Terreno Realty Co. (NYSE:TRNO) Receives Average Rating of “Hold” from Brokerages

Terreno Realty Co. (NYSE:TRNO) has received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com 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 12-month price target among brokerages that have issued a report on the stock in the last year is $69.22.

A number of equities research analysts recently commented on TRNO shares. Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, December 9th. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Finally, Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th.

Terreno Realty Trading Up 2.2 %

TRNO opened at $58.64 on Friday. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The firm has a market cap of $5.85 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. 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 firm’s fifty day moving average is $60.48 and its two-hundred day moving average is $63.89.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Equities research analysts anticipate that Terreno Realty will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be given 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 yield of 3.34%. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

Institutional Investors Weigh In On Terreno Realty

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in shares of Terreno Realty by 25.3% during the second quarter. Van ECK Associates Corp now owns 20,414 shares of the real estate investment trust’s stock worth $1,208,000 after buying an additional 4,122 shares in the last quarter. Rhumbline Advisers boosted its holdings 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 purchasing an additional 18,974 shares during the period. TD Asset Management Inc grew its position in shares of Terreno Realty by 78.3% during the 2nd quarter. TD Asset Management Inc now owns 55,100 shares of the real estate investment trust’s stock worth $3,261,000 after purchasing an additional 24,200 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Terreno Realty by 19.0% in the second quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock valued at $2,758,000 after buying an additional 7,441 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Terreno Realty by 14.6% in the second quarter. Arizona State Retirement System now owns 26,895 shares of the real estate investment trust’s stock valued at $1,592,000 after buying an additional 3,429 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.