California State Teachers Retirement System cut its stake in shares of Terreno Realty Corporation (NYSE:TRNO) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,184 shares of the real estate investment trust’s stock after selling 4,652 shares during the period. California State Teachers Retirement System’s holdings in Terreno Realty were worth $2,973,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Stifel Financial Corp lifted its stake in Terreno Realty by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 13,598 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 50 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in Terreno Realty by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 398 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Terreno Realty by 17.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 500 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Terreno Realty by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 75,243 shares of the real estate investment trust’s stock valued at $2,533,000 after acquiring an additional 790 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Terreno Realty by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 991 shares in the last quarter. Institutional investors and hedge funds own 98.74% of the company’s stock.

Several equities analysts have weighed in on TRNO shares. BTIG Research restated a “buy” rating and set a $39.00 price objective (up from $35.00) on shares of Terreno Realty in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $41.00 target price (up from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. KeyCorp reiterated a “buy” rating and set a $39.00 target price on shares of Terreno Realty in a research note on Sunday, November 5th. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, November 22nd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.22.

Shares of Terreno Realty Corporation (NYSE:TRNO) opened at $34.33 on Friday. The company has a market capitalization of $1,850.00, a price-to-earnings ratio of 44.58, a PEG ratio of 2.80 and a beta of 0.79. Terreno Realty Corporation has a 52 week low of $26.30 and a 52 week high of $38.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Thursday, December 28th. Terreno Realty’s payout ratio is 114.29%.

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About Terreno Realty

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

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Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

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