Strs Ohio Purchases 10,800 Shares of Terreno Realty Corporation $TRNO

Strs Ohio grew its position in shares of Terreno Realty Corporation (NYSE:TRNO) by 9.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 123,600 shares of the real estate investment trust’s stock after acquiring an additional 10,800 shares during the quarter. Strs Ohio’s holdings in Terreno Realty were worth $6,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TRNO. GAMMA Investing LLC lifted its holdings in shares of Terreno Realty by 840.2% during the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,109 shares during the period. KBC Group NV increased its stake in shares of Terreno Realty by 12.8% in the 1st quarter. KBC Group NV now owns 4,132 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 470 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Terreno Realty by 0.9% in the 1st quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust’s stock worth $1,448,000 after purchasing an additional 200 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Terreno Realty by 10.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,513 shares of the real estate investment trust’s stock worth $1,423,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Terreno Realty by 1.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 337,158 shares of the real estate investment trust’s stock worth $21,315,000 after purchasing an additional 5,516 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRNO shares. Weiss Ratings restated a “hold (c)” rating on shares of Terreno Realty in a research note on Wednesday, October 8th. Cantor Fitzgerald started coverage on Terreno Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective for the company. KeyCorp reduced their price objective on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, August 21st. Wells Fargo & Company reduced their price objective on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Finally, The Goldman Sachs Group upped their price objective on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.00.

Terreno Realty Trading Down 2.3%

Shares of Terreno Realty stock opened at $57.17 on Monday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 2.51 and a beta of 1.04. The business has a 50-day moving average price of $58.42 and a 200-day moving average price of $57.35. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty Corporation has a twelve month low of $48.18 and a twelve month high of $69.20.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were given a dividend of $0.52 per share. The ex-dividend date was Monday, September 29th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Terreno Realty’s dividend payout ratio (DPR) is 82.54%.

Insider Buying and Selling at Terreno Realty

In other news, President Michael A. Coke sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of the transaction, the president owned 412,415 shares in the company, valued at $22,253,913.40. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.

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.