Norges Bank Takes $26.02 Million Position in Terreno Realty Co. (TRNO)

Norges Bank purchased a new stake in Terreno Realty Co. (NYSE:TRNO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 739,810 shares of the real estate investment trust’s stock, valued at approximately $26,019,000. Norges Bank owned about 1.21% of Terreno Realty as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Terreno Realty by 479.3% in the third quarter. JPMorgan Chase & Co. now owns 1,622,069 shares of the real estate investment trust’s stock valued at $61,152,000 after acquiring an additional 1,342,083 shares during the period. Channing Capital Management LLC acquired a new stake in shares of Terreno Realty in the fourth quarter valued at approximately $42,256,000. Resolution Capital Ltd boosted its holdings in shares of Terreno Realty by 40.9% in the fourth quarter. Resolution Capital Ltd now owns 1,990,286 shares of the real estate investment trust’s stock valued at $69,998,000 after acquiring an additional 577,333 shares during the period. Marshall Wace LLP acquired a new stake in shares of Terreno Realty in the third quarter valued at approximately $17,767,000. Finally, Vanguard Group Inc boosted its holdings in shares of Terreno Realty by 4.2% in the third quarter. Vanguard Group Inc now owns 8,106,157 shares of the real estate investment trust’s stock valued at $305,602,000 after acquiring an additional 330,152 shares during the period. Institutional investors own 99.64% of the company’s stock.

TRNO stock opened at $43.18 on Friday. The company has a market capitalization of $2.69 billion, a PE ratio of 39.61, a PEG ratio of 3.55 and a beta of 0.83. Terreno Realty Co. has a twelve month low of $33.52 and a twelve month high of $44.20. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 1.25.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 28th. Terreno Realty’s dividend payout ratio is presently 88.07%.

In related news, Director David M. Lee purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The stock was purchased at an average cost of $42.04 per share, with a total value of $210,200.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $210,200. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

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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

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

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