Terreno Realty (NYSE:TRNO) Earns Equal Weight Rating from Barclays

Barclays restated their equal weight rating on shares of Terreno Realty (NYSE:TRNO) in a research report released on Monday morning, Marketbeat.com reports. The firm currently has a $60.00 price target on the real estate investment trust’s stock, down from their previous price target of $68.00.

Several other brokerages also recently issued reports on TRNO. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Scotiabank decreased 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. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Terreno Realty currently has an average rating of “Hold” and a consensus price target of $68.33.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $58.78 on Monday. The company has a fifty day moving average price of $60.21 and a two-hundred day moving average price of $63.98. Terreno Realty has a one year low of $53.78 and a one year high of $71.63. The stock has a market cap of $5.86 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.87 and a beta of 0.90. 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 (NYSE:TRNO) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, equities analysts predict that Terreno Realty will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were issued a $0.49 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.33%. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TRNO. FMR LLC raised its position in Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after purchasing an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Terreno Realty by 0.4% in the 3rd 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 period. Charles Schwab Investment Management Inc. boosted its position in shares of Terreno Realty by 22.3% during the 3rd 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 purchasing an additional 315,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Terreno Realty by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after buying an additional 103,833 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Terreno Realty by 238.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after buying an additional 935,418 shares during the period.

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.