Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.09 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Terreno Realty Co. (NYSE:TRNO - Free Report) by 214.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,184 shares of the real estate investment trust's stock after purchasing an additional 35,600 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Terreno Realty worth $3,086,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC grew its position in Terreno Realty by 16.4% during the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after buying an additional 1,496,666 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Terreno Realty by 339.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust's stock worth $40,842,000 after purchasing an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Terreno Realty by 59.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust's stock worth $70,473,000 after purchasing an additional 394,436 shares during the period. Bank of New York Mellon Corp raised its stake in Terreno Realty by 58.3% in the fourth quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust's stock valued at $56,070,000 after purchasing an additional 349,060 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Terreno Realty during the fourth quarter worth about $19,792,000.

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Terreno Realty Trading Down 1.6 %

Shares of TRNO stock traded down $1.02 during mid-day trading on Tuesday, hitting $63.02. The company's stock had a trading volume of 681,251 shares, compared to its average volume of 861,256. Terreno Realty Co. has a 52 week low of $53.78 and a 52 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. The company's fifty day simple moving average is $65.89 and its 200-day simple moving average is $63.75. The company has a market cap of $6.29 billion, a PE ratio of 32.82, a P/E/G ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, equities research analysts expect that Terreno Realty Co. will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.11%. Terreno Realty's dividend payout ratio (DPR) is presently 102.08%.

Wall Street Analyst Weigh In

TRNO has been the subject of a number of recent analyst reports. 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 target for the company. Barclays reduced their price objective on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Scotiabank raised their price target on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, February 28th. BMO Capital Markets increased 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 note on Wednesday, February 12th. Finally, The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.09.

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.