Metropolitan Life Insurance Co. NY Sells 16,509 Shares of Terreno Realty (TRNO)

Metropolitan Life Insurance Co. NY reduced its stake in shares of Terreno Realty (NYSE:TRNO) by 45.7% in the fourth quarter, HoldingsChannel reports. The firm owned 19,628 shares of the real estate investment trust’s stock after selling 16,509 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Terreno Realty were worth $688,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of Terreno Realty by 33,325.0% in the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 6,665 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Terreno Realty by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 430,426 shares of the real estate investment trust’s stock valued at $15,574,000 after acquiring an additional 9,306 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Terreno Realty by 6.4% in the third quarter. Russell Investments Group Ltd. now owns 49,954 shares of the real estate investment trust’s stock valued at $1,808,000 after acquiring an additional 3,000 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Terreno Realty by 28.2% in the third quarter. SG Americas Securities LLC now owns 7,557 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 1,664 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of Terreno Realty by 8.1% in the third quarter. American International Group Inc. now owns 32,849 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 2,456 shares in the last quarter. 99.46% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have recently issued reports on TRNO shares. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 target price on shares of Terreno Realty in a report on Tuesday, January 9th. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, January 11th. Sandler O’Neill set a $40.00 target price on Terreno Realty and gave the company a “buy” rating in a report on Friday, January 12th. DA Davidson reiterated a “buy” rating on shares of Terreno Realty in a research note on Friday, February 9th. Finally, B. Riley set a $36.00 price objective on Terreno Realty and gave the company a “hold” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $37.73.

Terreno Realty stock opened at $33.87 on Monday. Terreno Realty has a 12 month low of $28.30 and a 12 month high of $38.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1,878.73, a P/E ratio of 31.07, a PEG ratio of 2.81 and a beta of 0.74.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.09). Terreno Realty had a net margin of 38.61% and a return on equity of 5.45%. The firm had revenue of $34.63 million during the quarter, compared to analysts’ expectations of $34.86 million. analysts predict that Terreno Realty will post 1.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 28th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 annualized dividend and a yield of 2.60%. Terreno Realty’s payout ratio is 80.73%.

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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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

Want to see what other hedge funds are holding TRNO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Terreno Realty (NYSE:TRNO).

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

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