Strs Ohio Has $21.35 Million Stock Holdings in Terreno Realty Corporation $TRNO

Key Points

• Strs Ohio raised its stake in Terreno Realty by 27% to 363,700 shares, holding about $21.35 million of the company (roughly 0.35% ownership) after the fourth-quarter purchase.
• Terreno delivered a strong quarter, reporting EPS $1.53 vs. $0.85 est. and $137.48M revenue, with an 84.51% net margin and a 10.08% return on equity.
• The company pays a quarterly dividend of $0.52 (annualized $2.08, 3.2% yield) and carries a consensus "Moderate Buy" analyst rating with an average price target of $69.36.

Strs Ohio lifted its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 363,700 shares of the real estate investment trust's stock after buying an additional 77,400 shares during the quarter. Strs Ohio owned about 0.35% of Terreno Realty worth $21,353,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust's stock worth $336,139,000 after buying an additional 230,444 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Terreno Realty by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,516,331 shares of the real estate investment trust's stock worth $86,051,000 after buying an additional 19,222 shares during the last quarter. Tandem Investment Advisors Inc. lifted its stake in shares of Terreno Realty by 0.7% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 1,418,870 shares of the real estate investment trust's stock worth $80,521,000 after buying an additional 10,024 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Terreno Realty by 14.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,252,479 shares of the real estate investment trust's stock worth $71,078,000 after buying an additional 159,104 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Terreno Realty by 4.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,181,288 shares of the real estate investment trust's stock worth $67,038,000 after buying an additional 53,380 shares during the last quarter.

Terreno Realty Price Performance

NYSE:TRNO opened at $65.24 on Monday. Terreno Realty Corporation has a 52 week low of $53.00 and a 52 week high of $67.55. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 16.73 and a beta of 1.06. The firm's 50-day simple moving average is $64.00 and its 200 day simple moving average is $62.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, beating the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The firm had revenue of $137.48 million for the quarter, compared to analyst estimates of $124.72 million. As a group, sell-side analysts predict that Terreno Realty Corporation will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a dividend of $0.52 per share. The ex-dividend date was Friday, March 27th. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. Terreno Realty's dividend payout ratio (DPR) is currently 53.33%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Barclays reaffirmed a "positive" rating and set a $60.00 price target on shares of Terreno Realty in a research report on Tuesday, January 13th. Scotiabank raised their price target on shares of Terreno Realty from $67.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 14th. KeyCorp raised their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, February 9th. Cantor Fitzgerald raised their price target on shares of Terreno Realty from $67.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Finally, Citizens Jmp raised their price target on shares of Terreno Realty from $66.00 to $70.00 and gave the stock a "market outperform" rating 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Terreno Realty currently has an average rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.