As Terreno Realty (TRNO) Share Value Declined, Holder Adelante Capital Management Has Upped Stake; As Intercontinental Exchange In (ICE) Share Value Rose, Carmignac Gestion Upped Position

April 17, 2018 - By Linda Rogers

Adelante Capital Management Llc increased its stake in Terreno Realty Corp (TRNO) by 5.02% based on its latest 2017Q4 regulatory filing with the SEC. Adelante Capital Management Llc bought 21,285 shares as the company’s stock declined 1.81% with the market. The hedge fund held 445,470 shares of the real estate company at the end of 2017Q4, valued at $15.62 million, up from 424,185 at the end of the previous reported quarter. Adelante Capital Management Llc who had been investing in Terreno Realty Corp for a number of months, seems to be bullish on the $1.92B market cap company. The stock increased 1.58% or $0.54 during the last trading session, reaching $34.82. About 43,820 shares traded. Terreno Realty Corporation (NYSE:TRNO) has risen 24.54% since April 17, 2017 and is uptrending. It has outperformed by 12.99% the S&P500.

Carmignac Gestion increased its stake in Intercontinental Exchange In (ICE) by 0.62% based on its latest 2017Q4 regulatory filing with the SEC. Carmignac Gestion bought 63,900 shares as the company’s stock rose 2.21% while stock markets declined. The institutional investor held 10.44M shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $736.61 million, up from 10.38M at the end of the previous reported quarter. Carmignac Gestion who had been investing in Intercontinental Exchange In for a number of months, seems to be bullish on the $42.78B market cap company. The stock increased 0.62% or $0.46 during the last trading session, reaching $73.64. About 156,605 shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 20.88% since April 17, 2017 and is uptrending. It has outperformed by 9.33% the S&P500.

Among 20 analysts covering Intercontinental Exchange (NYSE:ICE), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 85% are positive. Intercontinental Exchange had 69 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) has “Market Perform” rating given on Thursday, October 5 by Wells Fargo. The stock of Intercontinental Exchange, Inc. (NYSE:ICE) has “Buy” rating given on Thursday, February 8 by Keefe Bruyette & Woods. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, December 9. The firm has “Buy” rating given on Monday, July 17 by Jefferies. Jefferies maintained Intercontinental Exchange, Inc. (NYSE:ICE) rating on Tuesday, April 11. Jefferies has “Buy” rating and $70 target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, May 10. On Thursday, August 4 the stock rating was maintained by UBS with “Buy”. The company was maintained on Thursday, February 8 by Bank of America. Wood maintained it with “Buy” rating and $63.50 target in Friday, March 24 report. The rating was maintained by RBC Capital Markets with “Buy” on Monday, September 18.

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.23, from 1.05 in 2017Q3. It increased, as 33 investors sold ICE shares while 214 reduced holdings. 80 funds opened positions while 235 raised stakes. 496.95 million shares or 0.82% less from 501.06 million shares in 2017Q3 were reported. Virtus Inv Advisers Inc holds 26,447 shares or 0.07% of its portfolio. Hancock holds 0.02% in Intercontinental Exchange, Inc. (NYSE:ICE) or 7,601 shares. Ameritas Investment Prns accumulated 12,664 shares. Commerzbank Aktiengesellschaft Fi invested in 4,026 shares or 0% of the stock. Moreover, Ca has 0.55% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 52,700 shares. 83,840 were accumulated by Pennsylvania Trust Company. Oregon Pub Employees Retirement Fund reported 62,249 shares or 0.07% of all its holdings. Finemark Bank & Trust Trust invested 0.44% in Intercontinental Exchange, Inc. (NYSE:ICE). Btc Capital reported 13,540 shares. Greenleaf stated it has 315 shares or 0% of all its holdings. Burns J W And Company Inc accumulated 18,628 shares. Jennison Associate Ltd Company holds 0.07% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE) for 1.03 million shares. Peak6 Invests Lp reported 148,077 shares. 468,224 were reported by Junto Lp. Efg Asset Management (Americas) Corp invested 1.51% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE).

Carmignac Gestion, which manages about $15.05B US Long portfolio, decreased its stake in Pdc Energy Inc (NASDAQ:PDCE) by 10,000 shares to 270,000 shares, valued at $13.92 million in 2017Q4, according to the filing. It also reduced its holding in Goldcorp Inc (NYSE:GG) by 490,270 shares in the quarter, leaving it with 30.02 million shares, and cut its stake in Noble Energy Inc (Prn) (Put) (NYSE:NBL).

Investors sentiment decreased to 1.48 in 2017 Q4. Its down 0.43, from 1.91 in 2017Q3. It dropped, as 15 investors sold TRNO shares while 43 reduced holdings. 27 funds opened positions while 59 raised stakes. 50.69 million shares or 0.26% more from 50.56 million shares in 2017Q3 were reported. Usa Portformulas Corporation stated it has 0.07% of its portfolio in Terreno Realty Corporation (NYSE:TRNO). New York State Common Retirement Fund reported 79,257 shares. Swiss Bancorporation has 89,200 shares for 0% of their portfolio. State Of New Jersey Common Pension Fund D has invested 0.02% in Terreno Realty Corporation (NYSE:TRNO). Renaissance Techs Ltd Liability Corporation stated it has 551,400 shares or 0.02% of all its holdings. Dupont Cap owns 51,752 shares. Amundi Pioneer Asset Incorporated has invested 0% in Terreno Realty Corporation (NYSE:TRNO). State Street has invested 0% in Terreno Realty Corporation (NYSE:TRNO). Teachers Ins Annuity Association Of America has 58,066 shares. Barclays Public Limited Com invested in 0% or 9,305 shares. Parametric Associate Ltd Com holds 73,997 shares or 0% of its portfolio. Moreover, Arrowmark Colorado Holdings Lc has 0.01% invested in Terreno Realty Corporation (NYSE:TRNO). Davis Selected Advisers has invested 0.05% in Terreno Realty Corporation (NYSE:TRNO). Prelude Capital Llc, a New York-based fund reported 3,648 shares. Moreover, Westpac has 0.12% invested in Terreno Realty Corporation (NYSE:TRNO) for 149,578 shares.

Adelante Capital Management Llc, which manages about $1.78 billion and $1.84 billion US Long portfolio, decreased its stake in Kilroy Realty (NYSE:KRC) by 8,161 shares to 883,369 shares, valued at $65.94M in 2017Q4, according to the filing. It also reduced its holding in Extra Space Storage Inc (NYSE:EXR) by 14,521 shares in the quarter, leaving it with 599,078 shares, and cut its stake in Alexandria Real Estate Equit (NYSE:ARE).

Among 13 analysts covering Terreno Realty (NYSE:TRNO), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Terreno Realty had 34 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Terreno Realty Corporation (NYSE:TRNO) has “Buy” rating given on Friday, January 12 by Sandler O’Neill. The firm earned “Buy” rating on Monday, October 19 by Sandler O’Neill. The firm earned “Buy” rating on Tuesday, August 11 by National Securities. Robert W. Baird maintained Terreno Realty Corporation (NYSE:TRNO) on Thursday, February 8 with “Hold” rating. The company was maintained on Friday, July 29 by FBR Capital. The rating was initiated by Jefferies on Friday, January 22 with “Hold”. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, October 3. The rating was maintained by KeyBanc Capital Markets on Sunday, November 5 with “Buy”. Sandler O’Neill maintained it with “Buy” rating and $38.0 target in Thursday, February 8 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, September 4.

Terreno Realty Corporation (NYSE:TRNO) Institutional Positions Chart

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By1 Linda Rogers

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