Terreno Realty Co. (NYSE:TRNO) Receives $64.60 Consensus Target Price from Analysts

Terreno Realty Co. (NYSE:TRNOGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $64.60.

Several equities research analysts recently issued reports on TRNO shares. JMP Securities restated a “market outperform” rating and issued a $65.00 target price on shares of Terreno Realty in a report on Monday, May 13th. BNP Paribas started coverage on shares of Terreno Realty in a research note on Tuesday, June 4th. They set an “outperform” rating and a $68.00 price target on the stock. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Mizuho lifted their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Scotiabank dropped their price target on shares of Terreno Realty from $66.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 16th.

View Our Latest Stock Analysis on TRNO

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mather Group LLC. acquired a new position in Terreno Realty during the 1st quarter valued at approximately $31,000. SRS Capital Advisors Inc. increased its stake in shares of Terreno Realty by 337.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 408 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Terreno Realty in the fourth quarter worth $35,000. Whittier Trust Co. increased its stake in shares of Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 337 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Terreno Realty by 84.2% during the fourth 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 in the last quarter.

Terreno Realty Price Performance

Shares of TRNO opened at $57.96 on Tuesday. The company has a market capitalization of $5.60 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.83 and a beta of 0.89. The company has a quick ratio of 10.17, a current ratio of 10.17 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $56.27 and a 200 day moving average of $60.39. Terreno Realty has a twelve month low of $50.42 and a twelve month high of $66.63.

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

Terreno Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.80 annualized dividend and a dividend yield of 3.11%. Terreno Realty’s payout ratio is presently 93.75%.

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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