Nomura Asset Management Co. Ltd. Acquires 1,670 Shares of Terreno Realty Co. (TRNO)

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Nomura Asset Management Co. Ltd. raised its holdings in Terreno Realty Co. (NYSE:TRNO) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,650 shares of the real estate investment trust’s stock after purchasing an additional 1,670 shares during the period. Nomura Asset Management Co. Ltd. owned 0.06% of Terreno Realty worth $1,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State of Alaska Department of Revenue lifted its holdings in shares of Terreno Realty by 3.2% in the fourth quarter. State of Alaska Department of Revenue now owns 18,954 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 591 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Terreno Realty by 7.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Terreno Realty by 4.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,954 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 689 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Terreno Realty by 16.1% in the third quarter. Neuberger Berman Group LLC now owns 6,907 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 958 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Terreno Realty by 10.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,047 shares of the real estate investment trust’s stock valued at $379,000 after purchasing an additional 1,031 shares in the last quarter.

Shares of TRNO opened at $41.78 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The company has a market cap of $2.60 billion, a P/E ratio of 38.33, a PEG ratio of 3.46 and a beta of 0.83. Terreno Realty Co. has a 1 year low of $33.24 and a 1 year high of $42.70.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, March 28th. Terreno Realty’s payout ratio is 88.07%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Thursday, December 20th. ValuEngine raised shares of Terreno Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.75.

In other news, Director David M. Lee acquired 5,000 shares of Terreno Realty stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average price of $42.04 per share, with a total value of $210,200.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $210,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

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About Terreno Realty

Terreno Realty Corporation 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

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

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