Terreno Realty Co. (NYSE:TRNO) Receives Consensus Recommendation of "Hold" from Brokerages

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has received a consensus recommendation of "Hold" from the ten analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $69.22.

A number of brokerages have issued reports on TRNO. Wolfe Research raised Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. JMP Securities reissued a "market outperform" rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, December 9th. StockNews.com cut shares of Terreno Realty from a "hold" rating to a "sell" rating in a research note on Friday, October 11th. Scotiabank cut their target price on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research note on Friday, October 25th. Finally, Barclays dropped their price target on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating for the company in a report on Monday, October 28th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRNO. FMR LLC raised its stake in shares of Terreno Realty by 16.4% during the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock worth $708,348,000 after buying an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Terreno Realty by 0.4% in the 3rd 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 purchasing an additional 8,940 shares during the period. American Century Companies Inc. boosted its position in shares of Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock worth $127,287,000 after purchasing an additional 146,808 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 315,506 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Terreno Realty by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock valued at $81,862,000 after purchasing an additional 103,833 shares during the last quarter.

Terreno Realty Price Performance

NYSE TRNO traded up $1.24 on Friday, reaching $58.64. The company's stock had a trading volume of 791,628 shares, compared to its average volume of 939,314. The firm has a market cap of $5.85 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. The company has a current ratio of 2.71, a quick 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 business has a 50-day moving average price of $60.48 and a 200 day moving average price of $63.89.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $99.64 million during 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%. Sell-side analysts expect that Terreno Realty will post 2.41 EPS for the current year.

Terreno Realty Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.34%. Terreno Realty's payout ratio is 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.