Terreno Realty Co. (NYSE:TRNO) Given Consensus Rating of “Hold” by Brokerages

Terreno Realty Co. (NYSE:TRNO) has been given an average rating of “Hold” by the ten analysts that are covering the company, 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 twelve-month price target among brokers that have issued a report on the stock in the last year is $69.22.

A number of equities research analysts have weighed in on the company. Wedbush reaffirmed 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. Mizuho reiterated an “underperform” rating and issued a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. JMP Securities restated a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday. Barclays cut their price target 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. Finally, Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd.

Hedge Funds Weigh In On Terreno Realty

A number of large investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Terreno Realty by 58.2% during the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 438 shares during the last quarter. Blue Trust Inc. increased its position in Terreno Realty by 206.9% during the 2nd quarter. Blue Trust Inc. now owns 1,777 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,198 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Terreno Realty by 1.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,731 shares of the real estate investment trust’s stock valued at $6,316,000 after buying an additional 1,268 shares during the period. Nisa Investment Advisors LLC raised its holdings in Terreno Realty by 11.4% in the second quarter. Nisa Investment Advisors LLC now owns 32,541 shares of the real estate investment trust’s stock valued at $1,940,000 after buying an additional 3,321 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in Terreno Realty during the second quarter valued at approximately $328,000.

Terreno Realty Stock Performance

Shares of TRNO opened at $63.22 on Tuesday. The company’s 50 day simple moving average is $62.04 and its 200-day simple moving average is $63.54. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The firm has a market cap of $6.31 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last released its quarterly 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). The company had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. As a group, equities analysts predict that Terreno Realty will post 2.41 EPS for the current year.

Terreno Realty Dividend Announcement

The firm 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 $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, December 13th. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

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.