Public Employees Retirement System of Ohio Trims Stock Holdings in Terreno Realty Corporation $TRNO

Public Employees Retirement System of Ohio lowered its stake in Terreno Realty Corporation (NYSE:TRNO) by 17.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,242 shares of the real estate investment trust’s stock after selling 24,482 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Terreno Realty were worth $7,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in 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 worth $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Terreno Realty during the third quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in Terreno Realty by 52.8% during 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 purchasing an additional 172 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 valued at $29,000 after purchasing an additional 350 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Terreno Realty in the fourth quarter worth approximately $30,000.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $73.01 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $7.76 billion, a P/E ratio of 17.85 and a beta of 1.05. The firm’s fifty day moving average is $67.66 and its two-hundred day moving average is $65.19. Terreno Realty Corporation has a 52-week low of $53.00 and a 52-week high of $78.94.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.30 by $0.36. The business had revenue of $124.44 million during the quarter, compared to the consensus estimate of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. As a group, analysts anticipate that Terreno Realty Corporation will post 2.81 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, June 26th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. Terreno Realty’s dividend payout ratio is presently 50.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRNO shares. The Goldman Sachs Group increased their price objective on shares of Terreno Realty from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler upped their target price on shares of Terreno Realty from $79.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. KeyCorp reiterated an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. UBS Group set a $68.00 price target on Terreno Realty in a report on Thursday, June 18th. Finally, Scotiabank lowered their price objective on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and an average target price of $71.71.

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.