Teachers Retirement System of The State of Kentucky Invests $741,000 in Terreno Realty Co. (NYSE:TRNO)

Teachers Retirement System of The State of Kentucky acquired a new stake in Terreno Realty Co. (NYSE:TRNO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,525 shares of the real estate investment trust's stock, valued at approximately $741,000.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after buying an additional 1,484,301 shares during the last quarter. FMR LLC grew its holdings in Terreno Realty by 5.9% in the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock valued at $663,987,000 after purchasing an additional 628,116 shares during the period. Geode Capital Management LLC grew its holdings in Terreno Realty by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock valued at $144,031,000 after purchasing an additional 19,900 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Terreno Realty by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after purchasing an additional 110,610 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Terreno Realty by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,436,210 shares of the real estate investment trust's stock valued at $84,938,000 after purchasing an additional 38,775 shares during the period.

Terreno Realty Stock Up 0.5 %

Shares of NYSE:TRNO traded up $0.30 during trading on Thursday, hitting $56.63. The company's stock had a trading volume of 933,820 shares, compared to its average volume of 907,940. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty Co. has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The stock's 50-day moving average price is $61.45 and its two-hundred day moving average price is $61.92. The company has a market capitalization of $5.83 billion, a PE ratio of 29.50, a PEG ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, sell-side analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty's dividend payout ratio is currently 102.08%.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and boosted their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities restated a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a report on Monday, February 10th. Scotiabank decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to 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.