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

Shares of Terreno Realty Co. (NYSE:TRNO - Get Free Report) have earned an average recommendation of "Hold" from the ten analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $69.22.

Several equities research analysts recently issued reports on TRNO shares. Mizuho restated an "underperform" rating and issued a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. StockNews.com cut shares of Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Wolfe Research raised shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. Wells Fargo & Company lowered shares of 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 research report on Wednesday, August 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 12th.

Terreno Realty Stock Performance

NYSE:TRNO traded down $0.47 on Friday, hitting $60.38. The company's stock had a trading volume of 191,621 shares, compared to its average volume of 705,607. The firm has a market capitalization of $6.02 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. Terreno Realty has a one year low of $53.78 and a one year high of $71.63. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $64.71 and a two-hundred day moving average of $62.86.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued 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). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Research analysts predict that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, December 13th. Terreno Realty's dividend payout ratio (DPR) is presently 107.69%.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty in the 3rd quarter valued at approximately $26,000. Assetmark Inc. grew its position in 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 during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty in the second quarter valued at about $48,000. EntryPoint Capital LLC lifted its stake in shares of Terreno Realty by 80.3% in 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 period. Finally, International Assets Investment Management LLC lifted its stake in shares of Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 987 shares during the period.

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.