Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stock Holdings in Terreno Realty Corporation $TRNO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Terreno Realty Corporation (NYSE:TRNO) by 22.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,795 shares of the real estate investment trust’s stock after acquiring an additional 12,987 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.07% of Terreno Realty worth $4,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRNO. Jones Financial Companies Lllp grew its position in Terreno Realty by 90.2% during the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares during the period. Geneos Wealth Management Inc. grew 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 worth $29,000 after acquiring an additional 350 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Terreno Realty by 73.3% during the second 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 during the period. First Trust Advisors LP raised its position in Terreno Realty by 78.9% during the second quarter. First Trust Advisors LP now owns 52,473 shares of the real estate investment trust’s stock valued at $2,942,000 after acquiring an additional 23,135 shares in the last quarter. Finally, Amundi lifted its holdings in Terreno Realty by 18.6% in the second quarter. Amundi now owns 67,020 shares of the real estate investment trust’s stock valued at $3,799,000 after acquiring an additional 10,525 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on TRNO shares. UBS Group set a $68.00 price target on shares of Terreno Realty in a research report on Thursday, June 18th. Raymond James Financial initiated coverage on Terreno Realty in a research report on Wednesday, June 17th. They set an “underperform” rating on the stock. Wells Fargo & Company cut their price objective on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Scotiabank reduced their target price 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. Finally, KeyCorp reissued an “overweight” rating on shares of Terreno Realty in a research note on Tuesday, June 23rd. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.21.

Terreno Realty Price Performance

TRNO stock opened at $71.74 on Thursday. Terreno Realty Corporation has a 1 year low of $53.00 and a 1 year high of $72.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $7.63 billion, a PE ratio of 17.54 and a beta of 1.05. The business has a 50 day simple moving average of $66.25 and a 200-day simple moving average of $64.28.

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

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, June 26th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. Terreno Realty’s payout ratio is presently 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.