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

Shares of Terreno Realty Co. (NYSE:TRNO) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $69.27.

A number of analysts have recently weighed in on TRNO shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and upped their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. Barclays reiterated 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. Finally, BMO Capital Markets upped their price objective 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.

Hedge Funds Weigh In On Terreno Realty

Several large investors have recently made changes to their positions in the business. Assetmark Inc. increased its position in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty in the fourth quarter worth $27,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 361 shares in the last quarter. Quarry LP raised its position in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 626 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Terreno Realty by 94.6% in the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 370 shares in the last quarter.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $67.86 on Friday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. 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 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The business’s 50 day simple moving average is $63.20 and its two-hundred day simple moving average is $64.04.

Terreno Realty (NYSE:TRNO) last issued 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%. Analysts forecast that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

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.