Terreno Realty (NYSE:TRNO) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Terreno Realty (NYSE:TRNO – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Other equities research analysts have also issued reports about the company. BTIG Research increased their target price on Terreno Realty from $74.00 to $80.00 in a research report on Thursday, February 9th. TheStreet raised Terreno Realty from a c+ rating to a b- rating in a research report on Wednesday, November 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $67.33.

Terreno Realty Stock Performance

TRNO stock opened at $60.77 on Thursday. Terreno Realty has a 12-month low of $50.36 and a 12-month high of $81.01. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $63.08 and its 200 day simple moving average is $59.03. The firm has a market cap of $5.03 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.20 and a beta of 0.81.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 6th. Stockholders of record on Friday, March 31st will be paid a $0.40 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. Terreno Realty’s payout ratio is 61.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TRNO. Ronald Blue Trust Inc. boosted its stake in Terreno Realty by 1,519.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 502 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 471 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Terreno Realty during the first quarter valued at about $28,000. Itau Unibanco Holding S.A. bought a new position in Terreno Realty during the fourth quarter valued at about $31,000. Wipfli Financial Advisors LLC bought a new position in Terreno Realty during the third quarter valued at about $38,000. Finally, First Eagle Investment Management LLC boosted its stake in Terreno Realty by 26.3% during the fourth quarter. First Eagle Investment Management LLC now owns 908 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 189 shares in the last quarter. Institutional investors own 98.53% of the company’s stock.

About Terreno Realty

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Terreno Realty Corp. is a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.