VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.96 Million in Terreno Realty Corporation $TRNO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Terreno Realty Corporation (NYSE:TRNO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 67,500 shares of the real estate investment trust’s stock, valued at approximately $3,963,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Terreno Realty as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TRNO. UBS Group AG boosted its position in Terreno Realty by 108.1% during the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock valued at $34,044,000 after purchasing an additional 311,559 shares during the last quarter. Adelante Capital Management LLC acquired a new stake in Terreno Realty during the third quarter valued at $16,070,000. State Street Corp boosted its position in Terreno Realty by 4.0% during the second quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock valued at $336,139,000 after purchasing an additional 230,444 shares during the last quarter. SG Americas Securities LLC boosted its position in Terreno Realty by 273.8% during the fourth quarter. SG Americas Securities LLC now owns 300,848 shares of the real estate investment trust’s stock valued at $17,663,000 after purchasing an additional 220,365 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Terreno Realty by 31.3% during the second quarter. Bank of America Corp DE now owns 812,348 shares of the real estate investment trust’s stock valued at $45,548,000 after purchasing an additional 193,555 shares during the last quarter.

Analyst Upgrades and Downgrades

TRNO has been the subject of a number of research reports. Citizens Jmp lifted their price objective on Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, February 6th. Robert W. Baird set a $69.00 price objective on Terreno Realty in a research report on Friday, May 8th. Royal Bank Of Canada set a $72.00 price objective on Terreno Realty in a research report on Monday, February 9th. iA Financial set a $75.00 price objective on Terreno Realty in a research report on Friday, February 6th. Finally, Piper Sandler lifted their price objective on Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Terreno Realty currently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $65.73 on Friday. Terreno Realty Corporation has a fifty-two week low of $53.00 and a fifty-two week high of $67.55. The business has a 50-day moving average of $64.00 and a two-hundred day moving average of $62.58. The stock has a market capitalization of $6.99 billion, a P/E ratio of 16.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.36. Terreno Realty had a return on equity of 10.35% and a net margin of 86.44%.The company had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. On average, equities research analysts predict that Terreno Realty Corporation will post 2.79 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

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