Brokerages Set Terreno Realty Co. (NYSE:TRNO) PT at $69.22

Shares of Terreno Realty Co. (NYSE:TRNO) have been given an average rating of “Hold” by the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $69.22.

TRNO has been the topic of a number of recent research reports. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Wedbush restated a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Mizuho reissued an “underperform” rating and issued a $62.00 target price on shares of Terreno Realty in a research report on Thursday, September 5th. Finally, JMP Securities raised their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th.

Terreno Realty Price Performance

NYSE TRNO opened at $60.66 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.90. The company has a 50 day simple moving average of $64.55 and a 200-day simple moving average of $62.96. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63.

Terreno Realty (NYSE:TRNO) last released 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 return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Equities research analysts predict that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) 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 TRNO. V Square Quantitative Management LLC bought a new position in shares of Terreno Realty during the 3rd quarter worth about $26,000. Assetmark Inc. increased its stake in Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Terreno Realty in the 2nd quarter valued at approximately $48,000. EntryPoint Capital LLC lifted its position in shares of Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 987 shares in the last quarter.

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.