Bank of New York Mellon Corp Purchases 2,868 Shares of Terreno Realty Co. (NYSE:TRNO)

Bank of New York Mellon Corp grew its position in Terreno Realty Co. (NYSE:TRNO – Get Rating) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 611,450 shares of the real estate investment trust’s stock after acquiring an additional 2,868 shares during the quarter. Bank of New York Mellon Corp’s holdings in Terreno Realty were worth $32,401,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Terreno Realty in the first quarter worth $28,000. Wipfli Financial Advisors LLC bought a new position in shares of Terreno Realty during the 3rd quarter worth about $38,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Terreno Realty by 225.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,592 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 1,103 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Terreno Realty in the third quarter valued at about $200,000. Finally, Duality Advisers LP raised its position in Terreno Realty by 10.3% in the second quarter. Duality Advisers LP now owns 3,861 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 360 shares in the last quarter. Institutional investors and hedge funds own 98.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research note on Thursday, February 9th. BTIG Research upped their price target on Terreno Realty from $74.00 to $80.00 in a research report on Thursday, February 9th. Finally, TheStreet raised Terreno Realty from a “c+” rating to a “b-” rating in a report on Wednesday, November 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.33.

Terreno Realty Price Performance

Shares of TRNO stock opened at $60.79 on Tuesday. Terreno Realty Co. has a 52 week low of $50.36 and a 52 week high of $81.01. The stock has a market capitalization of $5.03 billion, a PE ratio of 23.29, a PEG ratio of 3.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s fifty day moving average is $62.74 and its 200-day moving average is $59.01.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 6th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, March 30th. Terreno Realty’s dividend payout ratio is currently 61.30%.

Terreno Realty Profile

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Terreno Realty Corp. is a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.