Terreno Realty Co. (TRNO) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Terreno Realty Co. (NYSE:TRNO) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,412 shares of the real estate investment trust’s stock after acquiring an additional 5,197 shares during the quarter. Bank of New York Mellon Corp owned about 0.77% of Terreno Realty worth $16,892,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY grew its stake in shares of Terreno Realty by 8.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 21,708 shares of the real estate investment trust’s stock valued at $818,000 after buying an additional 1,676 shares in the last quarter. Granite Investment Partners LLC grew its stake in shares of Terreno Realty by 0.5% in the second quarter. Granite Investment Partners LLC now owns 364,366 shares of the real estate investment trust’s stock valued at $13,726,000 after buying an additional 1,756 shares in the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of Terreno Realty by 133.3% in the second quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,000 shares in the last quarter. Navellier & Associates Inc grew its stake in shares of Terreno Realty by 11.8% in the second quarter. Navellier & Associates Inc now owns 20,264 shares of the real estate investment trust’s stock valued at $763,000 after buying an additional 2,140 shares in the last quarter. Finally, Aperio Group LLC grew its stake in shares of Terreno Realty by 17.4% in the second quarter. Aperio Group LLC now owns 14,484 shares of the real estate investment trust’s stock valued at $546,000 after buying an additional 2,146 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

Shares of NYSE TRNO opened at $39.27 on Tuesday. Terreno Realty Co. has a fifty-two week low of $31.56 and a fifty-two week high of $39.62. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 2.97 and a beta of 0.70.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Terreno Realty had a return on equity of 4.68% and a net margin of 34.83%. The firm had revenue of $37.90 million during the quarter, compared to analyst estimates of $37.68 million. Equities analysts expect that Terreno Realty Co. will post 1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.96 dividend on an annualized basis and a yield of 2.44%. Terreno Realty’s dividend payout ratio (DPR) is presently 88.07%.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Terreno Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. ValuEngine upgraded Terreno Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Mizuho assumed coverage on Terreno Realty in a research note on Wednesday, October 3rd. They issued a “neutral” rating for the company. Finally, JMP Securities reiterated a “hold” rating on shares of Terreno Realty in a research note 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. Terreno Realty currently has a consensus rating of “Buy” and a consensus target price 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

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

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