Public Sector Pension Investment Board Grows Position in Terreno Realty Corporation $TRNO

Public Sector Pension Investment Board grew its stake in Terreno Realty Corporation (NYSE:TRNO) by 14.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 402,986 shares of the real estate investment trust’s stock after buying an additional 50,750 shares during the period. Public Sector Pension Investment Board’s holdings in Terreno Realty were worth $22,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 189 shares during the period. Mather Group LLC. purchased a new position in shares of Terreno Realty in the third quarter worth about $25,000. First Horizon Corp acquired a new stake in shares of Terreno Realty during the third quarter worth about $26,000. Geneos Wealth Management Inc. lifted its stake in Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Terreno Realty by 140.6% in the 2nd quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 357 shares during the last quarter.

Terreno Realty Stock Up 2.4%

Shares of TRNO opened at $66.06 on Friday. The firm has a market cap of $6.88 billion, a P/E ratio of 16.94, a PEG ratio of 2.58 and a beta of 1.13. Terreno Realty Corporation has a 12 month low of $48.18 and a 12 month high of $69.20. The stock’s 50 day moving average is $61.45 and its two-hundred day moving average is $59.48. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.68. The business had revenue of $137.48 million during the quarter, compared to the consensus estimate of $124.72 million. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%. Analysts predict that Terreno Realty Corporation will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, March 27th. Terreno Realty’s payout ratio is presently 53.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRNO. KeyCorp raised their target price on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday. Barclays reissued a “positive” rating and issued a $60.00 price objective on shares of Terreno Realty in a report on Tuesday, January 13th. Citigroup upped their target price on Terreno Realty from $64.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday. Cantor Fitzgerald boosted their price target on Terreno Realty from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, iA Financial set a $75.00 price objective on Terreno Realty in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Terreno Realty has an average rating of “Moderate Buy” and a consensus target price of $69.36.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.