Short Interest to Follow: Is Buying Terreno Realty Corporation (NYSE:TRNO), Having Higher Short Interest a Winning Strategy?

November 18, 2016 - By Nellie Frank   ·   0 Comments

Short Interest to Follow: Is Buying Terreno Realty Corporation (NYSE:TRNO), Having Higher Short Interest a Winning Strategy?

The stock of Terreno Realty Corporation (NYSE:TRNO) registered an increase of 12.59% in short interest. TRNO’s total short interest was 972,200 shares in November as published by FINRA. Its up 12.59% from 863,500 shares, reported previously. With 223,300 shares average volume, it will take short sellers 4 days to cover their TRNO’s short positions. The short interest to Terreno Realty Corporation’s float is 2.19%. The stock increased 0.70% or $0.18 during the last trading session, hitting $26.04. Terreno Realty Corporation (NYSE:TRNO) has risen 13.76% since April 18, 2016 and is uptrending. It has outperformed by 9.33% the S&P500.

Terreno Realty Corporation is a real estate investment trust. The company has a market cap of $1.23 billion. The Firm 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, D.C./Baltimore. It has a 111.87 P/E ratio. The Firm invests in various types of industrial real estate, including warehouse/distribution; flex, which include light industrial and research and development (R&D), and trans-shipment.

Insitutional Activity: The institutional sentiment decreased to 1.38 in Q2 2016. Its down 0.73, from 2.11 in 2016Q1. The ratio turned negative, as 6 funds sold all Terreno Realty Corporation shares owned while 31 reduced positions. 19 funds bought stakes while 59 increased positions. They now own 44.50 million shares or 4.28% more from 42.67 million shares in 2016Q1.
Alliancebernstein Limited Partnership last reported 80,500 shares in the company. Teachers Ins & Annuity Association Of America holds 0.05% or 46,459 shares in its portfolio. Westpac Bk Corporation, a Australia-based fund reported 192,672 shares. Alpine Woods Cap Invsts Limited Liability Company last reported 51,058 shares in the company. Dimensional Fund Advisors L P holds 0.01% of its portfolio in Terreno Realty Corporation (NYSE:TRNO) for 403,024 shares. Moreover, Jennison Assoc Ltd Liability Com has 0% invested in Terreno Realty Corporation (NYSE:TRNO) for 14,568 shares. Jpmorgan Chase And Company last reported 23,066 shares in the company. Schwab Charles Management has 0.01% invested in the company for 156,814 shares. Strs Ohio has 0.01% invested in the company for 78,751 shares. Thrivent For Lutherans holds 0.08% or 687,038 shares in its portfolio. Moreover, Credit Agricole S A has 0% invested in Terreno Realty Corporation (NYSE:TRNO) for 16,954 shares. Ny State Common Retirement Fund, a New York-based fund reported 42,900 shares. Moreover, Nomura Asset Mngmt has 0.01% invested in Terreno Realty Corporation (NYSE:TRNO) for 27,760 shares. Aqr Mngmt Llc holds 41,949 shares or 0% of its portfolio. Westwood Holdings Grp Incorporated Inc owns 492,409 shares or 0.11% of their US portfolio.

Terreno Realty Corporation (NYSE:TRNO) Ratings Coverage

Out of 8 analysts covering Terreno Realty (NYSE:TRNO), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Terreno Realty has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Compass Point maintained Terreno Realty Corporation (NYSE:TRNO) rating on Thursday, February 11. Compass Point has “Neutral” rating and $23 price target. FBR Capital initiated the stock with “Market Perform” rating in Thursday, March 17 report. The firm has “Buy” rating by National Securities given on Tuesday, August 11. The firm has “Hold” rating by Jefferies given on Friday, January 22. The firm has “Mkt Perform” rating given on Monday, August 22 by JMP Securities. The rating was initiated by Sandler O’Neill with “Buy” on Monday, October 19. The firm has “Buy” rating given on Thursday, August 25 by BTIG Research. Cowen & Co initiated Terreno Realty Corporation (NYSE:TRNO) on Wednesday, August 12 with “Outperform” rating. The rating was downgraded by Robert W. Baird on Thursday, January 7 to “Neutral”. Compass Point downgraded Terreno Realty Corporation (NYSE:TRNO) on Thursday, November 5 to “Neutral” rating.

TRNO Company Profile

Terreno Realty Corporation (Terreno), incorporated on November 6, 2009, is a real estate investment trust. The Firm 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, D.C./Baltimore. The Firm invests in various types of industrial real estate, including warehouse/distribution; flex, which include light industrial and research and development (R&D), and trans-shipment.

More notable recent Terreno Realty Corporation (NYSE:TRNO) news were published by: Businesswire.com which released: “Terreno Realty Corporation Acquires Building in Carlstadt, NJ for $5.0 Million” on November 17, 2016, also Businesswire.com with their article: “Terreno Realty Corporation Announces Leasing Update in Washington, D.C.” published on November 14, 2016, Reuters.com published: “BRIEF-Terreno Realty Corporation declares quarterly dividend” on November 02, 2016. More interesting news about Terreno Realty Corporation (NYSE:TRNO) were released by: Businesswire.com and their article: “Terreno Realty Corporation Acquires Building in Miami, FL for $6.1 Million” published on November 03, 2016 as well as Businesswire.com‘s news article titled: “Terreno Realty Corporation Announces Quarterly Operating, Investment and …” with publication date: October 11, 2016.

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By Nellie Frank


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