Terreno Realty Corporation (TRNO) Stake Increased by Menta Capital LLC

Menta Capital LLC lifted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 145.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,701 shares of the real estate investment trust’s stock after buying an additional 29,424 shares during the period. Menta Capital LLC owned about 0.09% of Terreno Realty Corporation worth $1,673,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Terreno Realty Corporation by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 282 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Terreno Realty Corporation by 17.6% in the second quarter. Spirit of America Management Corp NY now owns 6,675 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,000 shares during the period. Vanguard Group Inc. boosted its position in shares of Terreno Realty Corporation by 1.5% in the first quarter. Vanguard Group Inc. now owns 5,500,309 shares of the real estate investment trust’s stock worth $154,009,000 after buying an additional 81,173 shares during the period. William Blair Investment Management LLC boosted its position in shares of Terreno Realty Corporation by 50.0% in the first quarter. William Blair Investment Management LLC now owns 518,567 shares of the real estate investment trust’s stock worth $14,520,000 after buying an additional 172,781 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Terreno Realty Corporation by 2,189.1% in the first quarter. BlackRock Inc. now owns 4,165,859 shares of the real estate investment trust’s stock worth $116,645,000 after buying an additional 3,983,872 shares during the period. 97.86% of the stock is owned by institutional investors and hedge funds.

Shares of Terreno Realty Corporation (TRNO) opened at 36.35 on Friday. The firm has a market cap of $1.89 billion, a PE ratio of 76.69 and a beta of 0.82. Terreno Realty Corporation has a 52-week low of $24.81 and a 52-week high of $37.40. The company’s 50-day moving average price is $35.65 and its 200-day moving average price is $32.34.

Terreno Realty Corporation (NYSE:TRNO) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The company had revenue of $32.78 million during the quarter, compared to analyst estimates of $31.72 million. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. Equities analysts expect that Terreno Realty Corporation will post $0.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, October 5th. Terreno Realty Corporation’s dividend payout ratio is currently 173.91%.

Several analysts have recently commented on the company. KeyCorp reaffirmed a “buy” rating on shares of Terreno Realty Corporation in a research report on Wednesday, September 6th. BidaskClub raised Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. National Securities raised their target price on Terreno Realty Corporation from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, August 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 target price (up previously from $34.50) on shares of Terreno Realty Corporation in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 target price (up previously from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.71.

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Terreno Realty Corporation Company 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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