Public Employees Retirement Association of Colorado Has $33.77 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Public Employees Retirement Association of Colorado trimmed its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 571,064 shares of the real estate investment trust's stock after selling 136,800 shares during the period. Public Employees Retirement Association of Colorado owned 0.57% of Terreno Realty worth $33,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mariner LLC boosted its stake in shares of Terreno Realty by 3.7% in the fourth quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock valued at $264,000 after buying an additional 161 shares during the period. First Trust Advisors LP lifted its position in shares of Terreno Realty by 0.9% during the 4th quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock valued at $1,810,000 after acquiring an additional 271 shares during the period. Arizona State Retirement System grew its holdings in shares of Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock worth $1,663,000 after purchasing an additional 276 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Terreno Realty by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust's stock worth $591,000 after purchasing an additional 316 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 361 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on TRNO. Scotiabank decreased their target price on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. BMO Capital Markets boosted 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 report on Wednesday, February 12th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and raised their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities restated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Barclays decreased their target price on Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $66.45.

Terreno Realty Trading Down 0.7 %

Shares of NYSE TRNO opened at $56.63 on Friday. The firm has a 50 day moving average price of $62.07 and a two-hundred day moving average price of $62.04. The stock has a market cap of $5.83 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a 52-week low of $48.18 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.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating 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 analysts forecast that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.

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.

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