Terreno Realty Corporation (NYSE:TRNO) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Moderate Buy — 12 brokerages cover TRNO (1 sell, 2 hold, 8 buy, 1 strong buy) with an average 12-month target of $69.36 and several recent price-target raises (e.g., Piper Sandler to $79, Cantor Fitzgerald to $75).
• Quarterly results beat — Terreno reported EPS of $1.53 vs. $0.85 expected and revenue $137.48M vs. $124.72M, with a net margin of 84.5%; analysts forecast ~2.64 EPS for the current fiscal year.
• Dividend income — The company declared a $0.52 quarterly dividend (annualized $2.08) implying a ~3.2% yield, ex-dividend and record dates in late March and payment in April.

Shares of Terreno Realty Corporation (NYSE:TRNO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $69.3571.

A number of equities analysts have weighed in on TRNO shares. Cantor Fitzgerald upped their price target on Terreno Realty from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Royal Bank Of Canada set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 9th. Piper Sandler raised their price target on shares of Terreno Realty from $75.00 to $79.00 and gave the company an "overweight" rating in a report on Monday, February 9th. Citigroup lifted their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. Finally, iA Financial set a $75.00 price objective on shares of Terreno Realty in a research report on Friday, February 6th.

Terreno Realty Stock Down 0.6%

Shares of Terreno Realty stock opened at $65.01 on Thursday. Terreno Realty has a twelve month low of $48.18 and a twelve month high of $69.20. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $62.73 and a 200 day moving average price of $60.52.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.68. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%.The company had revenue of $137.48 million for the quarter, compared to analysts' expectations of $124.72 million. Equities research analysts forecast 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 10th. Investors of record on Friday, March 27th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Terreno Realty's dividend payout ratio is currently 53.33%.

Institutional Investors Weigh In On Terreno Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wiser Advisor Group LLC bought a new stake in shares of Terreno Realty in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew its position in Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust's stock worth $25,000 after buying an additional 189 shares during the last quarter. Mather Group LLC. bought a new position in shares of Terreno Realty in the third quarter valued at $25,000. First Horizon Corp bought a new position in shares of Terreno Realty in the third quarter valued at $26,000. Finally, Geneos Wealth Management Inc. lifted its position 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 valued at $29,000 after acquiring an additional 350 shares during the last quarter.

About Terreno Realty

Terreno Realty Corporation NYSE: TRNO is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company's portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.

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