Susquehanna International Group LLP Decreases Holdings in Terreno Realty Corporation (TRNO)
Susquehanna International Group LLP reduced its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 40.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,215 shares of the real estate investment trust’s stock after selling 44,383 shares during the quarter. Susquehanna International Group LLP owned about 0.12% of Terreno Realty worth $2,359,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TRNO. BlackRock Inc. lifted its position in shares of Terreno Realty by 32.9% during the 2nd quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock valued at $186,359,000 after acquiring an additional 1,370,672 shares during the last quarter. Oak Ridge Investments LLC acquired a new stake in shares of Terreno Realty during the 3rd quarter valued at $21,556,000. Chevy Chase Trust Holdings Inc. lifted its position in shares of Terreno Realty by 142.8% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 900,290 shares of the real estate investment trust’s stock valued at $32,573,000 after acquiring an additional 529,465 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Terreno Realty during the 2nd quarter valued at $14,854,000. Finally, AJO LP acquired a new stake in shares of Terreno Realty during the 2nd quarter valued at $12,257,000. 98.84% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on TRNO shares. Zacks Investment Research downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and set a $41.00 price objective (up previously from $37.00) on shares of Terreno Realty in a research report on Tuesday, November 7th. KeyCorp reiterated a “buy” rating on shares of Terreno Realty in a research report on Wednesday, September 6th. B. Riley restated a “neutral” rating on shares of Terreno Realty in a report on Friday, November 3rd. Finally, National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $37.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. Terreno Realty’s payout ratio is currently 114.29%.
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Terreno Realty 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.
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