Terreno Realty Corporation (NYSE:TRNO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Moderate Buy consensus from 12 analysts (1 sell, 2 hold, 8 buy, 1 strong buy) with an average 1‑year target of $69.36 and several firms raising targets as high as $75.00.
• Terreno significantly beat expectations for the quarter (EPS $1.53 vs. $0.85 estimate; revenue $137.48M vs. $124.72M) and analysts forecast about $2.79 EPS for the current fiscal year.
• The REIT pays a quarterly dividend of $0.52 (annualized $2.08) for a yield of roughly 3.1%, while keeping low leverage (debt/equity 0.24) and a market cap around $7.05B.

Shares of Terreno Realty Corporation (NYSE:TRNO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $69.3571.

A number of analysts have recently commented on TRNO shares. iA Financial set a $75.00 price target on Terreno Realty in a research report on Friday, February 6th. Citizens Jmp boosted their price target on Terreno Realty from $66.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Friday, February 6th. Scotiabank boosted their price target on Terreno Realty from $67.00 to $69.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 14th. Citigroup boosted their price target on Terreno Realty from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. Finally, Royal Bank Of Canada set a $72.00 price target on Terreno Realty in a research report on Monday, February 9th.

Terreno Realty Stock Performance

Terreno Realty stock opened at $66.38 on Friday. The stock's 50 day simple moving average is $64.03 and its two-hundred day simple moving average is $61.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 17.02 and a beta of 1.12. Terreno Realty has a fifty-two week low of $53.00 and a fifty-two week high of $67.55.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $137.48 million for the quarter, compared to analysts' expectations of $124.72 million. As a group, analysts expect that Terreno Realty will post 2.79 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, March 27th. Terreno Realty's payout ratio is currently 53.33%.

Institutional Trading of Terreno Realty

Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. bought a new position in Terreno Realty in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC bought a new position in Terreno Realty in the 3rd quarter valued at approximately $25,000. First Horizon Corp bought a new position in Terreno Realty in the 3rd quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Terreno Realty by 52.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 172 shares in 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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