Terreno Realty Co. (NYSE:TRNO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Terreno Realty Co. (NYSE:TRNO) have been given an average recommendation of “Hold” by the nine brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $67.11.

TRNO has been the topic of several research reports. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Saturday, March 23rd. Wedbush reissued a “neutral” rating and set a $67.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th. Scotiabank boosted their price objective on shares of Terreno Realty from $64.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Monday, February 12th. The Goldman Sachs Group boosted their price objective on shares of Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Finally, JMP Securities reissued a “market outperform” rating and set a $65.00 price objective on shares of Terreno Realty in a research note on Thursday, March 28th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Mather Group LLC. purchased a new position in shares of Terreno Realty during the first quarter valued at approximately $31,000. SRS Capital Advisors Inc. raised its holdings in shares of Terreno Realty by 337.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 408 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Terreno Realty during the fourth quarter valued at approximately $35,000. Blue Trust Inc. raised its holdings in shares of Terreno Realty by 84.2% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 452 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Terreno Realty during the fourth quarter valued at approximately $76,000.

Terreno Realty Trading Down 0.6 %

Shares of TRNO opened at $54.13 on Monday. The firm’s 50-day moving average price is $62.10 and its 200-day moving average price is $59.99. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.49 and a beta of 0.81. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28. Terreno Realty has a 1-year low of $50.42 and a 1-year high of $66.63.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The firm had revenue of $86.48 million for 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%. Sell-side analysts anticipate that Terreno Realty will post 2.42 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 3.33%. Terreno Realty’s dividend payout ratio is presently 99.45%.

About Terreno Realty

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.