Terreno Realty’s (TRNO) Hold Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their hold rating on shares of Terreno Realty (NYSE:TRNO) in a research note released on Tuesday, January 9th. The brokerage currently has a $35.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on the stock. National Securities raised shares of Terreno Realty from a neutral rating to a buy rating and set a $45.00 price target on the stock in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Terreno Realty from a hold rating to a sell rating in a research report on Tuesday, November 7th. Stifel Nicolaus reissued a buy rating and set a $41.00 target price (up from $37.00) on shares of Terreno Realty in a research report on Tuesday, November 7th. B. Riley reissued a neutral rating on shares of Terreno Realty in a research report on Friday, November 3rd. Finally, KeyCorp reissued a buy rating and set a $39.00 target price on shares of Terreno Realty in a research report on Sunday, November 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $38.40.

Terreno Realty (NYSE TRNO) traded up $0.33 during midday trading on Tuesday, hitting $34.89. 288,466 shares of the stock were exchanged, compared to its average volume of 358,606. Terreno Realty has a 1-year low of $26.30 and a 1-year high of $38.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87. The firm has a market capitalization of $1,900.00, a P/E ratio of 45.31, a PEG ratio of 2.77 and a beta of 0.79.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.10. Terreno Realty had a net margin of 33.00% and a return on equity of 4.83%. analysts anticipate that Terreno Realty will post 1.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Thursday, December 28th. Terreno Realty’s dividend payout ratio (DPR) is 114.29%.

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Terreno Realty by 17.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 500 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Terreno Realty by 67.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,680 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Terreno Realty by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 398 shares during the period. Federated Investors Inc. PA bought a new stake in Terreno Realty during the second quarter valued at about $182,000. Finally, Cavalier Investments LLC bought a new stake in Terreno Realty during the third quarter valued at about $206,000. Institutional investors own 98.74% of the company’s stock.

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Terreno Realty Company Profile

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 (NYSE:TRNO)

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