Asset Management One Co. Ltd. grew its position in Terreno Realty Co. (NYSE:TRNO) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 192,745 shares of the real estate investment trust’s stock after purchasing an additional 15,115 shares during the period. Asset Management One Co. Ltd. owned approximately 0.29% of Terreno Realty worth $9,453,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Eii Capital Management Inc. increased its stake in shares of Terreno Realty by 3.0% during the 2nd quarter. Eii Capital Management Inc. now owns 8,030 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 233 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Terreno Realty by 50.1% during the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 774 shares during the period. California State Teachers Retirement System lifted its holdings in Terreno Realty by 1.1% during 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 purchasing an additional 1,005 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Terreno Realty by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Terreno Realty by 12.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,825 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 1,428 shares in the last quarter.
Several analysts have issued reports on TRNO shares. ValuEngine lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, KeyCorp increased their target price on shares of Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Terreno Realty presently has an average rating of “Hold” and a consensus target price of $49.25.
NYSE TRNO traded up $0.13 during trading hours on Friday, reaching $52.78. The company’s stock had a trading volume of 348,750 shares, compared to its average volume of 304,070. The firm has a fifty day simple moving average of $50.92 and a 200-day simple moving average of $47.71. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.32. Terreno Realty Co. has a 52 week low of $33.52 and a 52 week high of $53.07.
Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). The firm had revenue of $41.73 million for the quarter, compared to analyst estimates of $41.53 million. Terreno Realty had a net margin of 36.83% and a return on equity of 4.55%. On average, research analysts forecast that Terreno Realty Co. will post 1.38 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $0.27 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.05%.
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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