Analysts Set Terreno Realty Co. (NYSE:TRNO) Price Target at $69.36

Shares of Terreno Realty Co. (NYSE:TRNO) have earned an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $69.09.

TRNO has been the topic of several research reports. Barclays dropped their price objective on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a report on Tuesday. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and raised their price target for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective for the company. Scotiabank raised their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, February 28th. Finally, Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th.

Institutional Investors Weigh In On Terreno Realty

A number of hedge funds have recently added to or reduced their stakes in the company. Mariner LLC raised its stake in shares of Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 161 shares in the last quarter. MML Investors Services LLC raised its position in Terreno Realty by 6.1% in the third quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 249 shares in the last quarter. First Trust Advisors LP lifted its holdings in Terreno Realty by 0.9% in the fourth quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust’s stock valued at $1,810,000 after acquiring an additional 271 shares during the period. Arizona State Retirement System lifted its holdings in Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock valued at $1,663,000 after acquiring an additional 276 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in shares of Terreno Realty by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,994 shares of the real estate investment trust’s stock worth $591,000 after purchasing an additional 316 shares in the last quarter.

Terreno Realty Stock Performance

Shares of TRNO opened at $63.92 on Thursday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $66.04 and a 200 day moving average price of $63.71.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Research analysts predict that Terreno Realty will post 2.64 EPS for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.07%. Terreno Realty’s dividend payout ratio (DPR) is 102.08%.

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.