Thrivent Financial For Lutherans Has $19.68 Million Holdings in Terreno Realty Corporation (TRNO)

Thrivent Financial For Lutherans trimmed its position in Terreno Realty Corporation (NYSE:TRNO) by 15.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584,799 shares of the real estate investment trust’s stock after selling 105,009 shares during the period. Thrivent Financial For Lutherans owned 1.12% of Terreno Realty Corporation worth $19,684,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Stifel Financial Corp boosted its holdings in Terreno Realty Corporation by 0.9% in the 1st quarter. Stifel Financial Corp now owns 13,548 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 123 shares during the period. Aperio Group LLC boosted its holdings in Terreno Realty Corporation by 1.3% in the 2nd quarter. Aperio Group LLC now owns 9,599 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 126 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Terreno Realty Corporation by 3.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,236 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 209 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Terreno Realty Corporation by 1.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 282 shares during the period. Finally, GAM Holding AG boosted its holdings in 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 valued at $142,000 after purchasing an additional 300 shares during the period. 97.86% of the stock is owned by hedge funds and other institutional investors.

Terreno Realty Corporation (TRNO) traded down 0.03% during mid-day trading on Tuesday, hitting $36.83. 38,627 shares of the stock traded hands. The company has a market cap of $1.91 billion, a P/E ratio of 77.70 and a beta of 0.82. The company’s 50 day moving average is $35.58 and its 200 day moving average is $32.27. Terreno Realty Corporation has a 12 month low of $24.81 and a 12 month high of $37.40.

Terreno Realty Corporation (NYSE:TRNO) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. The company had revenue of $32.78 million for the quarter, compared to the consensus estimate of $31.72 million. On average, analysts expect that Terreno Realty Corporation will post $0.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This is a positive change from Terreno Realty Corporation’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.39%. Terreno Realty Corporation’s dividend payout ratio is currently 173.91%.

Several analysts have recently weighed in on TRNO shares. Jefferies Group LLC restated a “hold” rating and set a $35.00 price objective (up previously from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Stifel Nicolaus restated a “buy” rating and set a $34.50 price objective on shares of Terreno Realty Corporation in a research report on Friday, July 14th. BidaskClub upgraded shares of Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. KeyCorp restated a “buy” rating on shares of Terreno Realty Corporation in a research report on Wednesday, September 6th. Finally, National Securities raised their price objective on shares of Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, August 21st. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.71.

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Terreno Realty Corporation Company 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 Corporation (NYSE:TRNO)

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