Terreno Realty Corporation (TRNO) Position Raised by Resolution Capital Ltd
Resolution Capital Ltd raised its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,385,981 shares of the real estate investment trust’s stock after buying an additional 122,700 shares during the period. Terreno Realty Corporation makes up 1.9% of Resolution Capital Ltd’s portfolio, making the stock its 21st largest position. Resolution Capital Ltd owned 2.95% of Terreno Realty Corporation worth $38,807,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Terreno Realty Corporation by 5.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,692,456 shares of the real estate investment trust’s stock valued at $46,559,000 after buying an additional 87,701 shares in the last quarter. BlackRock Fund Advisors boosted its position in Terreno Realty Corporation by 12.9% in the third quarter. BlackRock Fund Advisors now owns 1,243,243 shares of the real estate investment trust’s stock valued at $34,202,000 after buying an additional 141,812 shares during the period. Teachers Advisors LLC boosted its position in Terreno Realty Corporation by 0.4% in the fourth quarter. Teachers Advisors LLC now owns 1,006,292 shares of the real estate investment trust’s stock valued at $28,669,000 after buying an additional 3,702 shares during the period. State Street Corp boosted its position in Terreno Realty Corporation by 11.5% in the fourth quarter. State Street Corp now owns 926,216 shares of the real estate investment trust’s stock valued at $26,387,000 after buying an additional 95,700 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Terreno Realty Corporation by 21.3% in the third quarter. Principal Financial Group Inc. now owns 827,956 shares of the real estate investment trust’s stock valued at $22,777,000 after buying an additional 145,443 shares during the period.
Shares of Terreno Realty Corporation (TRNO) opened at 32.59 on Monday. The company has a 50-day moving average price of $32.35 and a 200-day moving average price of $29.12. Terreno Realty Corporation has a 52 week low of $24.38 and a 52 week high of $34.00. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 151.58 and a beta of 0.84.
Terreno Realty Corporation (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.17. Terreno Realty Corporation had a net margin of 11.02% and a return on equity of 1.64%. The business had revenue of $31.44 million for the quarter, compared to analysts’ expectations of $30.76 million. Equities analysts anticipate that Terreno Realty Corporation will post $0.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Wednesday, July 5th.
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Several research analysts recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $29.00 price objective on shares of Terreno Realty Corporation in a research report on Monday, April 17th. Zacks Investment Research upgraded shares of Terreno Realty Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Stifel Nicolaus upped their target price on Terreno Realty Corporation from $29.00 to $34.50 and gave the stock a “buy” rating in a research note on Friday, May 5th. Wunderlich upped their target price on Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, May 8th. Finally, National Securities lowered Terreno Realty Corporation from a “buy” rating to a “neutral” rating and upped their target price for the stock from $29.00 to $33.00 in a research note on Thursday, May 11th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. Terreno Realty Corporation has a consensus rating of “Hold” and an average target price of $30.39.
About Terreno Realty Corporation
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.
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