Terreno Realty Co. (NYSE:TRNO) Receives $67.11 Consensus Price Target from Brokerages

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $67.11.

TRNO has been the subject of a number of recent research reports. Barclays initiated coverage on Terreno Realty in a report on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 price objective for the company. Piper Sandler increased their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. The Goldman Sachs Group increased their price objective on Terreno Realty from $60.00 to $66.00 and gave the company a "neutral" rating in a report on Thursday, January 11th. StockNews.com upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Saturday, March 23rd. Finally, JMP Securities restated a "market outperform" rating and issued a $65.00 price objective on shares of Terreno Realty in a report on Thursday, March 28th.

Hedge Funds Weigh In On Terreno Realty

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. raised its holdings in shares of Terreno Realty by 6.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust's stock worth $320,000 after acquiring an additional 253 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Terreno Realty by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 39,255 shares of the real estate investment trust's stock worth $2,907,000 after acquiring an additional 13,997 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Terreno Realty by 17.2% in the 1st quarter. Rhumbline Advisers now owns 137,608 shares of the real estate investment trust's stock worth $10,190,000 after acquiring an additional 20,239 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Terreno Realty by 6.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 63,883 shares of the real estate investment trust's stock worth $4,907,000 after acquiring an additional 3,589 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Terreno Realty by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust's stock worth $98,993,000 after acquiring an additional 22,692 shares during the last quarter.

Terreno Realty Price Performance

TRNO traded up $0.42 during trading on Thursday, hitting $62.93. 551,223 shares of the stock traded hands, compared to its average volume of 697,856. Terreno Realty has a twelve month low of $50.42 and a twelve month high of $66.63. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.90 and a beta of 0.81. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 2.68. The business has a 50 day moving average price of $63.07 and a 200 day moving average price of $59.87.

Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.10. The company had revenue of $86.48 million during the quarter, compared to the consensus estimate of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. Equities research analysts forecast that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.86%. Terreno Realty's dividend payout ratio (DPR) is presently 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.