Brokerages Set Terreno Realty Co. (NYSE:TRNO) PT at $67.11

Terreno Realty Co. (NYSE:TRNO) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.11.

A number of research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Scotiabank raised their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. The Goldman Sachs Group raised their price target on shares of Terreno Realty from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of Terreno Realty in a report on Thursday, March 28th.

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in Terreno Realty by 25.8% in the 3rd quarter. AE Wealth Management LLC now owns 8,748 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 1,795 shares in the last quarter. SG Americas Securities LLC grew its stake in Terreno Realty by 38.6% in the 3rd quarter. SG Americas Securities LLC now owns 10,669 shares of the real estate investment trust’s stock worth $606,000 after buying an additional 2,969 shares in the last quarter. Copeland Capital Management LLC grew its stake in Terreno Realty by 1.4% in the 3rd quarter. Copeland Capital Management LLC now owns 979,677 shares of the real estate investment trust’s stock worth $55,646,000 after buying an additional 13,997 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in shares of Terreno Realty by 0.3% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 905,879 shares of the real estate investment trust’s stock valued at $51,454,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Terreno Realty by 1.2% in the 3rd quarter. Raymond James & Associates now owns 159,791 shares of the real estate investment trust’s stock valued at $9,076,000 after purchasing an additional 1,835 shares in the last quarter.

Terreno Realty Stock Down 0.1 %

Terreno Realty stock opened at $54.29 on Monday. Terreno Realty has a 1-year low of $50.42 and a 1-year high of $66.63. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. The firm’s fifty day moving average price is $61.61 and its two-hundred day moving average price is $59.94. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. The firm had revenue of $86.48 million for the quarter, compared to analyst estimates of $84.06 million. On average, equities research analysts predict that Terreno Realty will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 3.32%. Terreno Realty’s payout ratio is 99.45%.

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.