Terreno Realty Co. (NYSE:TRNO) Receives $67.50 Average PT from Brokerages

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has earned a consensus rating of "Hold" from the eleven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $67.50.

A number of analysts have recently weighed in on TRNO shares. Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 target price for the company. Finally, Barclays restated an "equal weight" rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th.

Institutional Investors Weigh In On Terreno Realty

Several institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its position in shares of Terreno Realty by 39.3% in the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust's stock valued at $6,156,000 after purchasing an additional 25,988 shares during the last quarter. Barclays PLC raised its holdings in shares of Terreno Realty by 131.0% in the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust's stock worth $11,360,000 after buying an additional 96,380 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Terreno Realty by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after buying an additional 315,506 shares during the period. Geode Capital Management LLC grew its holdings in shares of Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock valued at $161,423,000 after buying an additional 8,940 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Terreno Realty during the third quarter valued at $225,000.

Terreno Realty Price Performance

Terreno Realty stock traded down $0.20 during midday trading on Wednesday, reaching $65.43. 664,260 shares of the stock traded hands, compared to its average volume of 789,625. 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 12 month low of $53.78 and a 12 month high of $71.63. The stock's fifty day moving average is $60.99 and its 200-day moving average is $64.10. The stock has a market cap of $6.53 billion, a P/E ratio of 35.95, a PEG ratio of 2.72 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. As a group, equities research analysts anticipate that Terreno Realty will post 2.42 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 13th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Friday, December 13th. Terreno Realty's dividend payout ratio is currently 107.69%.

Terreno Realty Company Profile

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.