Cubist Systematic Strategies LLC acquired a new position in shares of Terreno Realty Corporation (NYSE:TRNO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,908 shares of the real estate investment trust’s stock, valued at approximately $1,552,000. Cubist Systematic Strategies LLC owned about 0.08% of Terreno Realty at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRNO. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Terreno Realty by 17.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 500 shares during the last quarter. GAM Holding AG boosted its holdings in shares of Terreno Realty by 7.6% in the 2nd quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 300 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Terreno Realty by 16.2% in 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 last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Terreno Realty by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 398 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Terreno Realty by 67.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,680 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

TRNO has been the topic of a number of research analyst reports. BTIG Research reissued a “buy” rating and issued a $39.00 price target (up from $35.00) on shares of Terreno Realty in a report on Wednesday, September 27th. FBR & Co reissued a “neutral” rating and issued a $39.00 price target on shares of Terreno Realty in a report on Tuesday, October 3rd. Jefferies Group reissued a “hold” rating and issued a $34.00 price target on shares of Terreno Realty in a report on Tuesday, October 3rd. National Securities boosted their price target on shares of Terreno Realty from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $41.00 price target (up from $37.00) on shares of Terreno Realty in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Terreno Realty presently has an average rating of “Hold” and a consensus target price of $37.50.

Shares of Terreno Realty Corporation (NYSE:TRNO) opened at $37.22 on Friday. The company has a market cap of $2,030.00, a PE ratio of 35.70, a price-to-earnings-growth ratio of 3.33 and a beta of 0.79. Terreno Realty Corporation has a fifty-two week low of $26.30 and a fifty-two week high of $38.54. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 28th. Terreno Realty’s dividend payout ratio (DPR) is presently 114.29%.

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About Terreno Realty

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 (NYSE:TRNO)

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