UBS Asset Management Americas Inc. raised its position in Terreno Realty Corporation (NYSE:TRNO) by 18.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 92,482 shares of the real estate investment trust’s stock after acquiring an additional 14,178 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.18% of Terreno Realty Corporation worth $3,113,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Terreno Realty Corporation by 16.8% in the first quarter. FMR LLC now owns 7,184,259 shares of the real estate investment trust’s stock valued at $201,159,000 after purchasing an additional 1,035,842 shares during the period. BlackRock Inc. lifted its stake in shares of Terreno Realty Corporation by 32.9% in the second quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock valued at $186,359,000 after purchasing an additional 1,370,672 shares during the period. Vanguard Group Inc. lifted its stake in shares of Terreno Realty Corporation by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,500,309 shares of the real estate investment trust’s stock valued at $154,009,000 after purchasing an additional 81,173 shares during the period. Teachers Advisors LLC lifted its stake in shares of Terreno Realty Corporation by 1.3% in the second quarter. Teachers Advisors LLC now owns 1,020,095 shares of the real estate investment trust’s stock valued at $34,336,000 after purchasing an additional 12,648 shares during the period. Finally, State Street Corp increased its holdings in Terreno Realty Corporation by 8.9% during the 1st quarter. State Street Corp now owns 1,008,833 shares of the real estate investment trust’s stock valued at $28,248,000 after acquiring an additional 82,617 shares in the last quarter. Institutional investors own 97.97% of the company’s stock.

Several research firms have weighed in on TRNO. Stifel Nicolaus restated a “buy” rating and set a $37.00 target price (up from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday, August 9th. FBR & Co restated a “neutral” rating and set a $39.00 target price on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. BTIG Research restated a “buy” rating and set a $39.00 target price (up from $35.00) on shares of Terreno Realty Corporation in a report on Wednesday, September 27th. Jefferies Group LLC restated a “hold” rating and set a $34.00 target price on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Terreno Realty Corporation currently has an average rating of “Buy” and a consensus price target of $35.29.

TRADEMARK VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/13/terreno-realty-corporation-trno-stake-increased-by-ubs-asset-management-americas-inc.html.

Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The business had revenue of $32.78 million during the quarter, compared to analyst estimates of $31.72 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, October 5th. Terreno Realty Corporation’s dividend payout ratio is presently 191.30%.

Terreno Realty Corporation Company Profile

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.

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 Corporation (NYSE:TRNO).

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

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