Public Employees Retirement Association of Colorado Reduces Stock Position in Terreno Realty Co. (NYSE:TRNO)

Public Employees Retirement Association of Colorado trimmed its position in Terreno Realty Co. (NYSE:TRNO - Free Report) by 19.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 571,064 shares of the real estate investment trust's stock after selling 136,800 shares during the period. Public Employees Retirement Association of Colorado owned 0.57% of Terreno Realty worth $33,773,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC bought a new position in Terreno Realty during the 4th quarter worth $27,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 361 shares during the period. Quarry LP lifted its stake in shares of Terreno Realty by 613.7% in 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 during the period. Quadrant Capital Group LLC boosted its holdings in Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Terreno Realty during the 4th quarter valued at approximately $71,000.

Terreno Realty Stock Up 1.5 %

Shares of TRNO traded up $0.85 on Friday, reaching $57.47. The stock had a trading volume of 358,994 shares, compared to its average volume of 907,628. Terreno Realty Co. has a 12-month low of $48.18 and a 12-month high of $71.63. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50-day simple moving average of $61.24 and a 200-day simple moving average of $61.87.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Sell-side analysts predict that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.41%. Terreno Realty's dividend payout ratio is presently 102.08%.

Analysts Set New Price Targets

A number of brokerages have commented on TRNO. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target on the stock. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $77.00 in a report on Friday, February 21st. Scotiabank cut their price target on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Barclays reduced their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Finally, 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 research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $66.45.

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.