California Public Employees Retirement System Has $10.11 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

California Public Employees Retirement System lessened its stake in Terreno Realty Co. (NYSE:TRNO – Get Rating) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,712 shares of the real estate investment trust’s stock after selling 2,122 shares during the quarter. California Public Employees Retirement System owned about 0.23% of Terreno Realty worth $10,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. American Assets Investment Management LLC grew its position in shares of Terreno Realty by 4.5% during the 4th quarter. American Assets Investment Management LLC now owns 3,949 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 170 shares during the period. Amalgamated Bank grew its position in shares of Terreno Realty by 2.2% during the 3rd quarter. Amalgamated Bank now owns 9,657 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 211 shares during the period. Advisor Group Holdings Inc. grew its position in shares of Terreno Realty by 6.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 253 shares during the period. Park Avenue Securities LLC grew its position in shares of Terreno Realty by 6.1% during the 4th quarter. Park Avenue Securities LLC now owns 4,506 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 259 shares during the period. Finally, Raymond James Trust N.A. grew its position in shares of Terreno Realty by 8.2% during the 4th quarter. Raymond James Trust N.A. now owns 4,088 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 98.53% of the company’s stock.

Terreno Realty Stock Performance

Shares of TRNO opened at $61.96 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.21 and a current ratio of 0.21. Terreno Realty Co. has a twelve month low of $50.36 and a twelve month high of $67.03. The firm’s 50 day moving average price is $62.16 and its two-hundred day moving average price is $60.73. The firm has a market cap of $5.16 billion, a P/E ratio of 23.47, a PEG ratio of 3.15 and a beta of 0.83.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, June 29th. Terreno Realty’s dividend payout ratio is presently 60.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRNO shares. JMP Securities reiterated a “market outperform” rating and set a $71.00 price target on shares of Terreno Realty in a research report on Monday, April 3rd. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Finally, BTIG Research lifted their price objective on shares of Terreno Realty from $74.00 to $80.00 in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.56.

Terreno Realty Company Profile

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Terreno Realty Corp. is a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.