Asset Management One Co. Ltd. Grows Position in Terreno Realty Co. (NYSE:TRNO)

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Asset Management One Co. Ltd. increased its stake in Terreno Realty Co. (NYSE:TRNO) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,745 shares of the real estate investment trust’s stock after acquiring an additional 15,115 shares during the period. Asset Management One Co. Ltd. owned approximately 0.29% of Terreno Realty worth $9,453,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Eii Capital Management Inc. grew its stake in Terreno Realty by 3.0% in the 2nd quarter. Eii Capital Management Inc. now owns 8,030 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 233 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Terreno Realty by 50.1% during the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 774 shares during the period. California State Teachers Retirement System lifted its holdings in Terreno Realty by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 92,000 shares of the real estate investment trust’s stock valued at $3,868,000 after purchasing an additional 1,005 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Terreno Realty by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the real estate investment trust’s stock worth $525,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Terreno Realty by 12.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,825 shares of the real estate investment trust’s stock worth $629,000 after acquiring an additional 1,428 shares during the last quarter.

Several brokerages have recently commented on TRNO. ValuEngine cut shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, KeyCorp upped their price target on shares of Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.25.

NYSE:TRNO traded up $0.13 on Friday, reaching $52.78. 348,750 shares of the stock traded hands, compared to its average volume of 304,070. The company’s 50 day moving average is $50.92 and its 200-day moving average is $47.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.96 and a current ratio of 4.96. Terreno Realty Co. has a 1-year low of $33.52 and a 1-year high of $53.07.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). The firm had revenue of $41.73 million for the quarter, compared to analyst estimates of $41.53 million. Terreno Realty had a net margin of 36.83% and a return on equity of 4.55%. Research analysts anticipate that Terreno Realty Co. will post 1.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $0.27 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, October 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.05%.

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

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

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