Terreno Realty Co. (NYSE:TRNO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Terreno Realty Co. (NYSE:TRNOGet Free Report) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $64.60.

Several brokerages recently commented on TRNO. The Goldman Sachs Group reduced their target price on Terreno Realty from $68.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday, May 14th. Wedbush reaffirmed a “neutral” rating and set a $57.00 price objective (down from $67.00) on shares of Terreno Realty in a report on Tuesday, May 14th. Piper Sandler upped their target price on shares of Terreno Realty from $70.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Mizuho increased their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $65.00 price objective on shares of Terreno Realty in a report on Monday, May 13th.

Get Our Latest Report on Terreno Realty

Terreno Realty Stock Performance

NYSE:TRNO opened at $58.88 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 10.17 and a current ratio of 10.17. The firm’s 50-day moving average is $56.26 and its 200-day moving average is $60.40. Terreno Realty has a 52-week low of $50.42 and a 52-week high of $66.63. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 2.83 and a beta of 0.89.

Terreno Realty (NYSE:TRNOGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.18). Terreno Realty had a net margin of 49.12% and a return on equity of 5.59%. The firm had revenue of $85.03 million during the quarter, compared to analyst estimates of $86.56 million. Equities research analysts anticipate that Terreno Realty will post 2.28 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Friday, June 28th. Terreno Realty’s payout ratio is presently 93.75%.

Institutional Trading of Terreno Realty

Several hedge funds have recently modified their holdings of the stock. Mather Group LLC. bought a new position in Terreno Realty in the 1st quarter worth approximately $31,000. SRS Capital Advisors Inc. lifted its position in Terreno Realty by 337.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 408 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Terreno Realty in the 4th quarter valued at about $35,000. Whittier Trust Co. boosted its stake in shares of Terreno Realty by 123.4% in the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 337 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Terreno Realty by 84.2% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 452 shares during the period.

Terreno Realty Company Profile

(Get Free Report

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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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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