Terreno Realty Corporation (NYSE:TRNO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Terreno Realty Corporation (NYSE:TRNO) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $67.40.

Several analysts recently issued reports on TRNO shares. The Goldman Sachs Group lifted their target price on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. iA Financial set a $75.00 price objective on shares of Terreno Realty in a research report on Friday. Cantor Fitzgerald boosted their target price on shares of Terreno Realty from $67.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group set a $56.00 target price on shares of Terreno Realty in a research note on Thursday, December 4th. Finally, Scotiabank lifted their price target on shares of Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors have recently added to or reduced their stakes in TRNO. Global Retirement Partners LLC lifted its holdings in shares of Terreno Realty by 165.0% in the 4th quarter. Global Retirement Partners LLC now owns 946 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 589 shares during the last quarter. Covestor Ltd raised its position in Terreno Realty by 15.8% during the fourth quarter. Covestor Ltd now owns 4,548 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 621 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Terreno Realty by 4.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,166 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 300 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Terreno Realty by 24.6% in the 4th quarter. Handelsbanken Fonder AB now owns 45,130 shares of the real estate investment trust’s stock worth $2,650,000 after purchasing an additional 8,900 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Terreno Realty by 15.6% in the 4th quarter. Bessemer Group Inc. now owns 653,017 shares of the real estate investment trust’s stock worth $38,338,000 after purchasing an additional 88,322 shares during the period.

Terreno Realty Stock Up 1.7%

TRNO opened at $66.21 on Friday. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The firm’s fifty day moving average is $61.15 and its 200 day moving average is $59.20. Terreno Realty has a fifty-two week low of $48.18 and a fifty-two week high of $69.20.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.68. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%.The business had revenue of $137.48 million for the quarter, compared to analysts’ expectations of $124.72 million. On average, sell-side analysts forecast that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, March 27th. Terreno Realty’s payout ratio is currently 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.