Louisiana State Employees Retirement System Makes New $2.85 Million Investment in Terreno Realty Co. (NYSE:TRNO)

Louisiana State Employees Retirement System acquired a new position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 48,200 shares of the real estate investment trust's stock, valued at approximately $2,851,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Terreno Realty in the third quarter valued at approximately $26,000. Assetmark Inc. grew its position in Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 381 shares during the last quarter. International Assets Investment Management LLC increased its stake in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 987 shares during the period. Huntington National Bank increased its stake in Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 177 shares during the period. Finally, Blue Trust Inc. raised its position in Terreno Realty by 72.6% during the 3rd quarter. Blue Trust Inc. now owns 3,067 shares of the real estate investment trust's stock worth $205,000 after buying an additional 1,290 shares during the last quarter.

Terreno Realty Price Performance

TRNO traded down $0.59 during trading on Monday, reaching $66.74. 617,736 shares of the stock were exchanged, compared to its average volume of 803,422. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 2.71. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 2.85 and a beta of 0.91. Terreno Realty Co. has a 1 year low of $53.78 and a 1 year high of $71.63. The business's 50 day moving average price is $62.24 and its two-hundred day moving average price is $64.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping 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%. As a group, equities research 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be given a $0.49 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 2.94%. Terreno Realty's dividend payout ratio is presently 102.08%.

Analysts Set New Price Targets

TRNO has been the topic of several analyst reports. Piper Sandler lowered their target price 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. BMO Capital Markets lifted their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Barclays reiterated an "equal weight" rating and set a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Scotiabank reduced their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $68.45.

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.