Jefferies Group LLC bought a new position in shares of Terreno Realty (NYSE:TRNO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,480 shares of the real estate investment trust’s stock, valued at approximately $858,000.
Several other large investors also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its stake in shares of Terreno Realty by 4.8% during the third quarter. Eagle Asset Management Inc. now owns 145,237 shares of the real estate investment trust’s stock valued at $5,306,000 after purchasing an additional 6,610 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Terreno Realty by 5.2% during the fourth quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock valued at $223,293,000 after purchasing an additional 312,221 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Terreno Realty by 67.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 1,680 shares in the last quarter. 1060 Capital LLC bought a new position in shares of Terreno Realty during the third quarter valued at approximately $7,445,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Terreno Realty during the third quarter valued at approximately $1,552,000. 99.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of Terreno Realty (NYSE TRNO) opened at $34.92 on Friday. The firm has a market cap of $1,936.98, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77. Terreno Realty has a one year low of $26.93 and a one year high of $38.54. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.
Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). Terreno Realty had a return on equity of 5.45% and a net margin of 38.61%. The company had revenue of $34.63 million for the quarter, compared to analyst estimates of $34.86 million. equities research analysts anticipate that Terreno Realty will post 1.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 28th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.52%. Terreno Realty’s payout ratio is currently 92.63%.
TRNO has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, January 25th. Sandler O’Neill set a $40.00 target price on shares of Terreno Realty and gave the company a “buy” rating in a research note on Friday, January 12th. Robert W. Baird restated a “hold” rating and issued a $35.00 target price on shares of Terreno Realty in a research note on Tuesday, January 9th. National Securities upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, November 22nd. Finally, DA Davidson restated a “buy” rating on shares of Terreno Realty in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Terreno Realty presently has an average rating of “Buy” and a consensus target price of $37.73.
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Terreno Realty Company 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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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