Public Employees Retirement System of Ohio Purchases New Position in Terreno Realty Corporation $TRNO

Public Employees Retirement System of Ohio acquired a new position in Terreno Realty Corporation (NYSE:TRNO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 122,697 shares of the real estate investment trust’s stock, valued at approximately $7,947,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of Terreno Realty by 90.2% during the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 378 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 purchasing an additional 350 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $25,000 after purchasing an additional 189 shares during the period. First Trust Advisors LP lifted its holdings in Terreno Realty by 78.9% during the 2nd quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock worth $2,942,000 after purchasing an additional 23,135 shares in the last quarter. Finally, Amundi lifted its holdings in Terreno Realty by 18.6% during the 2nd quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock worth $3,799,000 after purchasing an additional 10,525 shares in the last quarter.

Insider Buying and Selling

In other Terreno Realty news, EVP John Tull Meyer sold 4,447 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total value of $305,242.08. Following the completion of the transaction, the executive vice president owned 131,825 shares of the company’s stock, valued at $9,048,468. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael A. Coke sold 8,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the completion of the transaction, the president directly owned 425,381 shares in the company, valued at $29,087,552.78. The trade was a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TRNO has been the subject of several analyst reports. KeyCorp raised their target price on Terreno Realty from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Raymond James Financial initiated coverage on Terreno Realty in a research report on Wednesday, June 17th. They set an “underperform” rating on the stock. Robert W. Baird set a $69.00 price target on shares of Terreno Realty in a report on Friday, May 8th. Scotiabank boosted their price objective on shares of Terreno Realty from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Citigroup upped their target price on shares of Terreno Realty from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Terreno Realty presently has an average rating of “Moderate Buy” and a consensus target price of $73.29.

Terreno Realty Price Performance

NYSE:TRNO opened at $66.42 on Wednesday. Terreno Realty Corporation has a 52-week low of $55.71 and a 52-week high of $78.94. The stock has a fifty day moving average of $69.30 and a 200 day moving average of $66.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 17.81 and a beta of 1.03.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.13. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%.The business had revenue of $124.71 million for the quarter, compared to analyst estimates of $127.15 million. On average, research analysts expect that Terreno Realty Corporation will post 2.83 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.4%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, September 30th. Terreno Realty’s dividend payout ratio (DPR) is currently 55.76%.

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.