Terreno Realty Co. (NYSE:TRNO) Receives $69.27 Consensus PT from Analysts

Terreno Realty Co. (NYSE:TRNO) has earned an average recommendation of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $69.27.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set 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 target on shares of Terreno Realty in a research report on Monday, February 10th. BMO Capital Markets lifted their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Barclays reaffirmed an “equal weight” rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th.

Terreno Realty Trading Up 0.4 %

NYSE:TRNO opened at $67.26 on Friday. Terreno Realty has a 52 week low of $53.78 and a 52 week high of $71.63. The firm has a 50 day moving average of $62.76 and a 200 day moving average of $64.00. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.82 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, sell-side analysts anticipate that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.91%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

Institutional Trading of Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its position 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 buying an additional 381 shares during the last quarter. Manchester Capital Management LLC purchased a new position in shares of Terreno Realty in the 4th quarter valued at about $27,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 361 shares in the last quarter. Quarry LP increased its holdings in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 626 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Terreno Realty by 94.6% in the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 370 shares in 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.