Terreno Realty Co. (NYSE:TRNO) Given Average Recommendation of "Hold" by Analysts

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has earned a consensus recommendation of "Hold" from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $69.56.

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Mizuho restated an "underperform" rating and set a $62.00 price target on shares of Terreno Realty in a research report on Thursday, September 5th. Wedbush restated a "neutral" rating and set a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Wolfe Research raised Terreno Realty to a "hold" rating in a research note on Sunday, September 22nd. Finally, Wells Fargo & Company cut Terreno Realty from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th.

Insider Buying and Selling

In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company's stock, valued at $6,970,787.53. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now directly owns 101,927 shares of the company's stock, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Tull Meyer sold 6,145 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the sale, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,643 shares of company stock valued at $1,277,581 over the last ninety days. 2.40% of the stock is owned by insiders.

Institutional Trading of Terreno Realty

Large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty during the third quarter valued at approximately $26,000. Mather Group LLC. purchased a new position in shares of Terreno Realty during the first quarter valued at approximately $31,000. Whittier Trust Co. lifted its holdings in shares of Terreno Realty by 123.4% during the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 337 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Terreno Realty during the second quarter valued at approximately $48,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Terreno Realty by 80.3% during the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 419 shares during the last quarter.

Terreno Realty Price Performance

TRNO traded down $1.17 during trading on Monday, reaching $63.28. The stock had a trading volume of 531,694 shares, compared to its average volume of 707,316. The business has a 50-day moving average of $67.43 and a 200-day moving average of $62.55. Terreno Realty has a one year low of $50.42 and a one year high of $71.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market cap of $6.13 billion, a PE ratio of 35.61, a PEG ratio of 2.97 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The firm had revenue of $94.25 million for the quarter, compared to analysts' expectations of $89.07 million. As a group, equities research analysts anticipate that Terreno Realty will post 2.41 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Terreno Realty's previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 3.10%. Terreno Realty's dividend payout ratio (DPR) is presently 108.29%.

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.