Terreno Realty Co. (NYSE:TRNO) Given Consensus Rating of “Hold” by Analysts

Terreno Realty Co. (NYSE:TRNO) has received an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $69.22.

Several research analysts have issued reports on TRNO shares. Mizuho reissued an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. JMP Securities lifted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 13th. Wedbush restated a “neutral” rating and issued a $70.00 price objective (up from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Finally, Barclays lowered their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $60.85 on Friday. The firm has a market capitalization of $6.07 billion, a PE ratio of 33.43, a P/E/G ratio of 2.81 and a beta of 0.90. The company has a 50 day moving average price of $64.86 and a 200-day moving average price of $62.88. Terreno Realty has a 52 week low of $53.78 and a 52 week high of $71.63. 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 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). The company had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. As a group, equities research analysts expect that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.22%. Terreno Realty’s payout ratio is 107.69%.

Hedge Funds Weigh In On Terreno Realty

A number of institutional investors and hedge funds have recently made changes to their positions in TRNO. FMR LLC boosted its stake in shares of 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 period. Thrivent Financial for Lutherans grew its stake in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock valued at $78,587,000 after buying an additional 935,418 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Terreno Realty by 7.6% in the first quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock worth $861,988,000 after buying an additional 919,851 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Terreno Realty during the 2nd quarter worth approximately $39,064,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Terreno Realty by 339.7% during 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 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.