JPMorgan Chase & Co. raised its position in Terreno Realty Co. (NYSE:TRNO) by 11.3% in the first quarter, Holdings Channel reports. The institutional investor owned 2,335,127 shares of the real estate investment trust’s stock after purchasing an additional 237,748 shares during the period. JPMorgan Chase & Co.’s holdings in Terreno Realty were worth $98,169,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. We Are One Seven LLC bought a new position in Terreno Realty in the fourth quarter worth about $41,000. Quadrant Capital Group LLC lifted its holdings in Terreno Realty by 11,547.4% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 2,194 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Terreno Realty by 812.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 3,005 shares during the last quarter. Quantamental Technologies LLC bought a new position in Terreno Realty in the first quarter worth about $182,000. Finally, Parametrica Management Ltd bought a new position in Terreno Realty in the fourth quarter worth about $207,000. 97.67% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on TRNO shares. KeyCorp set a $49.00 target price on shares of Terreno Realty and gave the stock an “in-line” rating in a report on Thursday, May 2nd. Goldman Sachs Group started coverage on shares of Terreno Realty in a report on Wednesday, May 15th. They issued a “buy” rating and a $49.00 target price on the stock. Mitsubishi UFJ Financial Group raised their target price on shares of Terreno Realty to $45.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, May 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Terreno Realty currently has an average rating of “Hold” and a consensus price target of $48.50.
Shares of NYSE:TRNO opened at $45.49 on Friday. Terreno Realty Co. has a 52 week low of $33.52 and a 52 week high of $47.19. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 3.85 and a beta of 0.84. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.96 annualized dividend and a dividend yield of 2.11%.
COPYRIGHT VIOLATION WARNING: This article was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2019/05/25/jpmorgan-chase-co-has-98-17-million-holdings-in-terreno-realty-co-trno.html.
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
Featured Article: What are catch-up contributions?
Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty Co. (NYSE:TRNO).
Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.