Louisiana State Employees Retirement System Invests $2.84 Million in Terreno Realty Corporation $TRNO

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

Other institutional investors also recently bought and sold shares of the company. DigitalBridge Group Inc. boosted its position in Terreno Realty by 29.0% in the 3rd quarter. DigitalBridge Group Inc. now owns 346,700 shares of the real estate investment trust’s stock worth $18,649,000 after purchasing an additional 78,000 shares in the last quarter. Delphi Management Inc. MA purchased a new position in shares of Terreno Realty during the 4th quarter valued at approximately $1,238,000. Principal Financial Group Inc. lifted its stake in shares of Terreno Realty by 7.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,208,471 shares of the real estate investment trust’s stock valued at $70,950,000 after purchasing an additional 81,444 shares during the period. Sage Rhino Capital LLC lifted its stake in shares of Terreno Realty by 36.6% in the 4th quarter. Sage Rhino Capital LLC now owns 40,190 shares of the real estate investment trust’s stock valued at $2,360,000 after purchasing an additional 10,777 shares during the period. Finally, Phocas Financial Corp. boosted its holdings in Terreno Realty by 53.8% during the fourth quarter. Phocas Financial Corp. now owns 180,452 shares of the real estate investment trust’s stock worth $10,594,000 after buying an additional 63,122 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial began coverage on shares of Terreno Realty in a research note on Wednesday, June 17th. They set an “underperform” rating on the stock. Scotiabank cut their price target on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Weiss Ratings raised Terreno Realty from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. KeyCorp reiterated an “overweight” rating on shares of Terreno Realty in a research report on Tuesday, June 23rd. Finally, UBS Group set a $68.00 price objective on Terreno Realty in a report on Thursday, June 18th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.21.

Terreno Realty Stock Performance

NYSE TRNO opened at $65.94 on Monday. 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 stock’s fifty day moving average is $65.67 and its two-hundred day moving average is $63.61. The firm has a market capitalization of $7.01 billion, a P/E ratio of 16.12 and a beta of 1.05. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.83.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.36. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. The firm had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. On average, research analysts anticipate that Terreno Realty Corporation will post 2.8 earnings per share for the current year.

Terreno Realty Announces Dividend

The business 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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 26th. Terreno Realty’s dividend payout ratio (DPR) is 50.86%.

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.