Terreno Realty Co. (NYSE:TRNO) Receives Average Rating of “Hold” from Analysts

by · The Cerbat Gem

Terreno Realty Co. (NYSE:TRNO – Get Free Report) has earned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $66.45.

Several research firms have commented on TRNO. JMP Securities restated a “market outperform” rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective for the company. BMO Capital Markets increased their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th. Barclays cut their target price on shares of Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 25th. Finally, Piper Sandler reduced their price target on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Tuesday.

View Our Latest Analysis on TRNO

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in TRNO. Vanguard Group Inc. lifted its position in Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock valued at $902,293,000 after purchasing an additional 1,484,301 shares during the period. FMR LLC boosted its stake in shares of Terreno Realty by 5.9% in the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock worth $663,987,000 after buying an additional 628,116 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Terreno Realty by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust’s stock worth $304,305,000 after buying an additional 210,696 shares during the last quarter. Geode Capital Management LLC grew its holdings in Terreno Realty by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock worth $144,031,000 after acquiring an additional 19,900 shares during the period. Finally, Northern Trust Corp lifted its holdings in Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock valued at $109,150,000 after acquiring an additional 628,065 shares during the period.

Terreno Realty Stock Performance

NYSE TRNO opened at $57.65 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. Terreno Realty has a 1-year low of $48.18 and a 1-year high of $71.63. The business has a 50 day simple moving average of $63.09 and a two-hundred day simple moving average of $62.34. The stock has a market capitalization of $5.94 billion, a PE ratio of 30.03, a P/E/G ratio of 2.82 and a beta of 1.00.

Terreno Realty (NYSE:TRNO – Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, 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 was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.40%. Terreno Realty’s payout ratio is presently 102.08%.

About Terreno Realty

(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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