of the real estate investment trust’s stock valued at $21,482,000 after acquiring an additional 96,258 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Terreno Realty by 16.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,202,060 shares of the real estate investment trust’s stock valued at $41,482,000 after acquiring an additional 173,521 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. increased its holdings in shares of Terreno Realty by 0.3% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 1,313,726 shares of the real estate investment trust’s stock valued at $45,402,000 after acquiring an additional 3,972 shares during the last quarter. 99.22% of the stock is currently owned by institutional investors.

Shares of TRNO stock opened at $37.33 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $2.18 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.91 and a beta of 0.71. Terreno Realty Co. has a 1 year low of $31.56 and a 1 year high of $39.26.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be paid a $0.24 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, October 4th. Terreno Realty’s payout ratio is 80.73%.

A number of research analysts have recently commented on TRNO shares. KeyCorp increased their price objective on Terreno Realty from $39.00 to $40.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research raised Terreno Realty from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.91.

About Terreno Realty

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

Further Reading: What are the Benefits of Index Funds?

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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