33,587 Shares in Terreno Realty Co. (NYSE:TRNO) Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System bought a new stake in shares of Terreno Realty Co. (NYSE:TRNO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,587 shares of the real estate investment trust’s stock, valued at approximately $1,986,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MML Investors Services LLC raised its position in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 249 shares in the last quarter. Arizona State Retirement System raised its position in Terreno Realty by 1.0% during the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock valued at $1,663,000 after purchasing an additional 276 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Terreno Realty by 176.1% during 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 purchasing an additional 361 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Terreno Realty by 0.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock valued at $8,050,000 after acquiring an additional 370 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Terreno Realty by 3.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 11,585 shares of the real estate investment trust’s stock valued at $685,000 after acquiring an additional 400 shares during the period.

Wall Street Analysts Forecast Growth

TRNO has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $65.00 to $77.00 in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target on the stock. Scotiabank lifted their price target on Terreno Realty from $64.00 to $68.00 and gave the company a “sector perform” rating in a report on Friday, February 28th. Finally, Piper Sandler cut their price target on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Stock Down 4.1 %

Terreno Realty stock opened at $62.56 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. The business’s 50-day simple moving average is $65.78 and its two-hundred day simple moving average is $63.85. The company has a market cap of $6.24 billion, a PE ratio of 32.58, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty Co. has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results 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 analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.13%. Terreno Realty’s payout ratio is presently 102.08%.

About Terreno Realty

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.