Public Employees Retirement System of Ohio Buys 4,090 Shares of Terreno Realty Co. (NYSE:TRNO)

Public Employees Retirement System of Ohio increased its stake in shares of Terreno Realty Co. (NYSE:TRNO) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 141,335 shares of the real estate investment trust’s stock after purchasing an additional 4,090 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Terreno Realty were worth $9,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty during the third quarter valued at approximately $26,000. Assetmark Inc. boosted its holdings in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Terreno Realty in the second quarter worth $48,000. International Assets Investment Management LLC lifted its position in shares of Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 987 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 438 shares during the period.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $62.68 on Friday. Terreno Realty Co. has a one year low of $53.78 and a one year high of $71.63. The company has a market capitalization of $6.25 billion, a PE ratio of 34.44, a P/E/G ratio of 2.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The company has a 50-day simple moving average of $61.90 and a two-hundred day simple moving average of $63.58.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Research analysts expect that Terreno Realty Co. will post 2.41 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.13%. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday. Wolfe Research upgraded Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Barclays cut their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, Mizuho reaffirmed an “underperform” rating and issued a $62.00 price objective on shares of Terreno Realty in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and an average price target of $69.22.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.