Northern Trust Corp grew its stake in Terreno Realty Corporation (NYSE:TRNO) by 14.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 868,281 shares of the real estate investment trust’s stock after acquiring an additional 107,080 shares during the quarter. Northern Trust Corp owned about 1.66% of Terreno Realty Corporation worth $29,227,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in Terreno Realty Corporation in the first quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Terreno Realty Corporation by 17.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 500 shares during the last quarter. GAM Holding AG increased its stake in Terreno Realty Corporation by 7.6% in the second quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 300 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Terreno Realty Corporation by 16.2% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 600 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new position in Terreno Realty Corporation in the second quarter valued at $182,000. Institutional investors and hedge funds own 97.97% of the company’s stock.

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Several equities analysts recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $37.00 target price (up from $34.50) on shares of Terreno Realty Corporation in a research note on Wednesday, August 9th. BTIG Research reiterated a “buy” rating and issued a $39.00 target price (up from $35.00) on shares of Terreno Realty Corporation in a research note on Wednesday, September 27th. FBR & Co reiterated a “neutral” rating and issued a $39.00 target price on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 target price on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.29.

Shares of Terreno Realty Corporation (NYSE:TRNO) opened at 36.90 on Friday. Terreno Realty Corporation has a 52 week low of $24.81 and a 52 week high of $37.40. The firm’s 50-day moving average price is $36.64 and its 200 day moving average price is $33.71. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 77.85 and a beta of 0.81.

Terreno Realty Corporation (NYSE:TRNO) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $32.78 million for the quarter, compared to analyst estimates of $31.72 million. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. On average, analysts anticipate that Terreno Realty Corporation will post $0.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This is a boost from Terreno Realty Corporation’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. Terreno Realty Corporation’s dividend payout ratio (DPR) is presently 191.30%.

Terreno Realty Corporation Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

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

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