The UBS Asset Management Americas Inc. Increases Position in Terreno Realty Corp. (TRNO)

The UBS Asset Management Americas Inc. Increases Position in Terreno Realty Corp. (TRNO)

UBS Asset Management Americas Inc. increased its position in shares of Terreno Realty Corp. (NYSE:TRNO) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 62,018 shares of the company’s stock after buying an additional 1,200 shares during the period. UBS Asset Management Americas Inc. owned 0.14% of Terreno Realty Corp. worth $1,605,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of Terreno Realty Corp. by 5.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,440,798 shares of the company’s stock worth $33,787,000 after buying an additional 68,704 shares during the period. Resolution Capital Ltd raised its position in shares of Terreno Realty Corp. by 8.5% in the second quarter. Resolution Capital Ltd now owns 1,067,514 shares of the company’s stock worth $27,617,000 after buying an additional 83,245 shares during the period. Capital Analysts LLC raised its position in shares of Terreno Realty Corp. by 573.3% in the second quarter. Capital Analysts LLC now owns 14,812 shares of the company’s stock worth $853,000 after buying an additional 12,612 shares during the period. BlackRock Group LTD raised its position in shares of Terreno Realty Corp. by 5.0% in the first quarter. BlackRock Group LTD now owns 276,722 shares of the company’s stock worth $6,488,000 after buying an additional 13,138 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in shares of Terreno Realty Corp. during the second quarter worth approximately $4,634,000.

Shares of Terreno Realty Corp. (NYSE:TRNO) traded up 1.66% during trading on Wednesday, reaching $25.72. 13,844 shares of the company traded hands. The stock has a market capitalization of $1.17 billion, a PE ratio of 98.17 and a beta of 0.49. Terreno Realty Corp. has a 12-month low of $20.44 and a 12-month high of $28.29. The firm’s 50-day moving average is $26.86 and its 200-day moving average is $25.23.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be given a $0.20 dividend. The ex-dividend date is Wednesday, October 5th. This is an increase from Terreno Realty Corp.’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.16%. Terreno Realty Corp.’s dividend payout ratio is currently 307.70%.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Terreno Realty Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, July 30th. Jefferies Group restated a “hold” rating and set a $23.00 target price on shares of Terreno Realty Corp. in a research report on Wednesday, July 6th. BTIG Research assumed coverage on shares of Terreno Realty Corp. in a research report on Thursday, August 25th. They set a “buy” rating and a $30.00 target price on the stock. Compass Point increased their target price on shares of Terreno Realty Corp. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 28th. Finally, FBR & Co increased their target price on shares of Terreno Realty Corp. from $24.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.

About Terreno Realty Corp.

Terreno Realty Corporation (Terreno) is a real estate investment trust. The Company acquires, owns and operates industrial real estate located in approximately six coastal United States markets, such as Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area, and Washington, DC/Baltimore.

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