Terreno Realty Corporation (TRNO) Position Boosted by American International Group Inc.

American International Group Inc. lifted its stake in Terreno Realty Corporation (NYSE:TRNO) by 8.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,849 shares of the real estate investment trust’s stock after purchasing an additional 2,456 shares during the quarter. American International Group Inc. owned 0.06% of Terreno Realty worth $1,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its position in Terreno Realty by 67.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 1,680 shares during the period. 1060 Capital LLC acquired a new stake in Terreno Realty during the 3rd quarter worth about $7,445,000. Granite Investment Partners LLC boosted its position in Terreno Realty by 7.6% during the 3rd quarter. Granite Investment Partners LLC now owns 396,638 shares of the real estate investment trust’s stock worth $14,350,000 after acquiring an additional 28,032 shares during the period. Stephens Inc. AR boosted its position in Terreno Realty by 6.5% during the 3rd quarter. Stephens Inc. AR now owns 90,957 shares of the real estate investment trust’s stock worth $3,291,000 after acquiring an additional 5,549 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Terreno Realty during the 3rd quarter worth about $786,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Terreno Realty Corporation (NYSE:TRNO) opened at $37.22 on Monday. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.47. Terreno Realty Corporation has a one year low of $26.30 and a one year high of $38.54. The firm has a market capitalization of $2,030.43, a P/E ratio of 36.14, a P/E/G ratio of 3.37 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, December 28th. Terreno Realty’s payout ratio is 114.29%.

A number of brokerages have commented on TRNO. B. Riley restated a “neutral” rating on shares of Terreno Realty in a research report on Friday, November 3rd. Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Jefferies Group reiterated a “hold” rating and set a $34.00 price target on shares of Terreno Realty in a report on Tuesday, October 3rd. FBR & Co reiterated a “neutral” rating and set a $39.00 price target on shares of Terreno Realty in a report on Tuesday, October 3rd. Finally, BTIG Research reiterated a “buy” rating and set a $39.00 price target (up from $35.00) on shares of Terreno Realty in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Terreno Realty has a consensus rating of “Hold” and a consensus target price of $37.50.

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About Terreno Realty

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.

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

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