Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Position in Terreno Realty Co. (NYSE:TRNO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Terreno Realty Co. (NYSE:TRNO) by 214.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,184 shares of the real estate investment trust’s stock after buying an additional 35,600 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Terreno Realty were worth $3,086,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRNO. Teacher Retirement System of Texas raised its position in shares of Terreno Realty by 185.0% during the 4th quarter. Teacher Retirement System of Texas now owns 31,398 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 20,380 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Terreno Realty during the fourth quarter valued at about $76,000. Maryland State Retirement & Pension System purchased a new position in shares of Terreno Realty in the fourth quarter valued at about $1,986,000. Xponance Inc. boosted its stake in shares of Terreno Realty by 9.5% in the fourth quarter. Xponance Inc. now owns 6,861 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 597 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Terreno Realty by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust’s stock valued at $76,183,000 after purchasing an additional 14,995 shares during the period.

Terreno Realty Stock Performance

NYSE:TRNO opened at $64.10 on Tuesday. The firm has a market capitalization of $6.40 billion, a PE ratio of 33.39, a PEG ratio of 2.82 and a beta of 0.93. The stock’s fifty day moving average is $65.89 and its 200 day moving average is $63.75. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, sell-side analysts anticipate that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.06%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, Barclays restated an “equal weight” rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Terreno Realty has a consensus rating of “Hold” and an average price target of $69.36.

Terreno Realty Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.