Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Terreno Realty Corporation (NYSE:TRNO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,507 shares of the real estate investment trust’s stock, valued at approximately $1,902,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of Terreno Realty Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Swiss National Bank increased its holdings in shares of Terreno Realty Corporation by 4.5% during the second quarter. Swiss National Bank now owns 79,100 shares of the real estate investment trust’s stock worth $2,663,000 after buying an additional 3,400 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Terreno Realty Corporation by 2.1% during the second quarter. Eagle Asset Management Inc. now owns 138,627 shares of the real estate investment trust’s stock worth $4,666,000 after buying an additional 2,888 shares in the last quarter. IndexIQ Advisors LLC acquired a new position in shares of Terreno Realty Corporation during the second quarter worth $1,981,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Terreno Realty Corporation by 17.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 500 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Terreno Realty Corporation during the second quarter worth $233,000. Institutional investors own 97.89% of the company’s stock.

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Shares of Terreno Realty Corporation (NYSE:TRNO) opened at 36.55 on Friday. Terreno Realty Corporation has a 12-month low of $24.81 and a 12-month high of $37.40. The firm has a market capitalization of $1.90 billion, a P/E ratio of 77.11 and a beta of 0.82. The company has a 50-day moving average price of $35.51 and a 200-day moving average price of $32.13.

Terreno Realty Corporation (NYSE:TRNO) last posted its quarterly 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 business had revenue of $32.78 million during the quarter, compared to the consensus estimate 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 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.41%. Terreno Realty Corporation’s payout ratio is currently 173.91%.

TRNO has been the subject of several research analyst reports. KeyCorp reiterated a “buy” rating on shares of Terreno Realty Corporation in a report on Wednesday, September 6th. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price objective (up from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday, August 9th. BidaskClub downgraded Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and issued a $35.00 price objective (up from $29.00) on shares of Terreno Realty Corporation in a report on Friday, June 23rd. Finally, National Securities increased their price objective on Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.71.

About Terreno Realty Corporation

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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