MetLife Investment Advisors LLC increased its holdings in Terreno Realty Co. (NYSE:TRNO) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,347 shares of the real estate investment trust’s stock after purchasing an additional 2,241 shares during the period. MetLife Investment Advisors LLC’s holdings in Terreno Realty were worth $955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRNO. Assetmark Inc. raised its holdings in shares of Terreno Realty by 491.6% during the 1st quarter. Assetmark Inc. now owns 3,526 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 2,930 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in shares of Terreno Realty by 133.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,000 shares in the last quarter. Eii Capital Management Inc. purchased a new stake in shares of Terreno Realty during the 2nd quarter worth approximately $188,000. Hsbc Holdings PLC purchased a new stake in shares of Terreno Realty during the 1st quarter worth approximately $207,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Terreno Realty during the 2nd quarter worth approximately $227,000. 99.21% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on TRNO shares. KeyCorp upped their price objective on Terreno Realty from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Zacks Investment Research raised Terreno Realty from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $38.91.

NYSE TRNO opened at $36.63 on Thursday. The company has a market cap of $2.14 billion, a PE ratio of 33.61, a P/E/G ratio of 2.85 and a beta of 0.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.26 and a current ratio of 1.26. Terreno Realty Co. has a fifty-two week low of $31.56 and a fifty-two week high of $39.26.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, October 4th. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.22. Terreno Realty’s payout ratio is currently 80.73%.

About Terreno Realty

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

Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

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

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.