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

Shares of Terreno Realty Co. (NYSE:TRNO) have been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $69.22.

A number of equities research analysts have commented on TRNO shares. Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. JMP Securities restated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday. Barclays cut their price objective 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, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th.

Terreno Realty Trading Up 0.2 %

Terreno Realty stock opened at $58.53 on Friday. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.87 and a beta of 0.90. The firm has a 50 day moving average of $60.31 and a 200 day moving average of $63.94. 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 posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. As a group, research analysts predict that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.35%. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

Institutional Trading of Terreno Realty

Several hedge funds have recently made changes to their positions in TRNO. Van ECK Associates Corp increased its stake in Terreno Realty by 25.3% during the second quarter. Van ECK Associates Corp now owns 20,414 shares of the real estate investment trust’s stock worth $1,208,000 after acquiring an additional 4,122 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Terreno Realty by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 205,976 shares of the real estate investment trust’s stock worth $12,190,000 after purchasing an additional 18,974 shares during the period. TD Asset Management Inc increased its position in shares of Terreno Realty by 78.3% during the 2nd quarter. TD Asset Management Inc now owns 55,100 shares of the real estate investment trust’s stock valued at $3,261,000 after purchasing an additional 24,200 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Terreno Realty by 19.0% during the 2nd quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock valued at $2,758,000 after buying an additional 7,441 shares during the period. Finally, Arizona State Retirement System lifted its position in Terreno Realty by 14.6% in the second quarter. Arizona State Retirement System now owns 26,895 shares of the real estate investment trust’s stock worth $1,592,000 after buying an additional 3,429 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.