Millennium Management LLC reduced its position in shares of Terreno Realty Co. (NYSE:TRNO) by 67.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,158 shares of the real estate investment trust’s stock after selling 245,316 shares during the quarter. Millennium Management LLC’s holdings in Terreno Realty were worth $4,226,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its stake in shares of Terreno Realty by 13.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 559,571 shares of the real estate investment trust’s stock valued at $19,680,000 after purchasing an additional 67,283 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Terreno Realty by 208.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 22,333 shares of the real estate investment trust’s stock valued at $785,000 after purchasing an additional 15,088 shares in the last quarter. Brinker Capital Inc. purchased a new position in shares of Terreno Realty in the 4th quarter valued at about $219,000. Geode Capital Management LLC increased its stake in shares of Terreno Realty by 14.6% in the 4th quarter. Geode Capital Management LLC now owns 616,792 shares of the real estate investment trust’s stock valued at $21,692,000 after purchasing an additional 78,547 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Terreno Realty by 3.7% in the 4th quarter. California State Teachers Retirement System now owns 90,995 shares of the real estate investment trust’s stock valued at $3,200,000 after purchasing an additional 3,207 shares in the last quarter. Institutional investors own 99.64% of the company’s stock.
Shares of Terreno Realty stock opened at $42.90 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.38. Terreno Realty Co. has a twelve month low of $33.52 and a twelve month high of $44.20. The stock has a market capitalization of $2.74 billion, a P/E ratio of 39.36, a price-to-earnings-growth ratio of 3.58 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.24 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.24%. Terreno Realty’s dividend payout ratio is presently 88.07%.
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 stock was purchased at an average price of $42.04 per share, for a total transaction of $210,200.00. Following the purchase, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is owned by insiders.
Separately, Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Thursday, December 20th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $42.75.
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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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