JPMorgan Chase & Co. Has $98.17 Million Holdings in Terreno Realty Co. (TRNO)

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%.

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

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