Public Employees Retirement System of Ohio Boosts Stock Position in Terreno Realty Co. (NYSE:TRNO)

Public Employees Retirement System of Ohio grew its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 10.8% during the 1st quarter, HoldingsChannel reports. The fund owned 133,856 shares of the real estate investment trust’s stock after buying an additional 13,064 shares during the period. Public Employees Retirement System of Ohio’s holdings in Terreno Realty were worth $8,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd raised its position in shares of Terreno Realty by 7.2% in the first quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 197 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its position in shares of Terreno Realty by 3.3% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 6,304 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 200 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Terreno Realty by 5.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,546 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 269 shares in the last quarter. Caprock Group LLC raised its position in shares of Terreno Realty by 2.1% in the first quarter. Caprock Group LLC now owns 14,355 shares of the real estate investment trust’s stock worth $960,000 after buying an additional 292 shares in the last quarter. Finally, Westpac Banking Corp raised its position in shares of Terreno Realty by 2.1% in the fourth quarter. Westpac Banking Corp now owns 15,616 shares of the real estate investment trust’s stock worth $979,000 after buying an additional 323 shares in the last quarter.

Terreno Realty Trading Down 0.4 %

Shares of NYSE:TRNO traded down $0.30 on Monday, reaching $68.42. 417,627 shares of the company traded hands, compared to its average volume of 710,266. The company has a current ratio of 10.17, a quick ratio of 10.17 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.62 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 3.35 and a beta of 0.89. Terreno Realty Co. has a 52 week low of $50.42 and a 52 week high of $69.53. The business’s 50-day simple moving average is $60.17 and its 200 day simple moving average is $60.61.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.18). The business had revenue of $85.03 million during the quarter, compared to the consensus estimate of $86.56 million. Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. As a group, equities analysts anticipate that Terreno Realty Co. will post 2.28 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. Terreno Realty’s payout ratio is presently 93.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TRNO shares. Mizuho increased their price objective on Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Scotiabank lowered their price target on Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 16th. BNP Paribas initiated coverage on Terreno Realty in a research report on Tuesday, June 4th. They set an “outperform” rating and a $68.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on Terreno Realty from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Terreno Realty presently has an average rating of “Hold” and a consensus price target of $64.78.

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.