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

Terreno Realty Co. (NYSE:TRNO) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $67.50.

A number of analysts recently commented on TRNO shares. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. 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 on the stock. 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. Barclays reiterated an “equal weight” rating and issued a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, Scotiabank decreased their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th.

Institutional Trading of Terreno Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Terreno Realty by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,355 shares of the real estate investment trust’s stock worth $1,204,000 after purchasing an additional 1,215 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Terreno Realty by 1.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 107,959 shares of the real estate investment trust’s stock worth $6,385,000 after buying an additional 1,681 shares during the period. State of Alaska Department of Revenue grew its position in shares of Terreno Realty by 126.1% in the 4th quarter. State of Alaska Department of Revenue now owns 102,421 shares of the real estate investment trust’s stock worth $6,056,000 after buying an additional 57,124 shares during the last quarter. Yousif Capital Management LLC purchased a new position in shares of Terreno Realty during the fourth quarter valued at approximately $2,240,000. Finally, Alliance Wealth Advisors LLC UT raised its holdings in shares of Terreno Realty by 8.1% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,097 shares of the real estate investment trust’s stock valued at $538,000 after acquiring an additional 682 shares in the last quarter.

Terreno Realty Stock Performance

TRNO opened at $66.19 on Wednesday. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.68 and a beta of 0.90. The company’s fifty day moving average price is $60.56 and its two-hundred day moving average price is $64.11. Terreno Realty has a 1-year low of $53.78 and a 1-year high of $71.63. 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 issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). The company had revenue of $99.64 million during 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%. On average, analysts expect that Terreno Realty will post 2.42 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.96%. Terreno Realty’s dividend payout ratio (DPR) is currently 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.