Terreno Realty Corporation (NYSE:TRNO) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Terreno Realty Corporation (NYSE:TRNO) by 38.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,273 shares of the real estate investment trust’s stock after selling 12,125 shares during the quarter. Teacher Retirement System of Texas’ holdings in Terreno Realty were worth $1,218,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System grew its position in Terreno Realty by 0.9% in the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock valued at $1,448,000 after acquiring an additional 200 shares in the last quarter. KBC Group NV grew its position in shares of Terreno Realty by 12.8% during the first quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 470 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Terreno Realty during the first quarter worth approximately $948,000. GAMMA Investing LLC grew its position in shares of Terreno Realty by 840.2% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 1,109 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Terreno Realty by 20.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,916 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 988 shares in the last quarter.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $58.10 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $57.40 and its two-hundred day moving average is $60.50. The company has a market cap of $6.00 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.48 and a beta of 1.06. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $71.63.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, June 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.37%. Terreno Realty’s payout ratio is presently 98.49%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TRNO shares. Wells Fargo & Company decreased their price target on shares of Terreno Realty from $67.00 to $63.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Scotiabank decreased their price target on shares of Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating for the company in a research report on Monday, April 7th. Wall Street Zen upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, May 20th. Piper Sandler reduced their price objective on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays reduced their price objective on Terreno Realty from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $65.00.

About Terreno Realty

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.