UBS Oconnor LLC Buys 29,000 Shares of Terreno Realty Co. (NYSE:TRNO)

UBS Oconnor LLC raised its holdings in Terreno Realty Co. (NYSE:TRNO) by 17.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 199,400 shares of the real estate investment trust’s stock after purchasing an additional 29,000 shares during the period. UBS Oconnor LLC’s holdings in Terreno Realty were worth $9,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Eii Capital Management Inc. increased its holdings in Terreno Realty by 3.0% in the 2nd quarter. Eii Capital Management Inc. now owns 8,030 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 233 shares during the period. Assetmark Inc. increased its holdings in Terreno Realty by 8.9% in the 2nd quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 330 shares during the period. Marshall Wace North America L.P. increased its holdings in Terreno Realty by 50.1% in the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 774 shares during the period. California State Teachers Retirement System increased its holdings in Terreno Realty by 1.1% in the 1st quarter. California State Teachers Retirement System now owns 92,000 shares of the real estate investment trust’s stock valued at $3,868,000 after buying an additional 1,005 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in Terreno Realty by 11.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 1,100 shares during the period.

Shares of NYSE:TRNO traded up $0.34 on Thursday, hitting $50.76. The stock had a trading volume of 15,821 shares, compared to its average volume of 286,005. Terreno Realty Co. has a twelve month low of $33.52 and a twelve month high of $51.47. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average price is $50.09 and its 200-day moving average price is $46.54.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.18). Terreno Realty had a net margin of 36.83% and a return on equity of 4.55%. The firm had revenue of $41.73 million during the quarter, compared to analyst estimates of $41.53 million. Equities research analysts predict that Terreno Realty Co. will post 1.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, October 3rd. This is an increase from Terreno Realty’s previous quarterly dividend of $0.24.

TRNO has been the topic of several analyst reports. ValuEngine lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, KeyCorp boosted their target price on shares of Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Terreno Realty currently has an average rating of “Hold” and an average price target of $49.25.

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

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