BlackRock Amends Terreno Realty Stake, Signals Passive Investment
Ticker: TRNO · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1476150
| Field | Detail |
|---|---|
| Company | Terreno Realty Corp (TRNO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Terreno Realty stake, still a big passive holder.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Terreno Realty Corp (TRNO) common stock as of December 31, 2023. This filing, Amendment No. 11, updates previous disclosures about BlackRock's passive investment in the real estate company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in Terreno Realty's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued significant, but passive, ownership in Terreno Realty Corp, which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or change in company operations.
Analyst Insight
Investors should note BlackRock's continued passive stake in Terreno Realty Corp, which suggests a stable, long-term institutional interest. While not a direct buy signal, it indicates a major player sees value in the company.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Terreno Realty Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires the filing
- January 24, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 11 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11)'.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section of the header.
What is the subject company whose securities are being reported?
The subject company is Terreno Realty Corp, as indicated by 'SUBJECT COMPANY: COMPANY CONFORMED NAME: Terreno Realty Corp' and '(Name of Issuer) TERRENO REALTY CORP'.
What was the date of the event that triggered this filing?
The date of the event which requires this filing was December 31, 2023, as specified by 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Terreno Realty Corp (TRNO).