Terreno Realty's (TRNO) "Equal Weight" Rating Reaffirmed at Barclays

Barclays restated their equal weight rating on shares of Terreno Realty (NYSE:TRNO - Free Report) in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a $60.00 price target on the real estate investment trust's stock, down from their previous price target of $68.00.

TRNO has been the subject of a number of other reports. StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Wolfe Research raised Terreno Realty to a "hold" rating in a research report on Sunday, September 22nd. Scotiabank decreased their price objective on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research report on Friday, October 25th. Finally, JMP Securities reissued a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $68.33.

Terreno Realty Stock Down 0.0 %

NYSE TRNO traded down $0.02 during trading hours on Monday, hitting $57.90. 52,943 shares of the company were exchanged, compared to its average volume of 829,526. The company has a 50 day moving average of $60.25 and a two-hundred day moving average of $63.98. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million for the quarter, compared to analysts' expectations of $96.31 million. Equities research analysts anticipate that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were issued a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 annualized dividend and a yield of 3.39%. Terreno Realty's dividend payout ratio is presently 107.69%.

Hedge Funds Weigh In On Terreno Realty

Hedge funds have recently bought and sold shares of the stock. Huntington National Bank grew its position in shares of Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after purchasing an additional 177 shares during the period. MML Investors Services LLC grew its position in shares of 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 valued at $291,000 after purchasing an additional 249 shares during the period. Amalgamated Bank grew its position in shares of Terreno Realty by 9.9% in the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 284 shares during the period. Handelsbanken Fonder AB grew its position in shares of Terreno Realty by 1.1% in the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust's stock valued at $1,860,000 after purchasing an additional 300 shares during the period. Finally, Creative Planning grew its position in shares of Terreno Realty by 7.0% in the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust's stock valued at $284,000 after purchasing an additional 312 shares during the period.

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.