89,100 Shares in Terreno Realty Corporation (TRNO) Acquired by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL purchased a new position in Terreno Realty Corporation (NYSE:TRNO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,100 shares of the real estate investment trust’s stock, valued at approximately $2,495,000. Virginia Retirement Systems ET AL owned 0.19% of Terreno Realty Corporation at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in Terreno Realty Corporation by 37.0% in the first quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Terreno Realty Corporation by 11.9% in the first quarter. New Mexico Educational Retirement Board now owns 6,600 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 700 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in Terreno Realty Corporation during the third quarter worth about $202,000. Teza Capital Management LLC purchased a new position in Terreno Realty Corporation during the fourth quarter worth about $228,000. Finally, Bank of Montreal Can increased its position in Terreno Realty Corporation by 170.9% in the first quarter. Bank of Montreal Can now owns 9,290 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 5,861 shares during the last quarter.

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

Shares of Terreno Realty Corporation (NYSE TRNO) opened at 32.59 on Friday. Terreno Realty Corporation has a one year low of $24.38 and a one year high of $34.00. The firm has a 50-day moving average price of $32.35 and a 200 day moving average price of $29.12. The firm has a market cap of $1.60 billion, a P/E ratio of 151.58 and a beta of 0.84.

Terreno Realty Corporation (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.17. The business had revenue of $31.44 million for the quarter, compared to analyst estimates of $30.76 million. Terreno Realty Corporation had a return on equity of 1.64% and a net margin of 11.02%. On average, analysts forecast that Terreno Realty Corporation will post $0.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.45%.

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A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Terreno Realty Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Stifel Nicolaus increased their price target on Terreno Realty Corporation from $29.00 to $34.50 and gave the stock a “buy” rating in a research report on Friday, May 5th. National Securities downgraded Terreno Realty Corporation from a “buy” rating to a “neutral” rating and increased their price target for the stock from $29.00 to $33.00 in a research report on Thursday, May 11th. Wunderlich increased their price target on Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $29.00 price target on shares of Terreno Realty Corporation in a research report on Monday, April 17th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.39.

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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