Teacher Retirement System of Texas Trims Holdings in Terreno Realty Co. (NYSE:TRNO)

Teacher Retirement System of Texas lessened its holdings in Terreno Realty Co. (NYSE:TRNO - Free Report) by 44.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,125 shares of the real estate investment trust's stock after selling 21,586 shares during the period. Teacher Retirement System of Texas' holdings in Terreno Realty were worth $1,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its position in Terreno Realty by 337.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 408 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Terreno Realty in the 4th quarter worth approximately $35,000. Blue Trust Inc. boosted its stake in Terreno Realty by 84.2% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust's stock worth $62,000 after buying an additional 452 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Terreno Realty during the fourth quarter worth approximately $76,000. Finally, Dfpg Investments LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at $200,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRNO shares. Wedbush restated a "neutral" rating and set a $57.00 price target (down from $67.00) on shares of Terreno Realty in a research report on Tuesday. Piper Sandler boosted their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, March 22nd. Barclays assumed coverage on shares of Terreno Realty in a research note on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 target price on the stock. Mizuho upped their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday, April 2nd. Finally, JMP Securities reissued a "market outperform" rating and issued a $65.00 price target on shares of Terreno Realty in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $64.56.

Terreno Realty Trading Up 0.3 %

Shares of NYSE TRNO traded up $0.20 during midday trading on Friday, hitting $58.10. 742,458 shares of the company traded hands, compared to its average volume of 704,983. The company has a debt-to-equity ratio of 0.23, a quick ratio of 10.17 and a current ratio of 10.17. Terreno Realty Co. has a 12-month low of $50.42 and a 12-month high of $66.63. The stock has a 50-day moving average price of $59.61 and a 200 day moving average price of $60.13. The firm has a market cap of $5.62 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.83 and a beta of 0.85.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, June 28th. Terreno Realty's dividend payout ratio is currently 93.75%.

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.