Forsta AP Fonden Invests $593,000 in Terreno Realty Co. (TRNO)

Forsta AP Fonden purchased a new position in Terreno Realty Co. (NYSE:TRNO) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 16,900 shares of the real estate investment trust’s stock, valued at approximately $593,000.

Several other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. increased its position in Terreno Realty by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 398 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Terreno Realty by 67.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,680 shares during the last quarter. Cavalier Investments LLC acquired a new stake in Terreno Realty during the third quarter worth about $206,000. Sei Investments Co. increased its position in Terreno Realty by 33,325.0% during the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 6,665 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Terreno Realty during the third quarter worth about $250,000. 99.13% of the stock is currently owned by hedge funds and other institutional investors.

TRNO has been the subject of several recent analyst reports. BidaskClub cut shares of Terreno Realty from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. KeyCorp restated a “buy” rating and set a $39.00 price objective on shares of Terreno Realty in a research report on Sunday, November 5th. B. Riley restated a “neutral” rating on shares of Terreno Realty in a research report on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and set a $41.00 price objective (up from $37.00) on shares of Terreno Realty in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $37.73.

Shares of Terreno Realty Co. (TRNO) opened at $33.86 on Monday. Terreno Realty Co. has a 12-month low of $26.48 and a 12-month high of $38.54. The firm has a market cap of $1,878.18, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.68.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 28th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Tuesday, March 27th. Terreno Realty’s dividend payout ratio is presently 92.63%.

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Terreno Realty Profile

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 (NYSE:TRNO)

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