Terreno Realty (NYSE:TRNO) Given New $57.00 Price Target at Barclays

Terreno Realty (NYSE:TRNO) had its price objective hoisted by Barclays from $56.00 to $57.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Terreno Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th. The Goldman Sachs Group set a $64.00 target price on Terreno Realty and gave the company a “buy” rating in a research report on Tuesday, August 12th. Wells Fargo & Company decreased their target price on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Finally, KeyCorp decreased their target price on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.00.

Terreno Realty Trading Down 0.4%

TRNO opened at $58.31 on Monday. Terreno Realty has a one year low of $48.18 and a one year high of $70.10. The company has a market cap of $6.02 billion, a P/E ratio of 23.14, a PEG ratio of 2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.75. The business’s 50-day simple moving average is $56.49 and its 200-day simple moving average is $58.15.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, September 29th. This is an increase from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio (DPR) is 77.78%.

Insiders Place Their Bets

In related news, President Michael A. Coke sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the completion of the transaction, the president directly owned 412,415 shares of the company’s stock, valued at $22,253,913.40. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Terreno Realty

Several hedge funds have recently bought and sold shares of TRNO. BNP Paribas Financial Markets increased its position in Terreno Realty by 8.5% during the fourth quarter. BNP Paribas Financial Markets now owns 22,246 shares of the real estate investment trust’s stock worth $1,316,000 after buying an additional 1,745 shares in the last quarter. Cetera Investment Advisers increased its position in Terreno Realty by 9.9% during the fourth quarter. Cetera Investment Advisers now owns 4,235 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 383 shares in the last quarter. Janus Henderson Group PLC increased its position in Terreno Realty by 23.2% during the fourth quarter. Janus Henderson Group PLC now owns 64,964 shares of the real estate investment trust’s stock worth $3,843,000 after buying an additional 12,231 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Terreno Realty by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,397 shares of the real estate investment trust’s stock worth $3,217,000 after buying an additional 2,102 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in Terreno Realty by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,336 shares of the real estate investment trust’s stock worth $847,000 after buying an additional 555 shares in the last quarter.

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.