Terreno Realty (NYSE:TRNO) Given New $68.00 Price Target at Barclays

Terreno Realty (NYSE:TRNO) had its price target reduced by Barclays from $71.00 to $68.00 in a research note issued to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently weighed in on the company. Wedbush reaffirmed a neutral rating and issued a $57.00 price target (down previously from $67.00) on shares of Terreno Realty in a report on Tuesday, May 14th. Piper Sandler lifted their price objective on Terreno Realty from $70.00 to $73.00 and gave the stock an overweight rating in a report on Friday, March 22nd. Scotiabank lowered their price target on Terreno Realty from $66.00 to $59.00 and set a sector perform rating on the stock in a research note on Thursday, May 16th. StockNews.com lowered Terreno Realty from a hold rating to a sell rating in a report on Wednesday, May 15th. Finally, Mizuho increased their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the company a neutral rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $64.22.

Terreno Realty Stock Performance

TRNO traded down $0.64 on Friday, reaching $55.96. 865,589 shares of the stock were exchanged, compared to its average volume of 696,556. The company’s 50-day moving average price is $58.93 and its 200 day moving average price is $60.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 10.17 and a quick ratio of 10.17. The firm has a market capitalization of $5.41 billion, a PE ratio of 29.15, a PEG ratio of 2.76 and a beta of 0.85. Terreno Realty has a fifty-two week low of $50.42 and a fifty-two week high of $66.63.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, June 28th. Terreno Realty’s dividend payout ratio is currently 93.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TRNO. Mather Group LLC. purchased a new position in shares of Terreno Realty during the first quarter valued at $31,000. SRS Capital Advisors Inc. grew its position in shares of Terreno Realty by 337.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 408 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Terreno Realty during the fourth quarter worth about $35,000. Whittier Trust Co. increased its stake in shares of Terreno Realty by 123.4% during the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 337 shares during the period. Finally, EntryPoint Capital LLC increased its stake in Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 419 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.