Teachers Retirement System of The State of Kentucky Raises Holdings in Terreno Realty Corporation (NYSE:TRNO)

Teachers Retirement System of The State of Kentucky boosted its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 188.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 36,150 shares of the real estate investment trust's stock after buying an additional 23,625 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Terreno Realty were worth $2,285,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. FMR LLC lifted its holdings in shares of Terreno Realty by 5.9% in the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock valued at $663,987,000 after acquiring an additional 628,116 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Terreno Realty by 4.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust's stock valued at $304,305,000 after acquiring an additional 210,696 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock valued at $144,031,000 after acquiring an additional 19,900 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Terreno Realty by 51.6% in the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock valued at $109,150,000 after acquiring an additional 628,065 shares during the last quarter.

Terreno Realty Trading Down 0.4%

Shares of Terreno Realty stock traded down $0.24 on Friday, hitting $56.99. 586,324 shares of the company traded hands, compared to its average volume of 932,438. The stock's 50 day moving average price is $57.30 and its 200-day moving average price is $60.38. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a 52 week low of $48.18 and a 52 week high of $71.63. The company has a market cap of $5.89 billion, a PE ratio of 28.64, a PEG ratio of 2.43 and a beta of 1.06.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, June 27th. Terreno Realty's dividend payout ratio is presently 98.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler lowered their price target on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Wall Street Zen raised shares of Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Wells Fargo & Company lowered their price target on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Barclays lowered their price target on shares of Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, May 27th. Finally, Scotiabank lowered their price target on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.00.

Terreno Realty Company 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.