WINTON GROUP Ltd bought a new position in shares of Terreno Realty Co. (NYSE:TRNO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 70,931 shares of the real estate investment trust’s stock, valued at approximately $2,448,000. WINTON GROUP Ltd owned 0.13% of Terreno Realty at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Terreno Realty by 5.2% during the 4th quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock worth $223,293,000 after acquiring an additional 312,221 shares during the period. Schroder Investment Management Group increased its stake in Terreno Realty by 31.9% during the 1st quarter. Schroder Investment Management Group now owns 2,054,124 shares of the real estate investment trust’s stock worth $70,888,000 after acquiring an additional 496,655 shares during the period. Uniplan Investment Counsel Inc. increased its stake in 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 worth $45,402,000 after acquiring an additional 3,972 shares during the period. Principal Financial Group Inc. increased its stake in 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 worth $41,482,000 after acquiring an additional 173,521 shares during the period. Finally, Northern Trust Corp increased its stake in Terreno Realty by 6.1% during the 1st quarter. Northern Trust Corp now owns 1,029,832 shares of the real estate investment trust’s stock worth $35,539,000 after acquiring an additional 59,289 shares during the period. Institutional investors own 98.58% of the company’s stock.
Shares of Terreno Realty opened at $37.53 on Monday, according to MarketBeat.com. Terreno Realty Co. has a 52-week low of $31.56 and a 52-week high of $39.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market capitalization of $2.10 billion, a PE ratio of 33.21, a price-to-earnings-growth ratio of 2.93 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, July 6th will be paid a $0.22 dividend. The ex-dividend date is Thursday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.34%. Terreno Realty’s payout ratio is 80.73%.
In other Terreno Realty news, Director Gabriela Franco Parcella purchased 5,500 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were bought at an average price of $37.97 per share, for a total transaction of $208,835.00. Following the purchase, the director now owns 7,914 shares in the company, valued at approximately $300,494.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.
A number of equities analysts have commented on TRNO shares. National Securities restated a “buy” rating and set a $45.00 price objective on shares of Terreno Realty in a research note on Tuesday, March 6th. ValuEngine upgraded Terreno Realty from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Compass Point upgraded Terreno Realty from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 18th. DA Davidson set a $50.00 price objective on Terreno Realty and gave the stock a “buy” rating in a research note on Friday, May 4th. Finally, Zacks Investment Research upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research note on Saturday, May 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $38.82.
Terreno Realty Company 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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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