Daiwa Securities Group Inc. increased its holdings in Terreno Realty Co. (NYSE:TRNO) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,000 shares of the real estate investment trust’s stock after acquiring an additional 600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Terreno Realty were worth $317,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in TRNO. JPMorgan Chase & Co. lifted its position in shares of Terreno Realty by 479.3% during 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 buying an additional 1,342,083 shares during the last quarter. Resolution Capital Ltd raised its position in shares of Terreno Realty by 40.9% in the 4th quarter. Resolution Capital Ltd now owns 1,990,286 shares of the real estate investment trust’s stock valued at $69,998,000 after purchasing an additional 577,333 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Terreno Realty in the 3rd quarter valued at approximately $17,767,000. FMR LLC raised its position in shares of Terreno Realty by 12.2% in the 2nd quarter. FMR LLC now owns 4,290,117 shares of the real estate investment trust’s stock valued at $161,608,000 after purchasing an additional 465,641 shares during the last quarter. Finally, Vanguard Group Inc raised its position in shares of Terreno Realty by 4.2% in the 3rd quarter. Vanguard Group Inc now owns 8,106,157 shares of the real estate investment trust’s stock valued at $305,602,000 after purchasing an additional 330,152 shares during the last quarter.
In other Terreno Realty news, Director David M. Lee purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were bought at an average price of $42.04 per share, for a total transaction of $210,200.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $210,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by corporate insiders.
Shares of NYSE:TRNO opened at $41.02 on Thursday. Terreno Realty Co. has a twelve month low of $32.76 and a twelve month high of $42.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $2.51 billion, a P/E ratio of 36.38, a price-to-earnings-growth ratio of 3.45 and a beta of 0.86.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.24 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.96 annualized dividend and a yield of 2.34%. Terreno Realty’s dividend payout ratio (DPR) is presently 88.07%.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. ValuEngine raised shares of Terreno Realty from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.75.
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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
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