New York State Common Retirement Fund Has $4.83 Million Stock Position in Terreno Realty Co. (NYSE:TRNO)

New York State Common Retirement Fund lifted its holdings in Terreno Realty Co. (NYSE:TRNO) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,052 shares of the real estate investment trust’s stock after acquiring an additional 3,367 shares during the period. New York State Common Retirement Fund’s holdings in Terreno Realty were worth $4,829,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Terreno Realty by 1.4% in the third quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock valued at $677,009,000 after buying an additional 168,728 shares in the last quarter. Wellington Management Group LLP raised its holdings in Terreno Realty by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 598,005 shares of the real estate investment trust’s stock valued at $33,967,000 after acquiring an additional 46,475 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Terreno Realty by 12.0% during the 3rd quarter. Townsquare Capital LLC now owns 22,073 shares of the real estate investment trust’s stock valued at $1,254,000 after acquiring an additional 2,364 shares during the period. Wolverine Asset Management LLC increased its position in shares of Terreno Realty by 63.9% in the third quarter. Wolverine Asset Management LLC now owns 27,224 shares of the real estate investment trust’s stock worth $1,546,000 after purchasing an additional 10,617 shares during the period. Finally, Invesco Ltd. lifted its position in Terreno Realty by 11.1% during the third quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock worth $233,632,000 after purchasing an additional 411,973 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Wedbush reissued a “neutral” rating and set a $67.00 price target on shares of Terreno Realty in a report on Thursday, March 28th. Scotiabank raised their price objective on Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research note on Monday, February 12th. Piper Sandler lifted their target price on Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a report on Saturday, March 23rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.11.

Terreno Realty Price Performance

Terreno Realty stock opened at $54.89 on Friday. The company has a market capitalization of $5.30 billion, a PE ratio of 30.33, a P/E/G ratio of 2.52 and a beta of 0.85. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $61.27 and a two-hundred day moving average price of $59.92. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $66.63.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. The business had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. Analysts expect that Terreno Realty Co. will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.28%. Terreno Realty’s dividend payout ratio (DPR) is presently 99.45%.

Terreno Realty Company 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.