Terreno Realty (NYSE:TRNO) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty (NYSE:TRNO) in a research report sent to investors on Tuesday, Marketbeat reports. The firm issued a hold rating and a $60.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on the company. JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, January 6th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Scotiabank lowered their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Barclays reissued an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research report on Monday. Finally, Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.50.

Terreno Realty Trading Up 2.7 %

Shares of Terreno Realty stock opened at $61.34 on Tuesday. 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 business has a fifty day simple moving average of $60.21 and a two-hundred day simple moving average of $63.93. Terreno Realty has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.41 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last posted 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 for the quarter, compared to analyst estimates of $96.31 million. Research analysts forecast that Terreno Realty will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.20%. Terreno Realty’s payout ratio is 107.69%.

Hedge Funds Weigh In On Terreno Realty

Several hedge funds have recently bought and sold shares of TRNO. V Square Quantitative Management LLC acquired a new stake in shares of Terreno Realty during the 3rd quarter worth approximately $26,000. Assetmark Inc. lifted 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 worth $27,000 after purchasing an additional 381 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Terreno Realty by 6,580.0% during the third 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 during the last quarter. Huntington National Bank boosted its holdings in shares of Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 284 shares during the last quarter.

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.