Terreno Realty Corporation $TRNO Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 22.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,795 shares of the real estate investment trust’s stock after buying an additional 12,987 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Terreno Realty were worth $4,410,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRNO. EverSource Wealth Advisors LLC lifted its stake in shares of Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in Terreno Realty in the third quarter valued at about $25,000. Caitong International Asset Management Co. Ltd lifted its position in Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 172 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 350 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Terreno Realty during the fourth quarter worth about $30,000.

Terreno Realty Trading Up 0.9%

TRNO opened at $71.74 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $72.50. The company has a market cap of $7.63 billion, a P/E ratio of 17.54 and a beta of 1.05. The business’s 50-day simple moving average is $66.25 and its 200-day simple moving average is $64.28.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.36. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%. As a group, equities research analysts expect that Terreno Realty Corporation will post 2.81 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were issued a $0.52 dividend. The ex-dividend date was Friday, June 26th. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. Terreno Realty’s dividend payout ratio is presently 50.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Raymond James Financial began coverage on Terreno Realty in a research note on Wednesday, June 17th. They issued an “underperform” rating for the company. UBS Group set a $68.00 price objective on Terreno Realty in a report on Thursday, June 18th. Robert W. Baird set a $69.00 target price on Terreno Realty in a report on Friday, May 8th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.21.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.