Terreno Realty Co. (NYSE:TRNO) Given Consensus Rating of “Hold” by Analysts

Shares of Terreno Realty Co. (NYSE:TRNO) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $69.36.

A number of research firms have issued reports on TRNO. Piper Sandler cut their price target on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. The Goldman Sachs Group upgraded Terreno Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Barclays restated an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Finally, BMO Capital Markets boosted their target price on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. lifted its stake in Terreno Realty by 83.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 18,252 shares of the real estate investment trust’s stock valued at $1,079,000 after purchasing an additional 8,282 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Terreno Realty by 44.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,532 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 2,001 shares during the last quarter. DigitalBridge Group Inc. lifted its stake in Terreno Realty by 9.7% in the fourth quarter. DigitalBridge Group Inc. now owns 119,889 shares of the real estate investment trust’s stock valued at $7,090,000 after purchasing an additional 10,600 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Terreno Realty in the fourth quarter valued at approximately $104,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Terreno Realty by 1.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 143,782 shares of the real estate investment trust’s stock valued at $8,503,000 after purchasing an additional 2,447 shares during the last quarter.

Terreno Realty Price Performance

TRNO stock opened at $67.79 on Friday. The company has a market capitalization of $6.76 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63. The business has a 50-day simple moving average of $63.38 and a two-hundred day simple moving average of $64.02.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (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%. Research analysts expect that Terreno Realty will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.89%. Terreno Realty’s payout ratio is 102.08%.

About Terreno Realty

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.