Federated Investors Inc. PA Buys New Holdings in Terreno Realty Corporation (TRNO)
Federated Investors Inc. PA bought a new position in shares of Terreno Realty Corporation (NYSE:TRNO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,400 shares of the real estate investment trust’s stock, valued at approximately $182,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in TRNO. Ameritas Investment Partners Inc. acquired a new position in Terreno Realty Corporation during the 1st quarter worth about $109,000. Daiwa Securities Group Inc. lifted its holdings in Terreno Realty Corporation by 16.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 600 shares during the period. ProShare Advisors LLC lifted its holdings in Terreno Realty Corporation by 2,018.8% during the 1st quarter. ProShare Advisors LLC now owns 153,803 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 146,544 shares during the period. SG Americas Securities LLC acquired a new position in Terreno Realty Corporation during the 2nd quarter worth about $198,000. Finally, Spirit of America Management Corp NY lifted its holdings in Terreno Realty Corporation by 17.6% during the 2nd quarter. Spirit of America Management Corp NY now owns 6,675 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,000 shares during the period. 97.86% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. KeyCorp reaffirmed a “buy” rating on shares of Terreno Realty Corporation in a report on Wednesday, September 6th. National Securities lifted their target price on Terreno Realty Corporation from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. BidaskClub raised Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 target price (up from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $35.00 price objective (up from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $32.71.
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Terreno Realty Corporation (TRNO) opened at 36.35 on Monday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 76.69 and a beta of 0.82. Terreno Realty Corporation has a 52-week low of $24.81 and a 52-week high of $37.40. The stock has a 50 day moving average price of $35.65 and a 200 day moving average price of $32.34.
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 Zacks’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $32.78 million for the quarter, compared to analysts’ expectations of $31.72 million. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. Equities research analysts forecast that Terreno Realty Corporation will post $0.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This is a positive change from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, October 5th. Terreno Realty Corporation’s dividend payout ratio is currently 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.
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