Stephens Inc. AR Cuts Stock Position in Terreno Realty Co. (NYSE:TRNO)

Stephens Inc. AR lowered its holdings in Terreno Realty Co. (NYSE:TRNO) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,222 shares of the real estate investment trust’s stock after selling 949 shares during the period. Stephens Inc. AR’s holdings in Terreno Realty were worth $2,757,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TRNO. Norges Bank purchased a new position in Terreno Realty in the fourth quarter worth $26,019,000. Principal Financial Group Inc. boosted its position in Terreno Realty by 34.0% in the first quarter. Principal Financial Group Inc. now owns 1,702,479 shares of the real estate investment trust’s stock worth $71,572,000 after purchasing an additional 432,198 shares during the last quarter. Resolution Capital Ltd boosted its position in Terreno Realty by 19.4% in the second quarter. Resolution Capital Ltd now owns 2,295,083 shares of the real estate investment trust’s stock worth $112,551,000 after purchasing an additional 372,881 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Terreno Realty by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 2,335,127 shares of the real estate investment trust’s stock worth $98,169,000 after purchasing an additional 237,748 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Terreno Realty by 14.6% in the fourth quarter. Geode Capital Management LLC now owns 616,792 shares of the real estate investment trust’s stock worth $21,692,000 after purchasing an additional 78,547 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE TRNO traded up $0.73 during trading on Friday, reaching $50.77. 242,800 shares of the stock traded hands, compared to its average volume of 328,399. Terreno Realty Co. has a 52-week low of $33.52 and a 52-week high of $50.99. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $49.42 and a 200-day moving average of $45.09.



The company also recently declared 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 represents a $1.08 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a boost from Terreno Realty’s previous quarterly dividend of $0.24.

Several research analysts have weighed in on TRNO shares. Goldman Sachs Group started coverage on Terreno Realty in a research report on Wednesday, May 15th. They issued a “buy” rating and a $49.00 price objective on the stock. ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Mitsubishi UFJ Financial Group upped their price target on Terreno Realty to $45.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, KeyCorp upped their price target on Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.25.

About Terreno Realty

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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