Terreno Realty (NYSE:TRNO) Receives “Neutral” Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of Terreno Realty (NYSE:TRNOFree Report) in a report issued on Thursday morning, Benzinga reports. Wedbush currently has a $67.00 target price on the real estate investment trust’s stock.

Several other research firms have also weighed in on TRNO. StockNews.com upgraded shares of Terreno Realty from a sell rating to a hold rating in a research note on Saturday, March 23rd. Scotiabank lifted their price objective on shares of Terreno Realty from $64.00 to $66.00 and gave the company a sector perform rating in a research note on Monday, February 12th. Barclays assumed coverage on shares of Terreno Realty in a research note on Wednesday. They issued an overweight rating and a $71.00 price objective for the company. Piper Sandler lifted their price objective on shares of Terreno Realty from $70.00 to $73.00 and gave the company an overweight rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Terreno Realty from $60.00 to $66.00 and gave the company a neutral rating in a research note on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has a consensus rating of Hold and a consensus price target of $66.00.

Check Out Our Latest Stock Analysis on Terreno Realty

Terreno Realty Stock Up 1.7 %

Terreno Realty stock opened at $66.41 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.68 and a current ratio of 2.68. Terreno Realty has a 52-week low of $50.42 and a 52-week high of $66.47. The firm has a 50 day moving average price of $62.82 and a two-hundred day moving average price of $59.78. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 3.04 and a beta of 0.81.

Terreno Realty (NYSE:TRNOGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.10. The firm had revenue of $86.48 million during the quarter, compared to analyst estimates of $84.06 million. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. Equities analysts predict that Terreno Realty will post 2.39 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 27th. Terreno Realty’s dividend payout ratio is 99.45%.

Hedge Funds Weigh In On Terreno Realty

A number of hedge funds have recently bought and sold shares of TRNO. Point72 Hong Kong Ltd purchased a new position in Terreno Realty during the 1st quarter worth $28,000. Ronald Blue Trust Inc. boosted its holdings in shares of Terreno Realty by 93.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 260 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Terreno Realty by 337.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 408 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Terreno Realty in the 4th quarter worth about $35,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of Terreno Realty in the 2nd quarter worth about $49,000.

Terreno Realty Company Profile

(Get Free Report)

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.

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