Terreno Realty (NYSE:TRNO) Given Market Outperform Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Terreno Realty (NYSE:TRNO) in a report released on Thursday morning, Benzinga reports. The brokerage currently has a $65.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts have also commented on TRNO. The Goldman Sachs Group boosted their price objective on shares of Terreno Realty from $60.00 to $66.00 and gave the stock a neutral rating in a research report on Thursday, January 11th. Mizuho reduced their price objective on Terreno Realty from $67.00 to $52.00 and set a neutral rating on the stock in a research report on Tuesday, December 5th. StockNews.com upgraded Terreno Realty from a sell rating to a hold rating in a research report on Saturday, March 23rd. Barclays began coverage on shares of Terreno Realty in a research note on Wednesday. They set an overweight rating and a $71.00 price target on the stock. Finally, Scotiabank boosted their price objective on shares of Terreno Realty from $64.00 to $66.00 and gave the company a sector perform rating in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $66.00.

Terreno Realty Stock Up 1.7 %

TRNO stock opened at $66.41 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 3.04 and a beta of 0.81. Terreno Realty has a 12 month low of $50.42 and a 12 month high of $66.47. The company has a fifty day moving average price of $62.82 and a 200 day moving average price of $59.78.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. The firm had revenue of $86.48 million during the quarter, compared to the consensus estimate of $84.06 million. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. Sell-side analysts expect that Terreno Realty will post 2.39 earnings per share for the current year.

Terreno Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.71%. Terreno Realty’s payout ratio is presently 99.45%.

Institutional Trading of Terreno Realty

Hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY grew its position in shares of Terreno Realty by 2.5% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,638 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 164 shares during the period. Voya Investment Management LLC grew its holdings in shares of Terreno Realty by 0.6% in the 4th quarter. Voya Investment Management LLC now owns 32,412 shares of the real estate investment trust’s stock valued at $2,031,000 after buying an additional 180 shares during the period. Alliance Wealth Advisors LLC UT increased its position in shares of Terreno Realty by 3.3% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 6,304 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 200 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Terreno Realty by 6.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after buying an additional 253 shares during the period. Finally, Ronald Blue Trust Inc. lifted its holdings in Terreno Realty by 93.9% during the third quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 260 shares in the last quarter.

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.