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

Key Points

• Terreno Realty Corporation has received a consensus rating of "Hold" from ten analysts, with one sell rating, seven hold ratings, and two buy ratings.
• The average 12-month price target for Terreno Realty is $64.00, with Goldman Sachs setting a buy rating and a price target of the same amount.
• Terreno Realty announced a quarterly dividend increase to $0.52 per share, effective October 10th, representing an annual yield of 3.8%.

Terreno Realty Corporation (NYSE:TRNO - Get Free Report) has received a consensus rating of "Hold" from the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $64.00.

TRNO has been the topic of a number of research reports. Barclays lowered 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. The Goldman Sachs Group set a $64.00 target price on Terreno Realty and gave the stock a "buy" rating in a research report on Tuesday. Wall Street Zen raised Terreno Realty from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company set a $72.00 target price on Terreno Realty in a research report on Sunday, July 13th.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $54.19 on Friday. The business's 50 day simple moving average is $56.70 and its 200 day simple moving average is $59.60. Terreno Realty has a one year low of $48.18 and a one year high of $71.63. The stock has a market capitalization of $5.60 billion, a PE ratio of 21.50, a PEG ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75.

Terreno Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a $0.52 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.08 annualized dividend and a yield of 3.8%. This is an increase from Terreno Realty's previous quarterly dividend of $0.49. Terreno Realty's dividend payout ratio is 77.78%.

Insider Activity

In other news, President Michael A. Coke sold 10,000 shares of Terreno Realty stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $53.96, for a total transaction of $539,600.00. Following the completion of the sale, the president owned 412,415 shares in the company, valued at approximately $22,253,913.40. This trade represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company's stock.

Institutional Trading of Terreno Realty

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 189 shares during the period. Geneos Wealth Management Inc. increased its stake in Terreno Realty by 304.3% in 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 during the period. Quarry LP increased its stake in Terreno Realty by 613.7% in 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 period. Jones Financial Companies Lllp increased its stake in Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 378 shares during the period. Finally, CWM LLC increased its stake in Terreno Realty by 26.5% in the 2nd quarter. CWM LLC now owns 1,171 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 245 shares during the period.

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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