Piper Sandler Lowers Terreno Realty (NYSE:TRNO) Price Target to $60.00

Terreno Realty (NYSE:TRNO - Free Report) had its target price decreased by Piper Sandler from $61.00 to $60.00 in a research note published on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust's stock.

A number of other analysts have also commented on TRNO. BMO Capital Markets upped their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Barclays decreased their price objective on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. The Goldman Sachs Group upgraded shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their price target for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities reissued a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Scotiabank lowered their target price on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has an average rating of "Hold" and an average price target of $66.45.

Terreno Realty Stock Performance

Shares of NYSE:TRNO traded up $0.92 on Tuesday, reaching $57.65. 1,072,632 shares of the company's stock were exchanged, compared to its average volume of 900,701. The business's 50-day moving average is $63.09 and its two-hundred day moving average is $62.32. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 2.82 and a beta of 1.00.

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, beating 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%. As a group, equities research analysts forecast that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

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

Institutional Trading of Terreno Realty

Several institutional investors have recently made changes to their positions in TRNO. Janney Montgomery Scott LLC lifted its stake in Terreno Realty by 10.0% during the first quarter. Janney Montgomery Scott LLC now owns 8,256 shares of the real estate investment trust's stock worth $522,000 after purchasing an additional 750 shares during the period. SG Americas Securities LLC acquired a new position in shares of Terreno Realty in the 1st quarter worth approximately $948,000. GAMMA Investing LLC lifted its position in shares of Terreno Realty by 840.2% during the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the real estate investment trust's stock worth $78,000 after buying an additional 1,109 shares during the period. Harbor Capital Advisors Inc. boosted its position in Terreno Realty by 7.3% in the first quarter. Harbor Capital Advisors Inc. now owns 32,078 shares of the real estate investment trust's stock valued at $2,028,000 after buying an additional 2,194 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new stake in Terreno Realty during the first quarter worth about $202,000.

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.