Public Employees Retirement System of Ohio Acquires 6,980 Shares of Terreno Realty Corporation $TRNO

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Terreno Realty Corporation by 4.9%, acquiring an additional 6,980 shares, bringing its total ownership to 149,852 shares valued at $8.4 million.
• Terreno Realty has recently declared a quarterly dividend of $0.52, an increase from the previous $0.49, which represents an annualized yield of 3.6% and will be paid on October 10th.
• Analysts have set varied price targets for Terreno Realty, with Wells Fargo reducing its target from $63 to $60, while Goldman Sachs maintains a "buy" rating with a target price of $64.

Public Employees Retirement System of Ohio raised its holdings in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,852 shares of the real estate investment trust's stock after purchasing an additional 6,980 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Terreno Realty worth $8,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its stake in shares of Terreno Realty by 233.9% during the first quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust's stock valued at $1,213,000 after purchasing an additional 13,445 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Terreno Realty by 0.9% during the first quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust's stock valued at $1,448,000 after acquiring an additional 200 shares in the last quarter. KBC Group NV increased its position in shares of Terreno Realty by 12.8% during the first quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust's stock valued at $261,000 after acquiring an additional 470 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Terreno Realty during the first quarter valued at approximately $948,000. Finally, GAMMA Investing LLC increased its position in shares of Terreno Realty by 840.2% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 1,109 shares in the last quarter.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total value of $539,600.00. Following the sale, the president owned 412,415 shares in the company, valued at $22,253,913.40. The trade was a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

Terreno Realty Trading Up 0.4%

Shares of Terreno Realty stock opened at $57.64 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75. Terreno Realty Corporation has a 1-year low of $48.18 and a 1-year high of $69.20. The company's fifty day simple moving average is $56.69 and its 200-day simple moving average is $57.61. The stock has a market capitalization of $5.95 billion, a PE ratio of 22.87, a P/E/G ratio of 2.46 and a beta of 1.06.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, September 29th. This is an increase from Terreno Realty's previous quarterly dividend of $0.49. Terreno Realty's dividend payout ratio is presently 77.78%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Piper Sandler raised their price target on shares of Terreno Realty from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. KeyCorp cut their target price on shares of Terreno Realty from $70.00 to $64.00 and set an "overweight" rating for the company in a research report on Thursday, August 21st. Barclays lifted their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday, September 15th. Finally, The Goldman Sachs Group set a $64.00 target price on shares of Terreno Realty and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.00.

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.

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