Analysts Set Terreno Realty Co. (NYSE:TRNO) PT at $69.22

Terreno Realty Co. (NYSE:TRNO) has been given an average rating of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $69.22.

A number of research analysts recently commented on TRNO shares. Barclays lowered their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Finally, Scotiabank decreased their target price on 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.

Terreno Realty Stock Up 0.6 %

Shares of TRNO stock opened at $58.99 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. Terreno Realty has a one year low of $53.78 and a one year high of $71.63. The company’s fifty day moving average price is $60.48 and its 200-day moving average price is $63.97. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 2.87 and a beta of 0.90.

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

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Hedge Funds Weigh In On Terreno Realty

Several hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the third quarter valued at $26,000. Assetmark Inc. increased its position in shares of Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty in the second quarter valued at approximately $48,000. International Assets Investment Management LLC grew its stake in Terreno Realty by 6,580.0% in 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 in the last quarter. Finally, Huntington National Bank increased its holdings in Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 177 shares during the period.

Terreno Realty Company 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.