Teacher Retirement System of Texas Decreases Stock Holdings in Terreno Realty Corporation (NYSE:TRNO)

Teacher Retirement System of Texas reduced its stake in shares of Terreno Realty Corporation (NYSE:TRNO - Free Report) by 38.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,273 shares of the real estate investment trust's stock after selling 12,125 shares during the quarter. Teacher Retirement System of Texas' holdings in Terreno Realty were worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Terreno Realty by 10.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,513 shares of the real estate investment trust's stock valued at $1,423,000 after purchasing an additional 2,158 shares during the period. New York State Teachers Retirement System increased its position in Terreno Realty by 0.9% during 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 purchasing an additional 200 shares during the period. KBC Group NV increased its position in Terreno Realty by 12.8% during the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust's stock valued at $261,000 after purchasing an additional 470 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Terreno Realty by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 109,789 shares of the real estate investment trust's stock valued at $6,941,000 after purchasing an additional 1,830 shares during the period. Finally, CWC Advisors LLC. bought a new stake in shares of Terreno Realty during the 1st quarter valued at $230,000.

Terreno Realty Stock Up 1.4%

Terreno Realty stock traded up $0.81 during mid-day trading on Wednesday, reaching $57.57. The stock had a trading volume of 1,070,286 shares, compared to its average volume of 954,733. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.47 and a beta of 1.06. The company has a 50-day moving average price of $57.42 and a two-hundred day moving average price of $60.47. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $71.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.35 and a quick ratio of 2.35.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is 98.49%.

Wall Street Analyst Weigh In

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