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

Terreno Realty Co. (NYSE:TRNO) has been given an average recommendation of “Hold” by the ten research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $69.22.

Several analysts have recently issued reports on the company. Barclays decreased their price objective on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Scotiabank lowered 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 report on Friday, October 25th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Mizuho restated an “underperform” rating and set a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th.

Terreno Realty Stock Performance

TRNO opened at $62.25 on Tuesday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.87 and a beta of 0.89. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week 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 fifty day moving average of $61.83 and a 200 day moving average of $63.62.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. As a group, sell-side analysts forecast that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.15%. Terreno Realty’s dividend payout ratio is 107.69%.

Institutional Investors Weigh In On Terreno Realty

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its position in Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after acquiring an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock worth $161,423,000 after purchasing an additional 8,940 shares during the last quarter. American Century Companies Inc. increased its stake in Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after buying an additional 146,808 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Terreno Realty by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock valued at $81,862,000 after buying an additional 103,833 shares during the period.

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.