Strs Ohio Grows Stock Position in Terreno Realty Corporation $TRNO

Strs Ohio boosted its holdings in shares of Terreno Realty Corporation (NYSE:TRNO) by 131.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,300 shares of the real estate investment trust’s stock after purchasing an additional 162,700 shares during the period. Strs Ohio owned about 0.28% of Terreno Realty worth $16,248,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in Terreno Realty during the 2nd quarter valued at about $156,525,000. Osterweis Capital Management Inc. bought a new stake in Terreno Realty during the second quarter valued at about $33,699,000. Boston Trust Walden Corp purchased a new position in Terreno Realty during the third quarter valued at $26,957,000. Schroder Investment Management Group increased its stake in Terreno Realty by 55.7% in the 2nd quarter. Schroder Investment Management Group now owns 1,131,989 shares of the real estate investment trust’s stock worth $63,471,000 after acquiring an additional 405,015 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its stake in shares of Terreno Realty by 359.3% in the 2nd quarter. Hudson Bay Capital Management LP now owns 390,919 shares of the real estate investment trust’s stock worth $21,919,000 after buying an additional 305,806 shares in the last quarter.

Insider Buying and Selling

In related news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the completion of the transaction, the executive vice president directly owned 119,949 shares in the company, valued at $7,190,942.55. This represents a 3.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

TRNO has been the topic of several recent analyst reports. Scotiabank increased their target price on shares of Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Robert W. Baird set a $64.00 target price on Terreno Realty and gave the company an “outperform” rating in a research report on Thursday, January 8th. KeyCorp reaffirmed an “overweight” rating on shares of Terreno Realty in a research note on Wednesday, January 14th. Cantor Fitzgerald set a $67.00 price target on shares of Terreno Realty in a research note on Monday, January 5th. Finally, Weiss Ratings upgraded Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Terreno Realty Trading Up 0.8%

Shares of Terreno Realty stock opened at $62.47 on Friday. The business’s fifty day moving average is $60.95 and its two-hundred day moving average is $58.82. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. Terreno Realty Corporation has a fifty-two week low of $48.18 and a fifty-two week high of $69.20. The firm has a market cap of $6.46 billion, a PE ratio of 19.83, a P/E/G ratio of 2.52 and a beta of 1.13.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. Analysts anticipate that Terreno Realty Corporation will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 15th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, December 15th. This represents a $2.08 annualized dividend and a yield of 3.3%. Terreno Realty’s payout ratio is presently 66.03%.

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.