Barclays PLC lifted its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 47.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,367 shares of the real estate investment trust’s stock after acquiring an additional 22,747 shares during the period. Barclays PLC’s holdings in Terreno Realty were worth $3,596,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Terreno Realty by 8.9% in the second quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 330 shares during the period. Eii Capital Management Inc. raised its position in shares of Terreno Realty by 7.6% in the third quarter. Eii Capital Management Inc. now owns 8,642 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 612 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Terreno Realty by 4.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,227 shares of the real estate investment trust’s stock valued at $829,000 after purchasing an additional 762 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Terreno Realty in the second quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Terreno Realty by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 1,100 shares during the period. 99.04% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on TRNO shares. Zacks Investment Research raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. KeyCorp raised their price target on shares of Terreno Realty from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $51.25.
Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Terreno Realty had a net margin of 38.43% and a return on equity of 4.60%. The business had revenue of $43.40 million for the quarter, compared to analyst estimates of $42.79 million. Research analysts expect that Terreno Realty Co. will post 1.4 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, December 30th.
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
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