Terreno Realty Corporation (NYSE:TRNO) Given “Buy” Rating at KeyCorp

KeyCorp reiterated their buy rating on shares of Terreno Realty Corporation (NYSE:TRNO) in a report published on Sunday, November 5th. KeyCorp currently has a $39.00 price objective on the real estate investment trust’s stock.

TRNO has been the topic of several other research reports. Stifel Nicolaus reaffirmed a buy rating and issued a $34.50 price target on shares of Terreno Realty Corporation in a research report on Friday, July 14th. BidaskClub lowered shares of Terreno Realty Corporation from a strong-buy rating to a buy rating in a research note on Monday, October 23rd. National Securities increased their price objective on shares of Terreno Realty Corporation from $33.00 to $35.00 and gave the company a neutral rating in a research note on Monday, August 21st. Jefferies Group LLC reiterated a hold rating and issued a $34.00 price objective on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. Finally, FBR & Co reiterated a neutral rating and issued a $39.00 price objective on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $37.50.

Shares of Terreno Realty Corporation (NYSE:TRNO) traded up $0.35 during midday trading on Friday, reaching $38.32. 274,397 shares of the company traded hands, compared to its average volume of 318,887. Terreno Realty Corporation has a twelve month low of $26.30 and a twelve month high of $38.54. The company has a market cap of $2,071.32, a PE ratio of 36.86, a price-to-earnings-growth ratio of 3.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.30%. Terreno Realty Corporation’s dividend payout ratio (DPR) is 114.29%.

A number of large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Terreno Realty Corporation by 17.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 500 shares during the last quarter. GAM Holding AG increased its stake in shares of Terreno Realty Corporation by 7.6% during the 2nd quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 300 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Terreno Realty Corporation by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 398 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Terreno Realty Corporation by 16.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 600 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Terreno Realty Corporation by 67.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,680 shares during the last quarter. Hedge funds and other institutional investors own 92.84% of the company’s stock.

About Terreno Realty Corporation

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Analyst Recommendations for Terreno Realty Corporation (NYSE:TRNO)

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