Analysts Set Terreno Realty Co. (NYSE:TRNO) Target Price at $69.36

Shares of Terreno Realty Co. (NYSE:TRNO - Get Free Report) have earned an average recommendation of "Hold" from the twelve brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $69.36.

Several research firms have recently commented on TRNO. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. Barclays reiterated an "equal weight" rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Piper Sandler reduced their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Finally, Scotiabank raised their price target on Terreno Realty from $64.00 to $68.00 and gave the company a "sector perform" rating in a report on Friday, February 28th.

Terreno Realty Stock Down 4.1 %

Shares of TRNO traded down $2.67 during midday trading on Thursday, reaching $62.56. The stock had a trading volume of 1,946,709 shares, compared to its average volume of 859,334. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The company's fifty day simple moving average is $65.78 and its two-hundred day simple moving average is $63.81. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 2.82 and a beta of 0.93. Terreno Realty has a 1-year low of $53.78 and a 1-year high of $71.63.

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Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. Equities research analysts expect that Terreno Realty will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be paid a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 3.13%. Terreno Realty's payout ratio is 102.08%.

Hedge Funds Weigh In On Terreno Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Terreno Realty by 2,381.3% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 381 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Terreno Realty during the 4th quarter valued at $27,000. Steward Partners Investment Advisory LLC increased its position in Terreno Realty by 176.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after buying an additional 361 shares in the last quarter. Quarry LP raised its holdings in shares of Terreno Realty by 613.7% in the fourth quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 626 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Terreno Realty by 94.6% in the fourth quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 370 shares in the last quarter.

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.