SG Americas Securities LLC grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 117.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,416 shares of the real estate investment trust’s stock after acquiring an additional 14,247 shares during the quarter. SG Americas Securities LLC’s holdings in Terreno Realty were worth $995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TRNO. Suffolk Capital Management LLC lifted its position in Terreno Realty by 6.4% in the 2nd quarter. Suffolk Capital Management LLC now owns 23,725 shares of the real estate investment trust’s stock worth $894,000 after buying an additional 1,420 shares during the last quarter. Aperio Group LLC lifted its position in Terreno Realty by 13.3% in the 1st quarter. Aperio Group LLC now owns 12,338 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 1,447 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Terreno Realty by 1.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 147,620 shares of the real estate investment trust’s stock worth $5,094,000 after buying an additional 1,454 shares during the last quarter. Granite Investment Partners LLC lifted its position in Terreno Realty by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 364,366 shares of the real estate investment trust’s stock worth $13,726,000 after buying an additional 1,756 shares during the last quarter. Finally, Barclays PLC lifted its position in Terreno Realty by 22.3% in the 1st quarter. Barclays PLC now owns 11,377 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 2,072 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Shares of Terreno Realty stock opened at $37.44 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 2.93 and a beta of 0.71. Terreno Realty Co. has a one year low of $31.56 and a one year high of $39.26.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be paid a $0.24 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, October 4th. Terreno Realty’s payout ratio is 80.73%.

In related news, Director Gabriela Franco Parcella purchased 5,500 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were acquired at an average cost of $37.97 per share, with a total value of $208,835.00. Following the purchase, the director now directly owns 7,914 shares of the company’s stock, valued at $300,494.58. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is owned by insiders.

TRNO has been the subject of a number of recent research reports. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Saturday, May 19th. KeyCorp lifted their price target on Terreno Realty from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Terreno Realty presently has an average rating of “Buy” and a consensus price target of $38.91.

Terreno Realty Profile

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

Further Reading: Return on Investment (ROI)

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

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