Centersquare Investment Management LLC increased its stake in Terreno Realty Co. (NYSE:TRNO) by 448.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 36,230 shares of the real estate investment trust’s stock after buying an additional 29,630 shares during the quarter. Centersquare Investment Management LLC owned 0.06% of Terreno Realty worth $1,777,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Terreno Realty by 11,547.4% in the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,194 shares during the last quarter. Marshall Wace North America L.P. raised its stake in Terreno Realty by 50.1% in the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 774 shares during the period. Nisa Investment Advisors LLC raised its stake in Terreno Realty by 812.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 3,005 shares during the period. Quantamental Technologies LLC bought a new stake in Terreno Realty in the 1st quarter valued at about $182,000. Finally, Exane Derivatives raised its stake in Terreno Realty by 23,810.5% in the 2nd quarter. Exane Derivatives now owns 4,543 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 4,524 shares during the period.
A number of equities research analysts recently issued reports on TRNO shares. ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. KeyCorp boosted their price objective on Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.25.
Shares of NYSE TRNO traded up $1.14 during midday trading on Friday, hitting $50.48. 246,629 shares of the company’s stock were exchanged, compared to its average volume of 272,305. The business’s fifty day moving average price is $49.96 and its two-hundred day moving average price is $46.25. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.32. Terreno Realty Co. has a 12-month low of $33.52 and a 12-month high of $51.31.
Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.18). The firm had revenue of $41.73 million during the quarter, compared to analysts’ expectations of $41.53 million. Terreno Realty had a return on equity of 4.55% and a net margin of 36.83%. Sell-side analysts expect that Terreno Realty Co. will post 1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.24.
Terreno Realty Profile
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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