Terreno Realty Co. (NYSE:TRNO) Receives $69.22 Consensus Price Target from Brokerages

Shares of Terreno Realty Co. (NYSE:TRNO) have been given a consensus rating of “Hold” by the ten ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $69.22.

Several equities analysts have recently weighed in on TRNO shares. Barclays reduced their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Scotiabank reduced their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. JMP Securities reissued a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday. Finally, StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of Terreno Realty by 25.3% during the 2nd quarter. Van ECK Associates Corp now owns 20,414 shares of the real estate investment trust’s stock valued at $1,208,000 after purchasing an additional 4,122 shares during the last quarter. Rhumbline Advisers increased its holdings in Terreno Realty by 10.1% during the second quarter. Rhumbline Advisers now owns 205,976 shares of the real estate investment trust’s stock valued at $12,190,000 after buying an additional 18,974 shares during the last quarter. TD Asset Management Inc raised its position in Terreno Realty by 78.3% in the second quarter. TD Asset Management Inc now owns 55,100 shares of the real estate investment trust’s stock worth $3,261,000 after acquiring an additional 24,200 shares during the period. Victory Capital Management Inc. raised its position in Terreno Realty by 19.0% in the second quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock worth $2,758,000 after acquiring an additional 7,441 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Terreno Realty by 14.6% during the 2nd quarter. Arizona State Retirement System now owns 26,895 shares of the real estate investment trust’s stock worth $1,592,000 after acquiring an additional 3,429 shares during the last quarter.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $58.53 on Friday. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $60.31 and its 200-day moving average price is $63.94. The stock has a market cap of $5.84 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. Terreno Realty has a 12 month low of $53.78 and a 12 month high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $96.31 million. On average, equities analysts expect that Terreno Realty will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were paid 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 3.35%. Terreno Realty’s dividend payout ratio (DPR) 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.