Analysts Set Terreno Realty Co. (NYSE:TRNO) Price Target at $65.27

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $65.00.

Several research firms recently issued reports on TRNO. Piper Sandler cut their price target on shares of Terreno Realty from $61.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and increased their target price for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. 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, February 10th. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets raised their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th.

Terreno Realty Stock Performance

TRNO traded up $0.45 during trading on Tuesday, hitting $57.42. The stock had a trading volume of 977,841 shares, compared to its average volume of 924,129. The firm has a market capitalization of $5.93 billion, a P/E ratio of 29.91, a PEG ratio of 2.82 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty has a twelve month low of $48.18 and a twelve month high of $71.63. The company's 50-day moving average price is $56.94 and its 200 day moving average price is $61.06.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty's dividend payout ratio is currently 98.49%.

Institutional Investors Weigh In On Terreno Realty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new position in Terreno Realty during the fourth quarter worth about $27,000. Geneos Wealth Management Inc. increased its stake in shares of Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 361 shares during the last quarter. Quarry LP raised its position in shares of Terreno Realty by 613.7% during the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 626 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in 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 buying 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.