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

Terreno Realty Co. (NYSE:TRNO) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $69.22.

A number of research analysts have issued reports on TRNO shares. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. JMP Securities boosted their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 13th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Scotiabank reduced their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th.

Insider Buying and Selling

In related news, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the transaction, the executive vice president now owns 110,988 shares in the company, valued at $7,618,216.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the company’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 owns 101,927 shares in the company, valued at $6,970,787.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the transaction, the executive vice president now owns 110,988 shares in the company, valued at $7,618,216.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,643 shares of company stock worth $1,277,581 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Terreno Realty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in Terreno Realty by 33.3% during the 1st quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust’s stock valued at $25,228,000 after acquiring an additional 94,813 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Terreno Realty by 107.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock valued at $3,185,000 after purchasing an additional 25,683 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Terreno Realty by 10.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock valued at $8,888,000 after purchasing an additional 13,064 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Terreno Realty during the 1st quarter valued at about $3,450,000. Finally, Bessemer Group Inc. increased its position in shares of Terreno Realty by 37.2% during the 1st quarter. Bessemer Group Inc. now owns 292,785 shares of the real estate investment trust’s stock valued at $19,441,000 after purchasing an additional 79,441 shares during the last quarter.

Terreno Realty Stock Down 2.9 %

Shares of NYSE TRNO opened at $61.47 on Monday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. Terreno Realty has a 52 week low of $50.65 and a 52 week high of $71.63. The firm’s fifty day moving average is $66.96 and its 200 day moving average is $62.54. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.92 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $94.25 million during the quarter, compared to analysts’ expectations of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. On average, equities research analysts expect that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.49 dividend. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.96 dividend on an annualized basis and a yield of 3.19%. Terreno Realty’s payout ratio is presently 102.08%.

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.