APG Asset Management US Inc. Has $55,921,000 Stake in Terreno Realty Corporation (TRNO)

APG Asset Management US Inc. held its position in Terreno Realty Corporation (NYSE:TRNO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,661,338 shares of the real estate investment trust’s stock at the end of the second quarter. APG Asset Management US Inc. owned about 3.38% of Terreno Realty Corporation worth $55,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its stake 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. Ameritas Investment Partners Inc. bought a new stake in Terreno Realty Corporation during the first quarter worth about $109,000. New Mexico Educational Retirement Board raised its stake 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. Spirit of America Management Corp NY raised its stake in Terreno Realty Corporation by 17.6% in the second quarter. Spirit of America Management Corp NY now owns 6,675 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of Montreal Can raised its stake 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. 97.16% of the stock is currently owned by hedge funds and other institutional investors.

Terreno Realty Corporation (NYSE:TRNO) traded down 0.77% during trading on Friday, hitting $34.82. The stock had a trading volume of 427,790 shares. The company’s 50 day moving average is $34.13 and its 200 day moving average is $30.94. Terreno Realty Corporation has a 52-week low of $24.81 and a 52-week high of $35.80. The firm has a market cap of $1.81 billion, a PE ratio of 73.46 and a beta of 0.83.

Terreno Realty Corporation (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.01. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The business had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $31.72 million. Equities research analysts forecast that Terreno Realty Corporation will post $0.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.53%. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20.

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TRNO has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Terreno Realty Corporation from $29.00 to $34.50 and gave the company a “buy” rating in a report on Monday, May 15th. Wunderlich increased their target price on Terreno Realty Corporation from $31.00 to $34.00 and gave the company a “buy” rating in a report on Monday, May 8th. BidaskClub cut Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “hold” rating and set a $35.00 target price (up from $29.00) on shares of Terreno Realty Corporation in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded Terreno Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Terreno Realty Corporation has an average rating of “Buy” and a consensus target price of $32.13.

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.

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

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