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

Terreno Realty Co. (NYSE:TRNO) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $69.27.

TRNO has been the topic of several recent analyst reports. Piper Sandler cut their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $77.00 in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target for 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, February 10th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th.

Terreno Realty Trading Up 0.4 %

TRNO opened at $67.08 on Friday. The firm’s fifty day moving average is $62.66 and its two-hundred day moving average is $64.04. The firm has a market cap of $6.69 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Equities research analysts anticipate that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s dividend payout ratio is currently 102.08%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mariner LLC raised its stake in shares of Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 161 shares in the last quarter. Huntington National Bank raised its position in Terreno Realty by 7.4% during the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 177 shares in the last quarter. MML Investors Services LLC raised its position in 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 acquiring an additional 249 shares in the last quarter. First Trust Advisors LP lifted its stake in Terreno Realty by 0.9% in the fourth quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust’s stock valued at $1,810,000 after acquiring an additional 271 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Terreno Realty by 1.0% in the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock valued at $1,663,000 after acquiring an additional 276 shares during the period.

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.