Wall Street Zen Upgrades Terreno Realty (NYSE:TRNO) to Hold

Wall Street Zen upgraded shares of Terreno Realty (NYSE:TRNO - Free Report) from a sell rating to a hold rating in a report published on Tuesday.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and lifted their price target for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities reiterated a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. BMO Capital Markets increased their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Finally, Scotiabank reduced their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has an average rating of "Hold" and an average target price of $65.36.

Terreno Realty Price Performance

Shares of NYSE TRNO traded down $0.44 during midday trading on Tuesday, reaching $55.12. 703,767 shares of the company traded hands, compared to its average volume of 919,685. Terreno Realty has a 12 month low of $48.18 and a 12 month high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The stock's 50-day simple moving average is $58.01 and its 200-day simple moving average is $61.30. The firm has a market cap of $5.69 billion, a PE ratio of 28.71, a PEG ratio of 2.82 and a beta of 1.07.

Terreno Realty Dividend Announcement

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 paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, June 27th. Terreno Realty's dividend payout ratio (DPR) is presently 98.49%.

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRNO. Manchester Capital Management LLC acquired a new position in Terreno Realty during the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. raised its stake in shares of Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust's stock worth $29,000 after buying an additional 350 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 361 shares during the period. Quarry LP boosted its stake in Terreno Realty by 613.7% in the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 626 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 370 shares during the last quarter.

About Terreno Realty

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.