Citadel Advisors LLC Increases Stake in Terreno Realty Co. (TRNO)

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Citadel Advisors LLC lifted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 95.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,702 shares of the real estate investment trust’s stock after acquiring an additional 70,098 shares during the period. Citadel Advisors LLC owned 0.24% of Terreno Realty worth $5,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mutual of America Capital Management LLC raised its stake in Terreno Realty by 1.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 291,278 shares of the real estate investment trust’s stock valued at $10,981,000 after purchasing an additional 4,204 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Terreno Realty by 479.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,622,069 shares of the real estate investment trust’s stock valued at $61,152,000 after purchasing an additional 1,342,083 shares during the last quarter. William Blair Investment Management LLC raised its stake in Terreno Realty by 9.1% in the 3rd quarter. William Blair Investment Management LLC now owns 717,394 shares of the real estate investment trust’s stock valued at $27,046,000 after purchasing an additional 59,684 shares during the last quarter. Hsbc Holdings PLC raised its stake in Terreno Realty by 161.9% in the 3rd quarter. Hsbc Holdings PLC now owns 74,470 shares of the real estate investment trust’s stock valued at $2,807,000 after purchasing an additional 46,039 shares during the last quarter. Finally, Aviva PLC acquired a new position in Terreno Realty in the 3rd quarter valued at about $494,000. Institutional investors and hedge funds own 99.92% of the company’s stock.

TRNO opened at $38.64 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.16 and a quick ratio of 0.16. Terreno Realty Co. has a 12 month low of $31.56 and a 12 month high of $39.62. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 2.95 and a beta of 0.71.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. Terreno Realty had a return on equity of 4.68% and a net margin of 34.83%. The business had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $37.68 million. As a group, sell-side analysts forecast that Terreno Realty Co. will post 1.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Tuesday, December 18th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Monday, December 17th. Terreno Realty’s payout ratio is currently 88.07%.

Several research analysts recently weighed in on TRNO shares. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, November 6th. ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Mizuho assumed coverage on Terreno Realty in a report on Wednesday, October 3rd. They issued a “neutral” rating for the company. Finally, JMP Securities restated a “hold” rating on shares of Terreno Realty in a report on Tuesday, October 16th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.75.

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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

Further Reading: What does cost of debt say about a company’s financial health?

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).

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

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