Terreno Realty Co. (NYSE:TRNO) Receives Consensus Rating of "Hold" from Brokerages

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has received an average rating of "Hold" from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $67.11.

Several research firms recently commented on TRNO. Mizuho upped their price objective on Terreno Realty from $52.00 to $62.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Barclays assumed coverage on Terreno Realty in a research note on Wednesday, March 27th. They set an "overweight" rating and a $71.00 price target for the company. Piper Sandler boosted their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. Scotiabank increased their target price on shares of Terreno Realty from $64.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Monday, February 12th. Finally, StockNews.com upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Saturday, March 23rd.

Terreno Realty Stock Up 1.8 %

Shares of TRNO traded up $0.96 during trading hours on Monday, reaching $55.09. 550,427 shares of the stock traded hands, compared to its average volume of 711,232. Terreno Realty has a 52 week low of $50.42 and a 52 week high of $66.63. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 2.49 and a beta of 0.81. The stock has a fifty day simple moving average of $61.95 and a 200 day simple moving average of $59.99. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.10. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. The company had revenue of $86.48 million during the quarter, compared to the consensus estimate of $84.06 million. On average, equities analysts forecast that Terreno Realty will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Terreno Realty's dividend payout ratio (DPR) is currently 99.45%.

Institutional Trading of Terreno Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of Terreno Realty during the first quarter valued at about $31,000. SRS Capital Advisors Inc. grew its position in Terreno Realty by 337.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 408 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Terreno Realty in the 4th quarter worth approximately $35,000. Blue Trust Inc. increased its stake in Terreno Realty by 84.2% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 452 shares during the period. Finally, Principal Securities Inc. bought a new stake in Terreno Realty in the fourth quarter valued at approximately $76,000.

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.