Strs Ohio Takes $7.13 Million Position in Terreno Realty Corporation $TRNO

Key Points

• Strs Ohio has acquired a new stake in Terreno Realty Corporation, purchasing 112,800 shares valued at approximately $7.13 million in the first quarter.
• Terreno Realty announced an increase in its quarterly dividend from $0.49 to $0.52 per share, reflecting a commitment to returning capital to shareholders.
• Several hedge funds have significantly increased their positions in Terreno Realty, with GAMMA Investing LLC reporting an 840.2% increase in its stake during the same quarter.

Strs Ohio purchased a new stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 112,800 shares of the real estate investment trust's stock, valued at approximately $7,131,000. Strs Ohio owned approximately 0.11% of Terreno Realty at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Terreno Realty by 304.3% in 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 in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 378 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Terreno Realty by 143.6% in the 1st quarter. Blue Trust Inc. now owns 1,111 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 655 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Terreno Realty by 840.2% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 1,109 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $104,000.

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 transaction of $539,600.00. Following the completion of the sale, the president owned 412,415 shares in the company, valued at approximately $22,253,913.40. The trade was a 2.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company's stock.

Terreno Realty Stock Performance

NYSE:TRNO opened at $58.58 on Monday. The company has a fifty day moving average of $56.46 and a 200-day moving average of $58.22. The firm has a market capitalization of $6.05 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.49 and a beta of 1.06. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $70.10.

Terreno Realty Increases Dividend

The firm 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 dividend of $0.52 per share. This is a boost from Terreno Realty's previous quarterly dividend of $0.49. The ex-dividend date is Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. Terreno Realty's dividend payout ratio (DPR) is presently 77.78%.

Analyst Ratings Changes

TRNO has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. 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. Wells Fargo & Company cut their target price on shares of Terreno Realty from $63.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 27th. Finally, KeyCorp cut their target price on shares of Terreno Realty from $70.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.89.

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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