Terreno Realty Co. (NYSE:TRNO) Receives $66.55 Consensus Target Price from Analysts

Shares of Terreno Realty Co. (NYSE:TRNO) have been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $66.45.

Several equities analysts have weighed in on TRNO shares. The Goldman Sachs Group upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $77.00 in a report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective for the company. Scotiabank reduced their target price on Terreno Realty from $68.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th. Finally, BMO Capital Markets increased their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, February 12th.

Institutional Investors Weigh In On Terreno Realty

Several large investors have recently added to or reduced their stakes in TRNO. Vanguard Group Inc. grew its stake in shares of Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after acquiring an additional 1,484,301 shares in the last quarter. Deutsche Bank AG increased its holdings in Terreno Realty by 287.6% during the 4th quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust’s stock worth $91,454,000 after purchasing an additional 1,147,404 shares during the period. Norges Bank acquired a new stake in Terreno Realty in the 4th quarter valued at about $58,818,000. FMR LLC boosted its stake in shares of Terreno Realty by 5.9% in the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock valued at $663,987,000 after buying an additional 628,116 shares during the period. Finally, Northern Trust Corp grew its position in shares of Terreno Realty by 51.6% during the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock worth $109,150,000 after buying an additional 628,065 shares in the last quarter.

Terreno Realty Price Performance

TRNO stock opened at $56.75 on Monday. Terreno Realty has a 1 year low of $48.18 and a 1 year high of $71.63. The firm has a market capitalization of $5.85 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50 day simple moving average of $63.46 and a 200-day simple moving average of $62.46.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Equities research analysts anticipate that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 27th. Terreno Realty’s dividend payout ratio is currently 102.08%.

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.