The Manufacturers Life Insurance Company lifted its position in Terreno Realty Corporation (NYSE:TRNO) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,756 shares of the real estate investment trust’s stock after acquiring an additional 3,045 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Terreno Realty Corporation worth $1,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Terreno Realty Corporation by 17.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 500 shares during the last quarter. GAM Holding AG lifted its holdings in shares of Terreno Realty Corporation by 7.6% in the 2nd quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 300 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Terreno Realty Corporation by 16.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 600 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Terreno Realty Corporation in the 2nd quarter worth approximately $182,000. Finally, SG Americas Securities LLC bought a new stake in shares of Terreno Realty Corporation in the 2nd quarter worth approximately $198,000. Institutional investors own 98.07% of the company’s stock.

Shares of Terreno Realty Corporation (NYSE:TRNO) opened at $36.70 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. The firm has a market capitalization of $2,017.86, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 3.33 and a beta of 0.80. Terreno Realty Corporation has a 12 month low of $25.22 and a 12 month high of $38.06.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 28th. Terreno Realty Corporation’s payout ratio is currently 114.29%.

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Several analysts recently issued reports on the company. BidaskClub downgraded Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. B. Riley reissued a “neutral” rating on shares of Terreno Realty Corporation in a report on Friday, November 3rd. Zacks Investment Research downgraded Terreno Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $37.00 price target (up previously from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday, August 9th. Finally, KeyCorp reissued a “buy” rating and issued a $39.00 price target on shares of Terreno Realty Corporation in a report on Sunday, November 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.25.

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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