Mitsubishi UFJ Trust & Banking Corp Increases Stake in Terreno Realty Co. (NYSE:TRNO)

Mitsubishi UFJ Trust & Banking Corp increased its stake in Terreno Realty Co. (NYSE:TRNOGet Rating) by 225.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,592 shares of the real estate investment trust’s stock after purchasing an additional 1,103 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Terreno Realty were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TRNO. Huntington National Bank lifted its stake in shares of Terreno Realty by 7.7% during the first quarter. Huntington National Bank now owns 2,332 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 166 shares during the period. Truist Financial Corp lifted its position in Terreno Realty by 1.6% during the 2nd quarter. Truist Financial Corp now owns 10,833 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 167 shares during the period. First Horizon Advisors Inc. grew its stake in Terreno Realty by 46.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 669 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 212 shares during the last quarter. Arizona State Retirement System grew its stake in Terreno Realty by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 20,459 shares of the real estate investment trust’s stock valued at $1,140,000 after purchasing an additional 234 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in shares of Terreno Realty by 1.6% in the second quarter. Legacy Wealth Asset Management LLC now owns 15,562 shares of the real estate investment trust’s stock valued at $867,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 99.27% of the company’s stock.

Terreno Realty Stock Performance

TRNO opened at $58.26 on Thursday. The stock has a market cap of $4.43 billion, a P/E ratio of 25.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a fifty day moving average price of $55.56 and a 200 day moving average price of $58.74. Terreno Realty Co. has a 1 year low of $50.36 and a 1 year high of $86.00.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, December 29th. Terreno Realty’s payout ratio is currently 70.48%.

Analyst Ratings Changes

TRNO has been the subject of a number of research reports. JMP Securities decreased their target price on Terreno Realty from $75.00 to $69.00 and set a “market outperform” rating for the company in a report on Monday, October 10th. Piper Sandler decreased their price objective on shares of Terreno Realty from $73.00 to $69.00 and set an “overweight” rating for the company in a research note on Friday, October 7th. StockNews.com upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. BTIG Research decreased their target price on shares of Terreno Realty from $94.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, October 17th. Finally, Scotiabank lowered shares of Terreno Realty from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $73.00 to $54.00 in a report on Monday, October 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.90.

Terreno Realty Company Profile

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Terreno Realty Corporation and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited.

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

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