Terreno Realty’s (TRNO) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Terreno Realty (NYSE:TRNO) in a report released on Monday morning,Benzinga reports. JMP Securities currently has a $72.00 target price on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Barclays decreased their price objective on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, Scotiabank cut their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.22.

Terreno Realty Price Performance

Shares of TRNO stock opened at $58.53 on Monday. The firm has a market cap of $5.84 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.87 and a beta of 0.90. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The business’s 50 day moving average price is $60.31 and its 200-day moving average price is $63.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. On average, equities research analysts anticipate that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.35%. Terreno Realty’s dividend payout ratio (DPR) is 107.69%.

Institutional Trading of Terreno Realty

Several large investors have recently added to or reduced their stakes in TRNO. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty in the third quarter valued at approximately $26,000. Assetmark Inc. grew its position in Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Terreno Realty in the second quarter worth approximately $48,000. International Assets Investment Management LLC grew its position in Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 987 shares during the period. Finally, Huntington National Bank grew its position in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 177 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.