Terreno Realty (NYSE:TRNO) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty (NYSE:TRNO) in a report released on Tuesday, Marketbeat reports. The brokerage issued a hold rating and a $60.00 price target on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays restated an “equal weight” rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, January 6th. Scotiabank decreased their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $67.50.

Terreno Realty Stock Performance

TRNO stock opened at $59.71 on Tuesday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 2.87 and a beta of 0.90. Terreno Realty has a one year low of $53.78 and a one year high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The firm has a 50-day simple moving average of $60.19 and a two-hundred day simple moving average of $63.98.

Terreno Realty (NYSE:TRNO) last issued 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). The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. On average, equities analysts forecast that Terreno Realty will post 2.41 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were given 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 dividend yield of 3.28%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Institutional Investors Weigh In On Terreno Realty

Large investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after acquiring an additional 1,496,666 shares in the last quarter. Geode Capital Management LLC raised its stake in Terreno Realty by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after purchasing an additional 8,940 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after purchasing an additional 315,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Terreno Realty by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after purchasing an additional 103,833 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Terreno Realty by 238.3% during the second quarter. Thrivent Financial for Lutherans now owns 1,327,932 shares of the real estate investment trust’s stock worth $78,587,000 after buying an additional 935,418 shares in the last quarter.

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.