IndexIQ Advisors LLC Has $1.74 Million Position in Terreno Realty Co. (TRNO)

IndexIQ Advisors LLC reduced its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 10.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,308 shares of the real estate investment trust’s stock after selling 4,806 shares during the period. IndexIQ Advisors LLC’s holdings in Terreno Realty were worth $1,737,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Terreno Realty by 479.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,622,069 shares of the real estate investment trust’s stock worth $61,152,000 after purchasing an additional 1,342,083 shares during the last quarter. Channing Capital Management LLC purchased a new stake in Terreno Realty during the 4th quarter worth approximately $42,256,000. Norges Bank purchased a new stake in Terreno Realty during the 4th quarter worth approximately $26,019,000. New York State Common Retirement Fund increased its holdings in Terreno Realty by 189.8% during the 4th quarter. New York State Common Retirement Fund now owns 294,653 shares of the real estate investment trust’s stock worth $10,363,000 after purchasing an additional 192,965 shares during the last quarter. Finally, FMR LLC increased its holdings in Terreno Realty by 3.1% during the 4th quarter. FMR LLC now owns 4,367,421 shares of the real estate investment trust’s stock worth $153,603,000 after purchasing an additional 132,935 shares during the last quarter. Institutional investors and hedge funds own 98.40% of the company’s stock.

TRNO has been the subject of several research reports. KeyCorp set a $49.00 target price on Terreno Realty and gave the stock an “in-line” rating in a research report on Thursday, May 2nd. Mitsubishi UFJ Financial Group lifted their target price on Terreno Realty to $45.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Zacks Investment Research lowered Terreno Realty from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Finally, Goldman Sachs Group initiated coverage on Terreno Realty in a research report on Wednesday. They issued a “buy” rating and a $49.00 target price for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.50.

Shares of TRNO opened at $45.66 on Friday. The company has a market capitalization of $2.86 billion, a PE ratio of 40.14, a PEG ratio of 3.80 and a beta of 0.84. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.34. Terreno Realty Co. has a 52 week low of $33.52 and a 52 week high of $47.19.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a $0.24 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.96 annualized dividend and a dividend yield of 2.10%.

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Terreno Realty 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

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

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