Brokerages Set Terreno Realty Co. (NYSE:TRNO) Price Target at $69.22

Shares of Terreno Realty Co. (NYSE:TRNO) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. One research 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 1-year price objective among brokerages that have issued a report on the stock in the last year is $69.22.

Several research analysts have recently commented on TRNO shares. Scotiabank reduced their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Barclays reduced their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Wolfe Research upgraded Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, January 6th.

Hedge Funds Weigh In On Terreno Realty

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

Terreno Realty Trading Down 0.8 %

Shares of TRNO opened at $58.05 on Friday. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $60.25 and its two-hundred day moving average is $63.90. The stock has a market cap of $5.79 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 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 company had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Research analysts forecast that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

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.