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 brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $69.22.

A number of equities analysts have weighed in on the stock. Scotiabank decreased 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 research note on Friday, October 25th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays cut their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Finally, JMP Securities reissued a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday.

Institutional Trading of Terreno Realty

A number of hedge funds have recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after acquiring an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC lifted its position in Terreno Realty by 0.4% during 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 purchasing an additional 8,940 shares in the last quarter. American Century Companies Inc. lifted its position in Terreno Realty by 7.3% during the second quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock valued at $127,287,000 after purchasing an additional 146,808 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Terreno Realty by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after buying an additional 315,506 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Terreno Realty by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after buying an additional 103,833 shares during the period.

Terreno Realty Stock Up 0.6 %

Shares of NYSE:TRNO opened at $58.99 on Friday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 32.41, a P/E/G 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 stock has a 50 day moving average price of $60.48 and a 200-day moving average price of $63.97. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63.

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

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.32%. Terreno Realty’s payout ratio is 107.69%.

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.