Louisiana State Employees Retirement System Acquires New Position in Terreno Realty Corporation $TRNO

Louisiana State Employees Retirement System bought a new position in shares of Terreno Realty Corporation (NYSE:TRNO) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 46,200 shares of the real estate investment trust’s stock, valued at approximately $2,838,000.

A number of other hedge funds have also made changes to their positions in the business. Vanderbilt University raised its stake in Terreno Realty by 163.5% during the 1st quarter. Vanderbilt University now owns 15,455 shares of the real estate investment trust’s stock worth $949,000 after acquiring an additional 9,590 shares in the last quarter. SG Americas Securities LLC raised its stake in Terreno Realty by 18.9% in the 1st quarter. SG Americas Securities LLC now owns 357,735 shares of the real estate investment trust’s stock valued at $21,972,000 after purchasing an additional 56,887 shares during the last quarter. E. Ohman J or Asset Management AB raised its position in shares of Terreno Realty by 8.8% in the first quarter. E. Ohman J or Asset Management AB now owns 34,183 shares of the real estate investment trust’s stock valued at $2,100,000 after buying an additional 2,776 shares during the last quarter. Purpose Unlimited Inc. purchased a new position in shares of Terreno Realty during the 4th quarter worth $348,000. Finally, Hsbc Holdings PLC boosted its stake in Terreno Realty by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 267,387 shares of the real estate investment trust’s stock worth $15,698,000 after buying an additional 27,740 shares during the last quarter.

Wall Street Analyst Weigh In

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

Terreno Realty Price Performance

TRNO stock opened at $65.94 on Monday. The firm has a 50-day moving average of $65.67 and a two-hundred day moving average of $63.61. The firm has a market capitalization of $7.01 billion, a PE ratio of 16.12 and a beta of 1.05. Terreno Realty Corporation has a one year low of $53.00 and a one year high of $67.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.30 by $0.36. The business 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%. On average, analysts forecast that Terreno Realty Corporation will post 2.8 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be paid a $0.52 dividend. The ex-dividend date is Friday, June 26th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Terreno Realty’s payout ratio is 50.86%.

About Terreno Realty

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.