Stifel Financial Corp Acquires 4,507 Shares of Terreno Realty Co. (NYSE:TRNO)

Stifel Financial Corp lifted its stake in Terreno Realty Co. (NYSE:TRNO) by 33.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,105 shares of the real estate investment trust’s stock after purchasing an additional 4,507 shares during the quarter. Stifel Financial Corp’s holdings in Terreno Realty were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRNO. Vanguard Group Inc. raised its stake in Terreno Realty by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,681,296 shares of the real estate investment trust’s stock valued at $191,233,000 after buying an additional 180,987 shares during the last quarter. BlackRock Inc. raised its stake in 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 buying an additional 1,370,672 shares during the last quarter. Schroder Investment Management Group raised its stake in Terreno Realty by 2.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,508,819 shares of the real estate investment trust’s stock valued at $54,484,000 after buying an additional 38,724 shares during the last quarter. State Street Corp raised its stake in Terreno Realty by 9.4% during the 2nd quarter. State Street Corp now owns 1,103,584 shares of the real estate investment trust’s stock valued at $37,145,000 after buying an additional 94,751 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Terreno Realty by 1.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,020,095 shares of the real estate investment trust’s stock valued at $34,336,000 after buying an additional 12,648 shares during the last quarter. Institutional investors own 98.74% of the company’s stock.

Terreno Realty Co. (TRNO) opened at $34.13 on Friday. Terreno Realty Co. has a 1-year low of $26.30 and a 1-year high of $38.54. The company has a market cap of $1,872.76, a PE ratio of 44.33, a price-to-earnings-growth ratio of 2.78 and a beta of 0.79. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.47.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Thursday, December 28th. Terreno Realty’s dividend payout ratio is 114.29%.

Several research analysts recently weighed in on TRNO shares. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 target price on shares of Terreno Realty in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Terreno Realty from a “buy” rating to a “hold” rating in a report on Saturday. Sandler O’Neill set a $40.00 target price on shares of Terreno Realty and gave the stock a “buy” rating in a report on Friday. BTIG Research reaffirmed a “buy” rating and issued a $39.00 target price (up previously from $35.00) on shares of Terreno Realty in a report on Wednesday, September 27th. Finally, FBR & Co reaffirmed a “neutral” rating and issued a $39.00 target price on shares of Terreno Realty in a report on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.40.

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About Terreno Realty

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.

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

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