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

Terreno Realty Co. (NYSE:TRNO) has earned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $69.36.

A number of analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Finally, Piper Sandler lowered their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th.

Terreno Realty Trading Up 2.3 %

Shares of NYSE:TRNO opened at $64.10 on Thursday. 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’s 50-day moving average price is $65.89 and its two-hundred day moving average price is $63.75. The stock has a market capitalization of $6.40 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty has a one year low of $53.78 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (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 forecast that Terreno Realty will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Terreno Realty by 20.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,916 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 988 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in Terreno Realty by 83.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 18,252 shares of the real estate investment trust’s stock valued at $1,079,000 after acquiring an additional 8,282 shares in the last quarter. Mackenzie Financial Corp increased its position in Terreno Realty by 44.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,532 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 2,001 shares during the period. DigitalBridge Group Inc. raised its holdings in Terreno Realty by 9.7% in the 4th quarter. DigitalBridge Group Inc. now owns 119,889 shares of the real estate investment trust’s stock worth $7,090,000 after purchasing an additional 10,600 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of Terreno Realty in the 4th quarter worth about $104,000.

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.