Teacher Retirement System of Texas Sells 12,125 Shares of Terreno Realty Corporation (NYSE:TRNO)

Teacher Retirement System of Texas trimmed its stake in Terreno Realty Corporation (NYSE:TRNO - Free Report) by 38.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TRNO. Steward Partners Investment Advisory LLC lifted its position in Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after buying an additional 361 shares in the last quarter. Quarry LP raised its holdings in shares of Terreno Realty by 613.7% during the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 626 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Terreno Realty by 94.6% during the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 370 shares during the last quarter. Blue Trust Inc. grew its stake in Terreno Realty by 143.6% in the first 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. Finally, State of Tennessee Department of Treasury acquired a new position in Terreno Realty in the 4th quarter worth about $71,000.

Terreno Realty Stock Performance

Shares of TRNO stock traded up $0.45 during trading on Friday, reaching $58.10. The company had a trading volume of 891,821 shares, compared to its average volume of 955,748. The firm's 50 day simple moving average is $57.40 and its two-hundred day simple moving average is $60.50. 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 Corporation has a one year low of $48.18 and a one year high of $71.63. The company has a market capitalization of $6.00 billion, a PE ratio of 29.19, a PEG ratio of 2.48 and a beta of 1.06.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.37%. Terreno Realty's dividend payout ratio is 98.49%.

Analysts Set New Price Targets

Several brokerages recently commented on TRNO. Wells Fargo & Company lowered their price target 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 reduced their target price on shares of 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. Piper Sandler reduced their target price on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Barclays reduced their target price on shares of 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.