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

Shares of Terreno Realty Co. (NYSE:TRNO) have earned an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $69.22.

A number of brokerages recently weighed in on TRNO. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Barclays cut their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Scotiabank dropped their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, December 9th.

Terreno Realty Price Performance

Shares of TRNO stock opened at $58.64 on Friday. The firm has a fifty day moving average of $60.48 and a two-hundred day moving average of $63.89. The firm has a market cap of $5.85 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.87 and a beta of 0.90. Terreno Realty has a 1-year low of $53.78 and a 1-year high of $71.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71.

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

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty’s dividend payout ratio is currently 107.69%.

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently modified their holdings 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. grew its holdings in Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Terreno Realty in the 2nd quarter valued at $48,000. International Assets Investment Management LLC boosted its position in shares of Terreno Realty by 6,580.0% in 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 during the last quarter. Finally, Huntington National Bank grew its stake in shares of 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 purchasing an additional 177 shares during the period.

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.