Teachers Retirement System of The State of Kentucky Purchases 23,625 Shares of Terreno Realty Corporation (NYSE:TRNO)

Teachers Retirement System of The State of Kentucky grew its holdings in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 188.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,150 shares of the real estate investment trust's stock after purchasing an additional 23,625 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Terreno Realty were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC increased its position in Terreno Realty by 233.9% in the 1st quarter. Cerity Partners LLC now owns 19,194 shares of the real estate investment trust's stock valued at $1,213,000 after buying an additional 13,445 shares in the last quarter. New York State Teachers Retirement System increased its position in Terreno Realty by 0.9% in the 1st 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 buying an additional 200 shares in the last quarter. KBC Group NV increased its position in Terreno Realty by 12.8% in the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 470 shares in the last quarter. SG Americas Securities LLC bought a new stake in Terreno Realty in the 1st quarter valued at about $948,000. Finally, GAMMA Investing LLC increased its position in 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 buying an additional 1,109 shares in the last quarter.

Terreno Realty Stock Performance

Shares of TRNO traded down $0.24 on Friday, reaching $56.99. 586,324 shares of the company's stock traded hands, compared to its average volume of 932,438. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.89 billion, a PE ratio of 28.64, a PEG ratio of 2.44 and a beta of 1.06. The stock's 50 day simple moving average is $57.30 and its two-hundred day simple moving average is $60.37. Terreno Realty Corporation has a 52-week low of $48.18 and a 52-week high of $71.63.

Terreno Realty Announces Dividend

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

Wall Street Analyst Weigh In

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

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.