Analysts Set Terreno Realty Co. (NYSE:TRNO) PT at $69.56

Shares of Terreno Realty Co. (NYSE:TRNO) have received an average recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $69.56.

Several equities research analysts have issued reports on the company. JMP Securities increased their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. Scotiabank lifted their target price on Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Finally, Wedbush restated a “neutral” rating and issued a $70.00 price objective (up from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th.

Terreno Realty Stock Performance

NYSE:TRNO opened at $67.34 on Thursday. The company has a market capitalization of $6.53 billion, a P/E ratio of 35.07, a P/E/G ratio of 3.16 and a beta of 0.90. The business has a fifty day simple moving average of $68.33 and a two-hundred day simple moving average of $62.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. Terreno Realty has a 1 year low of $50.42 and a 1 year high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17). Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. The firm had revenue of $94.25 million during the quarter, compared to analysts’ expectations of $89.07 million. On average, analysts expect that Terreno Realty will post 2.42 earnings per share for the current year.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.49 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, September 30th. Terreno Realty’s payout ratio is currently 93.75%.

Insider Buying and Selling

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the sale, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at $7,618,216.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at $6,970,787.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,643 shares of company stock worth $1,277,581. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Terreno Realty

Several institutional investors have recently bought and sold shares of TRNO. Mather Group LLC. purchased a new stake in shares of Terreno Realty during the first quarter valued at approximately $31,000. Whittier Trust Co. boosted its position in Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 337 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Terreno Realty in the 2nd quarter worth $48,000. EntryPoint Capital LLC increased its position in shares of Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 419 shares during the period. Finally, CWM LLC raised its stake in shares of Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 438 shares during the last quarter.

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.