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

Shares of Terreno Realty Co. (NYSE:TRNO) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $66.55.

TRNO has been the topic of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target on the stock. Scotiabank decreased their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating for the company in a research report on Monday, April 7th. BMO Capital Markets boosted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.00 to $77.00 in a research note on Friday, February 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Terreno Realty by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock valued at $902,293,000 after buying an additional 1,484,301 shares during the period. FMR LLC lifted its position in Terreno Realty by 5.9% in the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock worth $663,987,000 after purchasing an additional 628,116 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Terreno Realty by 4.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust’s stock valued at $304,305,000 after purchasing an additional 210,696 shares during the period. Geode Capital Management LLC boosted its stake in Terreno Realty by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock valued at $144,031,000 after buying an additional 19,900 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Terreno Realty by 51.6% during the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock worth $109,150,000 after acquiring an additional 628,065 shares during the period.

Terreno Realty Stock Up 1.1 %

Shares of TRNO opened at $54.56 on Monday. Terreno Realty has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The company’s fifty day moving average is $64.12 and its two-hundred day moving average is $62.63. The firm has a market cap of $5.62 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Analysts forecast that Terreno Realty will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given a $0.49 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.59%. Terreno Realty’s dividend payout ratio is presently 102.08%.

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.