Bessemer Group Inc. Has $179,000 Stake in Terreno Realty Co. (TRNO)

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Bessemer Group Inc. trimmed its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 25.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,100 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. Bessemer Group Inc.’s holdings in Terreno Realty were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. We Are One Seven LLC purchased a new position in shares of Terreno Realty during the 4th quarter worth approximately $41,000. Parametrica Management Ltd purchased a new position in shares of Terreno Realty during the 4th quarter worth approximately $207,000. Federated Investors Inc. PA raised its stake in shares of Terreno Realty by 48.6% during the 3rd quarter. Federated Investors Inc. PA now owns 6,020 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,970 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Terreno Realty by 16.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,907 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 958 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Terreno Realty during the 4th quarter worth approximately $283,000. 98.37% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Terreno Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Terreno Realty currently has a consensus rating of “Buy” and a consensus price target of $42.75.

TRNO opened at $41.98 on Friday. The company has a market capitalization of $2.58 billion, a P/E ratio of 38.51, a PEG ratio of 3.46 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.25. Terreno Realty Co. has a 1-year low of $33.24 and a 1-year high of $42.70.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, March 28th. Terreno Realty’s dividend payout ratio is currently 88.07%.

In other news, Director David M. Lee purchased 5,000 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average price of $42.04 per share, for a total transaction of $210,200.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $210,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

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Terreno Realty Company Profile

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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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 Co. (NYSE:TRNO).

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

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