Great West Life Assurance Co. Can purchased a new position in Terreno Realty Co. (NYSE:TRNO – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,030 shares of the real estate investment trust’s stock, valued at approximately $3,709,000. Great West Life Assurance Co. Can owned about 0.09% of Terreno Realty as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of TRNO. Vanguard Group Inc. increased its stake in Terreno Realty by 3.2% in the first quarter. Vanguard Group Inc. now owns 10,954,204 shares of the real estate investment trust’s stock worth $811,159,000 after purchasing an additional 341,279 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Terreno Realty by 12.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,537,213 shares of the real estate investment trust’s stock worth $420,049,000 after purchasing an additional 848,447 shares during the period. Principal Financial Group Inc. increased its stake in Terreno Realty by 12.0% in the second quarter. Principal Financial Group Inc. now owns 5,722,771 shares of the real estate investment trust’s stock worth $318,931,000 after purchasing an additional 615,074 shares during the period. State Street Corp increased its stake in Terreno Realty by 1.0% in the second quarter. State Street Corp now owns 3,679,689 shares of the real estate investment trust’s stock worth $206,265,000 after purchasing an additional 37,223 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Terreno Realty by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,215,111 shares of the real estate investment trust’s stock worth $164,030,000 after purchasing an additional 28,839 shares during the period. 98.53% of the stock is currently owned by institutional investors.
Terreno Realty Price Performance
TRNO opened at $63.80 on Tuesday. The business’s 50-day moving average is $58.48 and its two-hundred day moving average is $58.48. Terreno Realty Co. has a 1 year low of $50.36 and a 1 year high of $81.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market capitalization of $4.85 billion, a PE ratio of 28.11 and a beta of 0.78.
Terreno Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, December 29th. Terreno Realty’s dividend payout ratio is presently 70.48%.
Insiders Place Their Bets
In other Terreno Realty news, Director Leroy E. Carlson sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $58.49, for a total value of $233,960.00. Following the completion of the sale, the director now owns 37,791 shares of the company’s stock, valued at $2,210,395.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on TRNO. TheStreet upgraded Terreno Realty from a “c+” rating to a “b-” rating in a research note on Wednesday, November 30th. Stifel Nicolaus began coverage on Terreno Realty in a research note on Wednesday, October 12th. They set a “buy” rating and a $62.00 price target on the stock. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Scotiabank lowered Terreno Realty from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $73.00 to $54.00 in a research note on Monday, October 17th. Finally, JMP Securities cut their price target on Terreno Realty from $75.00 to $69.00 and set a “market outperform” rating on the stock in a research note on Monday, October 10th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.67.
Terreno Realty Company Profile
Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.
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