Analysts Set Terreno Realty Co. (TRNO) PT at $39.14

Terreno Realty Co. (NYSE:TRNO) has been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $39.14.

Several equities analysts recently weighed in on TRNO shares. Mizuho started coverage on Terreno Realty in a research report on Wednesday, October 3rd. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday. KeyCorp increased their target price on Terreno Realty from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. JMP Securities reiterated a “hold” rating on shares of Terreno Realty in a research report on Tuesday, October 16th. Finally, ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th.

A number of large investors have recently made changes to their positions in TRNO. NumerixS Investment Technologies Inc increased its stake in Terreno Realty by 133.3% during the second quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,000 shares during the last quarter. Eii Capital Management Inc. acquired a new stake in shares of Terreno Realty in the second quarter valued at about $188,000. Paloma Partners Management Co acquired a new stake in shares of Terreno Realty in the second quarter valued at about $227,000. Orinda Asset Management LLC acquired a new stake in shares of Terreno Realty in the second quarter valued at about $245,000. Finally, First Quadrant L P CA acquired a new stake in shares of Terreno Realty in the third quarter valued at about $247,000. Institutional investors own 97.51% of the company’s stock.

Shares of NYSE:TRNO traded up $0.07 on Monday, hitting $38.98. The company had a trading volume of 316,708 shares, compared to its average volume of 370,269. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.42. Terreno Realty has a 52-week low of $31.56 and a 52-week high of $39.39. The company has a market capitalization of $2.32 billion, a P/E ratio of 34.65, a P/E/G ratio of 3.01 and a beta of 0.69.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Terreno Realty had a return on equity of 4.68% and a net margin of 34.83%. The business had revenue of $37.90 million for the quarter, compared to the consensus estimate of $37.68 million. On average, sell-side analysts anticipate that Terreno Realty will post 1.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, December 17th. This represents a $0.96 annualized dividend and a yield of 2.46%. Terreno Realty’s dividend payout ratio is presently 88.07%.

About Terreno Realty

Terreno Realty Corporation 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

Further Reading: Correction

Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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