Terreno Realty Corporation (TRNO) Position Cut by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,520 shares of the real estate investment trust’s stock after selling 2,540 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.06% of Terreno Realty worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Terreno Realty by 17.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 500 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Terreno Realty by 67.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,680 shares in the last quarter. GAM Holding AG increased its position in Terreno Realty by 7.6% during the 2nd quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 300 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Terreno Realty by 16.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 600 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Terreno Realty by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 398 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Terreno Realty Corporation (NYSE:TRNO) traded up $0.45 during trading on Friday, reaching $37.22. The company’s stock had a trading volume of 990,524 shares, compared to its average volume of 351,579. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2,030.43, a P/E ratio of 36.14, a PEG ratio of 3.37 and a beta of 0.79. Terreno Realty Corporation has a twelve month low of $26.30 and a twelve month high of $38.54.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.36%. Terreno Realty’s payout ratio is presently 114.29%.

Several brokerages recently issued reports on TRNO. B. Riley reaffirmed a “neutral” rating on shares of Terreno Realty in a research report on Friday, November 3rd. Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Jefferies Group reaffirmed a “hold” rating and set a $34.00 target price on shares of Terreno Realty in a research report on Tuesday, October 3rd. FBR & Co reaffirmed a “neutral” rating and set a $39.00 target price on shares of Terreno Realty in a research report on Tuesday, October 3rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $39.00 target price (up from $35.00) on shares of Terreno Realty in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Terreno Realty has a consensus rating of “Hold” and an average price target of $37.50.

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About Terreno Realty

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 (NYSE:TRNO)

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