State of Alaska Department of Revenue Has $6.06 Million Stake in Terreno Realty Co. (NYSE:TRNO)

State of Alaska Department of Revenue grew its holdings in Terreno Realty Co. (NYSE:TRNO) by 126.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,421 shares of the real estate investment trust’s stock after purchasing an additional 57,124 shares during the quarter. State of Alaska Department of Revenue’s holdings in Terreno Realty were worth $6,056,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after buying an additional 1,496,666 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Terreno Realty by 339.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock valued at $40,842,000 after acquiring an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Terreno Realty by 59.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock worth $70,473,000 after acquiring an additional 394,436 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after purchasing an additional 315,506 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after purchasing an additional 96,380 shares during the last quarter.

Terreno Realty Stock Down 0.5 %

Shares of NYSE:TRNO opened at $67.35 on Friday. The company has a 50 day moving average price of $61.42 and a two-hundred day moving average price of $64.12. The company has a market capitalization of $6.72 billion, a PE ratio of 37.00, a PEG ratio of 2.74 and a beta of 0.91. Terreno Realty Co. has a 52 week low of $53.78 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Analysts forecast that Terreno Realty Co. will post 2.42 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TRNO shares. BMO Capital Markets initiated coverage on Terreno Realty in a report on Tuesday. They set a “market perform” rating and a $71.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, January 6th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Piper Sandler cut their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.27.

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.