Terreno Realty Co. (NYSE:TRNO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Terreno Realty Co. (NYSE:TRNO) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $64.60.

Several equities research analysts recently weighed in on the company. BNP Paribas began coverage on Terreno Realty in a research report on Tuesday, June 4th. They set an “outperform” rating and a $68.00 price target on the stock. Mizuho increased their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Wedbush reissued a “neutral” rating and set a $57.00 price objective (down previously from $67.00) on shares of Terreno Realty in a research note on Tuesday, May 14th. The Goldman Sachs Group decreased their target price on shares of Terreno Realty from $68.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, May 14th. Finally, StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th.

Terreno Realty Stock Down 1.6 %

Shares of Terreno Realty stock opened at $66.06 on Friday. The company’s fifty day simple moving average is $58.53 and its two-hundred day simple moving average is $60.36. Terreno Realty has a 12-month low of $50.42 and a 12-month high of $68.91. The company has a current ratio of 10.17, a quick ratio of 10.17 and a debt-to-equity ratio of 0.23. The company has a market cap of $6.39 billion, a P/E ratio of 34.41, a PEG ratio of 3.25 and a beta of 0.89.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.18). The company had revenue of $85.03 million during the quarter, compared to the consensus estimate of $86.56 million. Terreno Realty had a return on equity of 5.59% and a net margin of 49.12%. Research analysts anticipate that Terreno Realty will post 2.28 EPS for the current year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, June 28th. Terreno Realty’s dividend payout ratio is currently 93.75%.

Hedge Funds Weigh In On Terreno Realty

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in Terreno Realty during the 1st quarter valued at $31,000. SRS Capital Advisors Inc. boosted its position in Terreno Realty by 337.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 408 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Terreno Realty in the fourth quarter worth about $35,000. Whittier Trust Co. increased its position in shares of Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 337 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Terreno Realty by 84.2% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 452 shares during 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.