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

Shares of Terreno Realty Co. (NYSE:TRNO) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $69.22.

TRNO has been the topic of a number of research reports. Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $71.00 to $75.00 in a research note on Wednesday, August 28th. JMP Securities lifted their price objective on Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research note on Tuesday, August 13th. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th.

Institutional Investors Weigh In On Terreno Realty

Hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its position in shares of Terreno Realty by 107.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock valued at $3,185,000 after buying an additional 25,683 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Terreno Realty by 10.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock valued at $8,888,000 after purchasing an additional 13,064 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Terreno Realty by 37.2% in the 1st quarter. Bessemer Group Inc. now owns 292,785 shares of the real estate investment trust’s stock valued at $19,441,000 after purchasing an additional 79,441 shares during the period. Harbor Capital Advisors Inc. grew its stake in Terreno Realty by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,712 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 8,728 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Terreno Realty during the second quarter worth approximately $7,815,000.

Terreno Realty Trading Up 0.5 %

NYSE TRNO opened at $60.23 on Friday. Terreno Realty has a one year low of $53.78 and a one year high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The company’s 50-day simple moving average is $64.08 and its two-hundred day simple moving average is $63.08.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) 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. Equities analysts forecast that Terreno Realty will post 2.41 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s payout ratio is currently 107.69%.

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.