Public Employees Retirement Association of Colorado Has $33.77 Million Stake in Terreno Realty Co. (NYSE:TRNO)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 571,064 shares of the real estate investment trust’s stock after selling 136,800 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Terreno Realty were worth $33,773,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC boosted its stake in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after acquiring an additional 96,380 shares in the last quarter. KBC Group NV boosted its position in shares of Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 1,059 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Terreno Realty by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 178,760 shares of the real estate investment trust’s stock valued at $10,561,000 after buying an additional 2,755 shares during the period. New York State Teachers Retirement System bought a new stake in Terreno Realty in the 4th quarter valued at about $1,342,000. Finally, Tidal Investments LLC raised its stake in Terreno Realty by 15.9% during the 3rd quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock worth $4,134,000 after buying an additional 8,490 shares during the period.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $56.63 on Friday. Terreno Realty Co. has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The company’s 50-day moving average is $62.07 and its 200 day moving average is $62.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $5.83 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (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%. On average, equities research analysts forecast that Terreno Realty Co. will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, March 27th. Terreno Realty’s payout ratio is currently 102.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TRNO shares. JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Piper Sandler reduced their price target on shares of Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Scotiabank lowered their target price on shares of Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $66.45.

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.