Victory Capital Management Inc. purchased a new position in shares of Terreno Realty Co. (NYSE:TRNO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 84,680 shares of the real estate investment trust’s stock, valued at approximately $3,190,000. Victory Capital Management Inc. owned about 0.15% of Terreno Realty as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of TRNO. Assetmark Inc. grew its stake in shares of Terreno Realty by 491.6% during the first 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 during the last quarter. Eii Capital Management Inc. purchased a new stake in Terreno Realty in the second quarter valued at approximately $188,000. Hsbc Holdings PLC purchased a new stake in Terreno Realty in the first quarter valued at approximately $207,000. Guggenheim Capital LLC purchased a new stake in Terreno Realty in the fourth quarter valued at approximately $229,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Terreno Realty in the first quarter valued at approximately $350,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

In related news, Director Gabriela Franco Parcella purchased 5,500 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was bought at an average cost of $37.97 per share, with a total value of $208,835.00. Following the completion of the acquisition, the director now owns 7,914 shares of the company’s stock, valued at approximately $300,494.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.60% of the company’s stock.

TRNO has been the topic of a number of recent research reports. Zacks Investment Research upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. KeyCorp upped their target price on Terreno Realty from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. DA Davidson set a $50.00 target price on Terreno Realty and gave the company a “buy” rating in a research report on Friday, May 4th. Finally, National Securities reiterated a “buy” rating and issued a $39.00 target price on shares of Terreno Realty in a research report on Tuesday, May 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $38.91.

Shares of NYSE TRNO opened at $38.00 on Friday. The company has a market capitalization of $2.22 billion, a P/E ratio of 34.86, a PEG ratio of 2.95 and a beta of 0.73. Terreno Realty Co. has a 52 week low of $31.56 and a 52 week high of $39.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.26 and a current ratio of 1.26.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be issued a $0.24 dividend. The ex-dividend date is Thursday, October 4th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.53%. Terreno Realty’s payout ratio is presently 80.73%.

Terreno Realty Company Profile

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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

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

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