Citadel Advisors LLC Purchases 47,955 Shares of Terreno Realty Corporation (TRNO)
Citadel Advisors LLC lifted its position in Terreno Realty Corporation (NYSE:TRNO) by 77.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,656 shares of the real estate investment trust’s stock after buying an additional 47,955 shares during the quarter. Citadel Advisors LLC owned about 0.20% of Terreno Realty worth $3,967,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TRNO. BlackRock Inc. boosted its position in Terreno Realty by 32.9% during the second quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock worth $186,359,000 after purchasing an additional 1,370,672 shares during the period. Oak Ridge Investments LLC bought a new stake in Terreno Realty during the third quarter worth approximately $21,556,000. Renaissance Technologies LLC bought a new stake in Terreno Realty during the second quarter worth approximately $14,854,000. Granite Investment Partners LLC bought a new stake in Terreno Realty during the second quarter worth approximately $12,408,000. Finally, AJO LP bought a new stake in Terreno Realty during the second quarter worth approximately $12,257,000. 98.85% of the stock is owned by institutional investors and hedge funds.
Terreno Realty Corporation (TRNO) traded down $0.18 on Friday, hitting $37.42. The stock had a trading volume of 321,659 shares, compared to its average volume of 301,454. Terreno Realty Corporation has a 12 month low of $26.30 and a 12 month high of $38.54. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2,051.14, a PE ratio of 36.51, a price-to-earnings-growth ratio of 3.41 and a beta of 0.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.35%. Terreno Realty’s dividend payout ratio is 114.29%.
A number of equities research analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 target price (up previously from $34.50) on shares of Terreno Realty in a research report on Wednesday, August 9th. B. Riley reaffirmed a “neutral” rating on shares of Terreno Realty in a research report on Friday, November 3rd. Zacks Investment Research cut Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Jefferies Group reaffirmed a “hold” rating and set a $34.00 target price on shares of Terreno Realty in a research report on Tuesday, October 3rd. Finally, FBR & Co reaffirmed a “neutral” rating and set a $39.00 target price on shares of Terreno Realty in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Terreno Realty has a consensus rating of “Hold” and a consensus price target of $37.50.
Terreno Realty 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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