Perpetual Ltd Grows Holdings in Terreno Realty Co. (TRNO)

Perpetual Ltd raised its position in Terreno Realty Co. (NYSE:TRNO) by 10.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 62,709 shares of the real estate investment trust’s stock after buying an additional 5,800 shares during the quarter. Perpetual Ltd’s holdings in Terreno Realty were worth $2,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc raised its stake in shares of Terreno Realty by 133.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,000 shares in the last quarter. Eii Capital Management Inc. bought a new stake in shares of Terreno Realty during the 2nd quarter worth approximately $188,000. Paloma Partners Management Co bought a new stake in Terreno Realty in the 2nd quarter valued at $227,000. Orinda Asset Management LLC bought a new stake in Terreno Realty in the 2nd quarter valued at $245,000. Finally, First Quadrant L P CA bought a new stake in Terreno Realty in the 3rd quarter valued at $247,000. Hedge funds and other institutional investors own 99.44% of the company’s stock.

TRNO has been the topic of a number of research analyst reports. KeyCorp increased their price target on Terreno Realty from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Zacks Investment Research upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. JMP Securities restated a “hold” rating on shares of Terreno Realty in a research note on Tuesday, October 16th. Finally, Mizuho began coverage on Terreno Realty in a report on Wednesday, October 3rd. They issued a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $39.50.



Shares of NYSE TRNO opened at $37.78 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.42. Terreno Realty Co. has a one year low of $31.56 and a one year high of $39.26. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 2.86 and a beta of 0.73.

Terreno Realty (NYSE:TRNO) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $37.24 million for the quarter. Terreno Realty had a return on equity of 5.72% and a net margin of 42.08%. Equities analysts forecast that Terreno Realty Co. will post 1.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Friday, October 5th were issued a dividend of $0.24 per share. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, October 4th. Terreno Realty’s dividend payout ratio is 88.07%.

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: Does the discount rate affect the economy?

Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Co. (NYSE:TRNO).

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

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply