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

Shares of Terreno Realty Co. (NYSE:TRNO) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $69.22.

Several equities research analysts have recently commented on TRNO shares. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Mizuho reissued an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Finally, The Goldman Sachs Group raised their price target on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 12th.

Terreno Realty Stock Performance

NYSE:TRNO opened at $60.66 on Friday. 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 has a 50-day moving average price of $64.55 and a 200 day moving average price of $62.96. The firm has a market capitalization of $6.05 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its 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). The company had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. Research analysts anticipate that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company 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 $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. Terreno Realty’s payout ratio is 107.69%.

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after acquiring an additional 8,940 shares during the last quarter. Barclays PLC lifted its stake in shares of Terreno Realty by 131.0% in the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after purchasing an additional 96,380 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Terreno Realty by 3.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 141,335 shares of the real estate investment trust’s stock worth $9,445,000 after purchasing an additional 4,090 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Terreno Realty by 0.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 120,450 shares of the real estate investment trust’s stock worth $8,050,000 after purchasing an additional 370 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Terreno Realty by 6.1% during the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 249 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.