KeyCorp Boosts Terreno Realty (NYSE:TRNO) Price Target to $52.00

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Terreno Realty (NYSE:TRNO) had its price target upped by KeyCorp from $49.00 to $52.00 in a research report released on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on TRNO. Goldman Sachs Group started coverage on shares of Liberty Property Trust in a research note on Wednesday, May 15th. They issued a neutral rating and a $49.00 price objective for the company. Zacks Investment Research lowered shares of Horiba from a hold rating to a sell rating in a research note on Wednesday, May 22nd. Finally, Mitsubishi UFJ Financial Group lifted their price objective on shares of Terreno Realty to $45.00 and gave the company a neutral rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $49.25.

NYSE:TRNO opened at $49.72 on Wednesday. The company has a fifty day moving average of $47.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.41 and a quick ratio of 2.41. Terreno Realty has a twelve month low of $33.52 and a twelve month high of $50.79.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.10). The company had revenue of $40.88 million during the quarter, compared to the consensus estimate of $40.02 million. Terreno Realty had a net margin of 44.18% and a return on equity of 5.62%. Analysts forecast that Terreno Realty will post 1.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.93%.

Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its stake in Terreno Realty by 11,547.4% during the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 2,194 shares in the last quarter. Marshall Wace North America L.P. increased its stake in Terreno Realty by 50.1% during the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 774 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Terreno Realty by 812.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 3,005 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Terreno Realty during the 1st quarter worth $182,000. Finally, Exane Derivatives boosted its holdings in Terreno Realty by 23,810.5% during the 2nd quarter. Exane Derivatives now owns 4,543 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 4,524 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

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

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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