New York State Common Retirement Fund Has $4.83 Million Stock Holdings in Terreno Realty Co. (NYSE:TRNO)

New York State Common Retirement Fund raised its position in Terreno Realty Co. (NYSE:TRNO) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,052 shares of the real estate investment trust’s stock after acquiring an additional 3,367 shares during the period. New York State Common Retirement Fund owned about 0.09% of Terreno Realty worth $4,829,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRNO. Vanguard Group Inc. boosted its stake in Terreno Realty by 1.4% during the third quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust’s stock worth $677,009,000 after buying an additional 168,728 shares in the last quarter. FMR LLC increased its stake in Terreno Realty by 10.3% in the third quarter. FMR LLC now owns 5,260,376 shares of the real estate investment trust’s stock valued at $298,789,000 after acquiring an additional 493,182 shares during the period. Principal Financial Group Inc. raised its position in Terreno Realty by 0.9% in the third quarter. Principal Financial Group Inc. now owns 4,475,199 shares of the real estate investment trust’s stock worth $254,189,000 after purchasing an additional 39,020 shares in the last quarter. Invesco Ltd. lifted its stake in Terreno Realty by 11.1% during the third quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust’s stock worth $233,632,000 after purchasing an additional 411,973 shares during the period. Finally, Northern Trust Corp lifted its stake in Terreno Realty by 2.5% during the third quarter. Northern Trust Corp now owns 1,352,836 shares of the real estate investment trust’s stock worth $76,841,000 after purchasing an additional 32,391 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRNO shares. StockNews.com raised Terreno Realty from a “sell” rating to a “hold” rating in a report on Saturday, March 23rd. Barclays started coverage on Terreno Realty in a report on Wednesday, March 27th. They set an “overweight” rating and a $71.00 price objective for the company. Scotiabank boosted their target price on shares of Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research note on Monday, February 12th. Mizuho lifted their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, JMP Securities restated a “market outperform” rating and issued a $65.00 price target on shares of Terreno Realty in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Terreno Realty presently has an average rating of “Hold” and an average target price of $67.11.

Terreno Realty Stock Up 1.2 %

Shares of NYSE:TRNO opened at $54.89 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.28. The firm has a market cap of $5.30 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.52 and a beta of 0.85. Terreno Realty Co. has a 12 month low of $50.42 and a 12 month high of $66.63. The company’s 50-day moving average price is $61.27 and its two-hundred day moving average price is $59.92.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $86.48 million for the quarter, compared to analyst estimates of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. As a group, research analysts forecast that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were given a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 3.28%. Terreno Realty’s payout ratio is 99.45%.

Terreno Realty Profile

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.