Terreno Realty Corporation $TRNO Position Increased by Police & Firemen s Retirement System of New Jersey

Police & Firemen s Retirement System of New Jersey lifted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 9.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 23,219 shares of the real estate investment trust’s stock after buying an additional 2,001 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Terreno Realty were worth $1,302,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in shares of Terreno Realty by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,271,442 shares of the real estate investment trust’s stock valued at $333,261,000 after buying an additional 125,940 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Terreno Realty by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust’s stock valued at $262,918,000 after acquiring an additional 523,950 shares during the period. Geode Capital Management LLC grew its holdings in shares of Terreno Realty by 3.6% during the second quarter. Geode Capital Management LLC now owns 2,631,838 shares of the real estate investment trust’s stock valued at $147,584,000 after purchasing an additional 92,519 shares during the last quarter. Invesco Ltd. raised its position in shares of Terreno Realty by 5.2% during the 1st quarter. Invesco Ltd. now owns 1,930,096 shares of the real estate investment trust’s stock worth $122,021,000 after purchasing an additional 95,714 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Terreno Realty by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,895,115 shares of the real estate investment trust’s stock worth $119,809,000 after purchasing an additional 49,494 shares during the last quarter.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the sale, the executive vice president directly owned 119,949 shares in the company, valued at $7,190,942.55. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $61.94 on Friday. The stock has a market cap of $6.40 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.51 and a beta of 1.07. The firm’s 50-day simple moving average is $59.12 and its 200 day simple moving average is $57.68. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.66 by $0.34. The firm had revenue of $116.25 million for the quarter, compared to analysts’ expectations of $114.62 million. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. Equities analysts expect that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.08 annualized dividend and a yield of 3.4%. Terreno Realty’s payout ratio is presently 66.03%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Terreno Realty in a research note on Thursday. UBS Group set a $71.00 price target on shares of Terreno Realty in a report on Tuesday, October 21st. Cantor Fitzgerald began coverage on shares of Terreno Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Citigroup upped their target price on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.