Terreno Realty (NYSE:TRNO - Free Report) had its price objective trimmed by Barclays from $60.00 to $57.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust's stock.
Other analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Scotiabank boosted their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a research report on Friday, February 28th. JMP Securities reaffirmed a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $65.00 to $77.00 in a report on Friday, February 21st. Finally, Piper Sandler dropped their target price on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $69.09.
Read Our Latest Report on TRNO
Terreno Realty Stock Performance
Shares of TRNO traded down $0.42 during trading hours on Tuesday, reaching $62.68. 513,906 shares of the company traded hands, compared to its average volume of 876,616. The stock has a market capitalization of $6.46 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.82 and a beta of 0.93. 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 business has a fifty day moving average price of $66.11 and a 200-day moving average price of $63.67. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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%. Equities analysts anticipate that Terreno Realty will post 2.64 EPS for the current fiscal year.
Terreno Realty Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, March 27th. Terreno Realty's payout ratio is presently 102.08%.
Hedge Funds Weigh In On Terreno Realty
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRNO. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty during the fourth quarter worth about $27,000. Steward Partners Investment Advisory LLC raised its stake in Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 361 shares during the last quarter. Quarry LP lifted its holdings in Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 626 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock worth $45,000 after buying an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of Terreno Realty during the 4th quarter worth approximately $71,000.
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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