Terreno Realty Corporation (NYSE:TRNO) Receives Average Rating of "Hold" from Analysts

Shares of Terreno Realty Corporation (NYSE:TRNO - Get Free Report) have received a consensus recommendation of "Hold" from the eleven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $65.00.

Several research firms have recently commented on TRNO. Wells Fargo & Company reduced their price target on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays cut their target price on Terreno Realty from $57.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 27th. Piper Sandler cut their target price on Terreno Realty from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Scotiabank cut their target price on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th.

Terreno Realty Price Performance

Shares of TRNO opened at $57.47 on Wednesday. The business's 50-day moving average is $57.43 and its two-hundred day moving average is $60.44. The company has a market capitalization of $5.94 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.35 and a current ratio of 2.35. Terreno Realty has a fifty-two week low of $48.18 and a fifty-two week high of $71.63.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is currently 98.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRNO. Natixis Advisors LLC acquired a new position in Terreno Realty during the fourth quarter worth $789,000. Corient Private Wealth LLC increased its holdings in Terreno Realty by 327.6% during the fourth quarter. Corient Private Wealth LLC now owns 22,968 shares of the real estate investment trust's stock worth $1,358,000 after buying an additional 17,596 shares during the last quarter. Xponance Inc. increased its holdings in Terreno Realty by 9.5% during the fourth quarter. Xponance Inc. now owns 6,861 shares of the real estate investment trust's stock worth $406,000 after buying an additional 597 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Terreno Realty by 185.0% during the fourth quarter. Teacher Retirement System of Texas now owns 31,398 shares of the real estate investment trust's stock worth $1,857,000 after buying an additional 20,380 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Terreno Realty by 214.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,184 shares of the real estate investment trust's stock worth $3,086,000 after buying an additional 35,600 shares during 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.

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