Terreno Realty Co. (NYSE:TRNO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Terreno Realty Co. (NYSE:TRNO) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $69.56.

A number of research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Wedbush reissued a “neutral” rating and issued a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. The Goldman Sachs Group increased their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th. Finally, Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research report on Sunday.

Insiders Place Their Bets

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the sale, the executive vice president now owns 110,988 shares in the company, valued at approximately $7,618,216.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the sale, the chief financial officer now directly owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,643 shares of company stock valued at $1,277,581. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Terreno Realty

Several large investors have recently added to or reduced their stakes in TRNO. Mather Group LLC. bought a new position in shares of Terreno Realty in the 1st quarter worth $31,000. Whittier Trust Co. increased its holdings in Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 337 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Terreno Realty in the second quarter valued at approximately $48,000. EntryPoint Capital LLC raised its position in shares of Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares during the last quarter. Finally, CWM LLC lifted its holdings in Terreno Realty by 58.2% in the 2nd quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 438 shares in the last quarter.

Terreno Realty Stock Down 1.7 %

TRNO stock opened at $67.56 on Thursday. Terreno Realty has a 52 week low of $50.42 and a 52 week high of $71.63. The company has a market cap of $6.55 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 3.18 and a beta of 0.90. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $68.31 and a 200 day simple moving average of $62.45.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The business had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. Sell-side analysts anticipate that Terreno Realty will post 2.42 EPS for the current fiscal year.

Terreno Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Monday, September 30th will be paid a $0.49 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.90%. Terreno Realty’s payout ratio is currently 93.75%.

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.