Public Sector Pension Investment Board Grows Stock Holdings in Terreno Realty Corporation $TRNO

Public Sector Pension Investment Board grew its holdings in Terreno Realty Corporation (NYSE:TRNO) by 14.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 402,986 shares of the real estate investment trust’s stock after buying an additional 50,750 shares during the period. Public Sector Pension Investment Board owned approximately 0.39% of Terreno Realty worth $22,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. State Street Corp grew its position in Terreno Realty by 4.0% in the second quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after acquiring an additional 230,444 shares in the last quarter. Norges Bank bought a new stake in shares of Terreno Realty in the 2nd quarter valued at approximately $156,525,000. Geode Capital Management LLC boosted its holdings in shares of Terreno Realty by 3.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,631,838 shares of the real estate investment trust’s stock worth $147,584,000 after purchasing an additional 92,519 shares during the period. Invesco Ltd. increased its position in shares of Terreno Realty by 7.8% during the 2nd quarter. Invesco Ltd. now owns 2,080,116 shares of the real estate investment trust’s stock valued at $116,632,000 after purchasing an additional 150,020 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Terreno Realty by 4.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,967,489 shares of the real estate investment trust’s stock valued at $110,317,000 after buying an additional 83,403 shares during the period.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRNO. Mizuho lifted their price objective on shares of Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a research note on Thursday, December 4th. Barclays reiterated a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th. Royal Bank Of Canada set a $72.00 price objective on shares of Terreno Realty in a research report on Monday. iA Financial set a $75.00 price objective on shares of Terreno Realty in a research note on Friday, February 6th. Finally, Robert W. Baird set a $67.00 target price on Terreno Realty in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.36.

Terreno Realty Trading Up 2.4%

NYSE TRNO opened at $66.06 on Friday. Terreno Realty Corporation has a one year low of $48.18 and a one year high of $69.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 2.58 and a beta of 1.13. The company’s 50-day simple moving average is $61.45 and its two-hundred day simple moving average is $59.48.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.68. The firm had revenue of $137.48 million during the quarter, compared to analysts’ expectations of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. Equities analysts forecast that Terreno Realty Corporation will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Terreno Realty 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.