Terreno Realty Co. (NYSE:TRNO) Receives $66.55 Average Target Price from Analysts

Terreno Realty Co. (NYSE:TRNO - Get Free Report) has received an average rating of "Hold" from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $66.45.

Several research analysts have weighed in on TRNO shares. Scotiabank lowered their price objective on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Barclays decreased their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. BMO Capital Markets raised their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, February 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Terreno Realty by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. FMR LLC lifted its stake in Terreno Realty by 5.9% in the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock valued at $663,987,000 after purchasing an additional 628,116 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Terreno Realty by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust's stock valued at $304,305,000 after buying an additional 210,696 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Terreno Realty by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock worth $144,031,000 after buying an additional 19,900 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Terreno Realty by 51.6% during the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after buying an additional 628,065 shares in the last quarter.

Terreno Realty Stock Performance

Shares of TRNO stock traded up $0.92 during midday trading on Monday, hitting $57.65. 1,072,632 shares of the company were exchanged, compared to its average volume of 900,021. The firm has a market capitalization of $5.94 billion, a P/E ratio of 30.03, a PEG ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. Terreno Realty has a 52 week low of $48.18 and a 52 week high of $71.63. The firm's 50 day moving average price is $63.09 and its two-hundred day moving average price is $62.34.

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

Terreno Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.96 annualized dividend and a dividend yield of 3.40%. Terreno Realty's dividend payout ratio is currently 102.08%.

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.