Terreno Realty Co. (NYSE:TRNO) Receives Average Recommendation of “Moderate Buy” from Analysts

Terreno Realty Co. (NYSE:TRNO – Get Rating) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $74.33.

Several brokerages recently weighed in on TRNO. KeyCorp decreased their price target on Terreno Realty from $86.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, June 28th. JMP Securities started coverage on Terreno Realty in a research report on Wednesday, May 18th. They set an “outperform” rating and a $75.00 price objective for the company. Jefferies Financial Group decreased their price target on Terreno Realty from $88.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Mizuho reduced their price objective on Terreno Realty from $76.00 to $64.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Finally, The Goldman Sachs Group reduced their price target on Terreno Realty from $79.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, June 16th.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $65.95 on Friday. The firm has a market capitalization of $4.98 billion, a P/E ratio of 28.93 and a beta of 0.75. Terreno Realty has a 52 week low of $54.51 and a 52 week high of $86.00. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $58.83 and its two-hundred day moving average is $66.11.

Terreno Realty Increases Dividend

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.40 dividend. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, September 29th. Terreno Realty’s dividend payout ratio (DPR) is currently 59.65%.

Institutional Trading of Terreno Realty

Several hedge funds and other institutional investors have recently modified their holdings of TRNO. HHM Wealth Advisors LLC bought a new stake in shares of Terreno Realty during the first quarter worth approximately $28,000. Point72 Hong Kong Ltd bought a new stake in Terreno Realty during the first quarter valued at $28,000. USA Financial Portformulas Corp bought a new position in shares of Terreno Realty during the 4th quarter worth about $39,000. Better Money Decisions LLC purchased a new stake in Terreno Realty in the 2nd quarter valued at about $27,000. Finally, First Eagle Investment Management LLC purchased a new stake in Terreno Realty in the 4th quarter valued at about $51,000.

Terreno Realty Company Profile

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Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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