State of Alaska Department of Revenue Purchases 57,124 Shares of Terreno Realty Co. (NYSE:TRNO)

State of Alaska Department of Revenue raised its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 126.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 102,421 shares of the real estate investment trust's stock after acquiring an additional 57,124 shares during the period. State of Alaska Department of Revenue owned approximately 0.10% of Terreno Realty worth $6,056,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FMR LLC raised its holdings in Terreno Realty by 16.4% during the 3rd 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Terreno Realty by 339.7% during the third 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 acquiring an additional 472,125 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Terreno Realty by 59.8% in the 3rd 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. Charles Schwab Investment Management Inc. increased its holdings in Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after purchasing an additional 315,506 shares in the last quarter. Finally, Barclays PLC increased its holdings in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after purchasing an additional 96,380 shares in the last quarter.

Terreno Realty Stock Performance

Shares of NYSE:TRNO traded up $0.06 on Tuesday, hitting $66.88. The company had a trading volume of 978,776 shares, compared to its average volume of 892,018. The stock has a 50 day moving average price of $61.68 and a 200 day moving average price of $64.05. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 34.83, 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.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.93%. Terreno Realty's payout ratio is presently 102.08%.

Analyst Upgrades and Downgrades

TRNO has been the subject of several recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday. Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price for the company. BMO Capital Markets initiated coverage on shares of Terreno Realty in a research note on Tuesday, February 4th. They issued a "market perform" rating and a $71.00 price target on the stock. Finally, Piper Sandler reduced their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $68.27.

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.