Stephens Inc. AR lowered its stake in Terreno Realty Corporation (NYSE:TRNO) by 12.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 85,408 shares of the real estate investment trust’s stock after selling 11,946 shares during the quarter. Stephens Inc. AR owned 0.16% of Terreno Realty Corporation worth $2,875,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in TRNO. Bank of Montreal Can lifted its holdings in Terreno Realty Corporation by 170.9% in the 1st quarter. Bank of Montreal Can now owns 9,290 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 5,861 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Terreno Realty Corporation by 2,018.8% in the 1st quarter. ProShare Advisors LLC now owns 153,803 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 146,544 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Terreno Realty Corporation by 37.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 1,000 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Terreno Realty Corporation by 11.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 6,600 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 700 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Terreno Realty Corporation by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 337,853 shares of the real estate investment trust’s stock valued at $9,460,000 after purchasing an additional 24,780 shares in the last quarter. 97.89% of the stock is currently owned by hedge funds and other institutional investors.

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TRNO has been the topic of a number of research reports. National Securities raised their price objective on Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price objective (up previously from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday, August 9th. BidaskClub upgraded Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Terreno Realty Corporation in a report on Friday, June 23rd. Finally, KeyCorp restated a “buy” rating on shares of Terreno Realty Corporation in a report on Wednesday, September 6th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.71.

Terreno Realty Corporation (NYSE:TRNO) remained flat at $36.58 on Wednesday. The company’s stock had a trading volume of 20,700 shares. The stock has a market capitalization of $1.90 billion, a PE ratio of 77.17 and a beta of 0.82. The firm’s 50 day moving average is $35.22 and its 200 day moving average is $31.94. Terreno Realty Corporation has a 1-year low of $24.81 and a 1-year high of $37.40.

Terreno Realty Corporation (NYSE:TRNO) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $32.78 million during the quarter, compared to analyst estimates of $31.72 million. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. On average, equities analysts expect that Terreno Realty Corporation will post $0.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. This is a positive change from Terreno Realty Corporation’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 2.41%. Terreno Realty Corporation’s dividend payout ratio is 173.91%.

Terreno Realty Corporation Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

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

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