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

Shares of Terreno Realty Corporation (NYSE:TRNO) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $65.5385.

Several equities research analysts have commented on TRNO shares. The Goldman Sachs Group upped their price target on shares of Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Mizuho lifted their price objective on Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Terreno Realty in a report on Monday. Barclays raised their target price on Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, September 15th. Finally, KeyCorp lifted their price target on Terreno Realty from $64.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th.

Insider Activity

In related news, EVP John Tull Meyer sold 4,758 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the transaction, the executive vice president directly owned 119,949 shares in the company, valued at $7,190,942.55. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Swiss Life Asset Management Ltd acquired a new stake in Terreno Realty in the 3rd quarter valued at $267,000. Cambria Investment Management L.P. raised its position in Terreno Realty by 15.6% during the third quarter. Cambria Investment Management L.P. now owns 10,132 shares of the real estate investment trust’s stock worth $575,000 after acquiring an additional 1,365 shares during the period. JPMorgan Chase & Co. lifted its holdings in Terreno Realty by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 1,252,479 shares of the real estate investment trust’s stock valued at $71,078,000 after purchasing an additional 159,104 shares in the last quarter. Capital Square LLC grew its position in shares of Terreno Realty by 4.5% in the third quarter. Capital Square LLC now owns 18,019 shares of the real estate investment trust’s stock valued at $1,023,000 after purchasing an additional 779 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Terreno Realty in the third quarter valued at about $619,000.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $60.68 on Friday. Terreno Realty has a twelve month low of $48.18 and a twelve month high of $69.20. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The company has a market cap of $6.27 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The company’s 50 day moving average is $60.72 and its 200 day moving average is $58.36.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million during the quarter, compared to analysts’ expectations of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. On average, sell-side analysts forecast that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. Terreno Realty’s dividend payout ratio (DPR) is presently 66.03%.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.