Terreno Realty Corporation (NYSE:TRNO) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. boosted its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 18.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,482 shares of the real estate investment trust’s stock after buying an additional 14,178 shares during the quarter. UBS Asset Management Americas Inc. owned 0.18% of Terreno Realty Corporation worth $3,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TRNO. Ameritas Investment Partners Inc. acquired a new stake in shares of Terreno Realty Corporation in the first quarter valued at approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 grew its position in shares of 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. grew its position in shares of 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 stake in shares of Terreno Realty Corporation in the second quarter valued at approximately $182,000. Institutional investors own 97.97% of the company’s stock.

Terreno Realty Corporation (NYSE TRNO) opened at 36.81 on Friday. 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 is $36.65 and its 200 day moving average is $33.78. The stock has a market cap of $1.91 billion, a P/E ratio of 77.66 and a beta of 0.81.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.22 dividend. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Thursday, October 5th. Terreno Realty Corporation’s dividend payout ratio (DPR) is 191.30%.

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

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A number of other institutional investors and hedge funds also recently modified their holdings of TRNO. Ameritas Investment Partners Inc. acquired a new stake in shares of Terreno Realty Corporation in the first quarter valued at approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 grew its position in shares of 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. grew its position in shares of 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 stake in shares of Terreno Realty Corporation in the second quarter valued at approximately $182,000. Institutional investors own 97.97% of the company’s stock.

Terreno Realty Corporation (NYSE TRNO) opened at 36.81 on Friday. 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 is $36.65 and its 200 day moving average is $33.78. The stock has a market cap of $1.91 billion, a P/E ratio of 77.66 and a beta of 0.81.

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

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a $0.22 dividend. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Thursday, October 5th. Terreno Realty Corporation’s dividend payout ratio (DPR) is 191.30%.

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

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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.

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

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