Teacher Retirement System of Texas Has $1.86 Million Holdings in Terreno Realty Co. (NYSE:TRNO)

Teacher Retirement System of Texas boosted its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 185.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,398 shares of the real estate investment trust’s stock after acquiring an additional 20,380 shares during the quarter. Teacher Retirement System of Texas’ holdings in Terreno Realty were worth $1,857,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in shares of Terreno Realty during the 4th quarter valued at about $27,000. Steward Partners Investment Advisory LLC increased its holdings 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 valued at $33,000 after buying an additional 361 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Terreno Realty during the fourth quarter valued at approximately $76,000. Los Angeles Capital Management LLC acquired a new position in Terreno Realty during the fourth quarter worth $202,000. Finally, KBC Group NV lifted its holdings in Terreno Realty by 40.7% during the 4th quarter. KBC Group NV now owns 3,662 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 1,059 shares during the last quarter.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $63.10 on Friday. 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 52-week low of $53.78 and a 52-week high of $71.63. The company has a fifty day moving average of $66.08 and a 200-day moving average of $63.70. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating 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%. Equities research analysts expect that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Analyst Ratings Changes

Several brokerages have weighed in on TRNO. Barclays dropped their price objective on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday. Piper Sandler reduced their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JMP Securities restated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. BMO Capital Markets increased their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $69.09.

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.