Brokerages Set Terreno Realty Co. (NYSE:TRNO) Price Target at $69.22

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has received an average rating of "Hold" from the ten ratings firms that are currently covering the company, MarketBeat.com 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $69.22.

Several research firms recently issued reports on TRNO. The Goldman Sachs Group raised their price target on Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 12th. StockNews.com cut Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Wedbush reiterated a "neutral" rating and issued a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company cut Terreno Realty from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $71.00 to $75.00 in a report on Wednesday, August 28th.

Terreno Realty Price Performance

Shares of TRNO stock traded down $0.44 during trading hours on Tuesday, hitting $62.78. 1,677,272 shares of the company's stock were exchanged, compared to its average volume of 721,580. The stock's 50-day moving average is $61.98 and its 200-day moving average is $63.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. Terreno Realty has a 52 week low of $53.78 and a 52 week high of $71.63.

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

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be given a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.12%. Terreno Realty's dividend payout ratio is presently 107.69%.

Hedge Funds Weigh In On Terreno Realty

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank lifted its stake in Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 177 shares in the last quarter. MML Investors Services LLC lifted its stake in Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock valued at $291,000 after acquiring an additional 249 shares in the last quarter. Amalgamated Bank lifted its stake in Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust's stock valued at $187,000 after acquiring an additional 284 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Terreno Realty by 1.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust's stock valued at $1,860,000 after acquiring an additional 300 shares in the last quarter. Finally, Creative Planning lifted its stake in Terreno Realty by 7.0% in the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust's stock valued at $284,000 after acquiring an additional 312 shares in the last quarter.

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.