State of Alaska Department of Revenue Acquires 57,124 Shares of Terreno Realty Co. (NYSE:TRNO)

State of Alaska Department of Revenue grew its holdings in shares of Terreno Realty Co. (NYSE:TRNO) by 126.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 owned about 0.10% of Terreno Realty worth $6,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after buying an additional 25,988 shares during the period. Barclays PLC lifted its position in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after acquiring an additional 96,380 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $115,475,000 after acquiring an additional 315,506 shares during the period. Geode Capital Management LLC grew its position in shares of Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after purchasing an additional 8,940 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Terreno Realty during the 3rd quarter worth about $225,000.

Analyst Ratings Changes

A number of analysts have issued reports on TRNO shares. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 target price on shares of Terreno Realty in a report on Monday, January 6th. Scotiabank dropped their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Barclays reissued an “equal weight” rating and issued a $60.00 price target (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Finally, StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.27.

Terreno Realty Stock Down 0.5 %

Shares of TRNO opened at $67.35 on Friday. Terreno Realty Co. has a 12 month low of $53.78 and a 12 month high of $71.63. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 2.74 and a beta of 0.91. 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 quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. Equities analysts predict that Terreno Realty Co. will post 2.42 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

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.