Analysts Set Terreno Realty Co. (NYSE:TRNO) PT at $69.36

Terreno Realty Co. (NYSE:TRNO) has been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $69.36.

A number of equities research analysts have recently commented on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Barclays restated an “equal weight” rating and issued a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Scotiabank increased their price objective on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Piper Sandler lowered their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st.

Terreno Realty Stock Performance

Shares of NYSE TRNO opened at $62.56 on Thursday. The company has a 50-day simple moving average of $65.78 and a 200-day simple moving average of $63.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $6.24 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty has a 12 month low of $53.78 and a 12 month high of $71.63.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. On average, equities analysts anticipate that Terreno Realty will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.13%. Terreno Realty’s payout ratio is 102.08%.

Institutional Trading of Terreno Realty

Large investors have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in shares of Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 381 shares during the period. Mutual of America Capital Management LLC lifted its position in Terreno Realty by 1.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 88,179 shares of the real estate investment trust’s stock worth $5,893,000 after acquiring an additional 1,452 shares in the last quarter. Quest Partners LLC purchased a new position in Terreno Realty in the 3rd quarter worth approximately $370,000. Pathstone Holdings LLC grew its position in Terreno Realty by 4.4% in the third quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust’s stock valued at $1,579,000 after acquiring an additional 995 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Terreno Realty during the third quarter valued at approximately $1,397,000.

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.