State of New Jersey Common Pension Fund D Sells 25,339 Shares of Terreno Realty Co. (NYSE:TRNO)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 26.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,949 shares of the real estate investment trust's stock after selling 25,339 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Terreno Realty worth $4,675,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Terreno Realty during the 3rd quarter worth about $26,000. Assetmark Inc. boosted its holdings in Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Terreno Realty during the 2nd quarter worth $48,000. EntryPoint Capital LLC increased its position in shares of Terreno Realty by 80.3% during the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 419 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 987 shares during the period.

Wall Street Analyst Weigh In

Several analysts have commented on TRNO shares. Wolfe Research raised shares of Terreno Realty to a "hold" rating in a research note on Sunday, September 22nd. Mizuho reissued an "underperform" rating and set a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. Wedbush reiterated a "neutral" rating and issued a $70.00 price objective (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Barclays reduced their price objective on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company cut Terreno Realty from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $69.22.

Terreno Realty Stock Up 1.3 %

Shares of NYSE:TRNO traded up $0.81 during trading on Wednesday, reaching $61.81. The stock had a trading volume of 694,894 shares, compared to its average volume of 709,005. The company has a market capitalization of $6.16 billion, a P/E ratio of 34.18, a PEG ratio of 2.81 and a beta of 0.90. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The firm's 50-day simple moving average is $65.00 and its 200 day simple moving average is $62.88. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). The company had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. As a group, research analysts expect that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be paid a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.17%. Terreno Realty's dividend payout ratio (DPR) is presently 107.69%.

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.