Marshall Wace North America L.P. Purchases New Stake in Terreno Realty Co. (NYSE:TRNO)

Marshall Wace North America L.P. bought a new position in shares of Terreno Realty Co. (NYSE:TRNO) during the second quarter, Holdings Channel reports. The institutional investor bought 5,340 shares of the real estate investment trust’s stock, valued at approximately $345,000.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Terreno Realty during the second quarter worth $27,000. Atlantic Trust LLC bought a new position in shares of Terreno Realty during the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Terreno Realty by 485.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 388 shares during the last quarter. FFT Wealth Management LLC bought a new position in shares of Terreno Realty during the second quarter worth about $52,000. Finally, FORA Capital LLC grew its position in shares of Terreno Realty by 185.0% during the second quarter. FORA Capital LLC now owns 2,180 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,415 shares during the last quarter. 92.56% of the stock is currently owned by institutional investors.

Shares of TRNO opened at $78.40 on Thursday. The firm has a 50-day moving average price of $70.30 and a 200 day moving average price of $67.54. The firm has a market capitalization of $5.59 billion, a PE ratio of 80.00 and a beta of 0.61. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.35. Terreno Realty Co. has a 52-week low of $53.97 and a 52-week high of $78.44.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.14). The company had revenue of $57.27 million during the quarter, compared to the consensus estimate of $54.92 million. Terreno Realty had a net margin of 32.60% and a return on equity of 4.11%. On average, equities analysts expect that Terreno Realty Co. will post 1.72 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 5th. Investors of record on Wednesday, December 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, December 14th. This represents a $1.36 dividend on an annualized basis and a yield of 1.73%. Terreno Realty’s dividend payout ratio is presently 138.78%.

Several research firms have recently commented on TRNO. Compass Point upped their price target on shares of Terreno Realty from $69.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, August 16th. KeyCorp upped their price target on shares of Terreno Realty from $71.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, November 5th. Finally, Zacks Investment Research lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $72.43.

Terreno Realty Company Profile

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.

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

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