Terreno Realty Co. (NYSE:TRNO) Receives Average Rating of “Hold” from Brokerages

Terreno Realty Co. (NYSE:TRNO) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $69.22.

A number of research analysts recently weighed in on the stock. Scotiabank dropped their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday. Wedbush restated a “neutral” rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Mizuho restated an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a report on Thursday, September 5th. JMP Securities raised their price objective on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Finally, Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd.

Terreno Realty Stock Down 2.9 %

TRNO opened at $61.47 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The company’s 50-day moving average is $66.96 and its 200 day moving average is $62.52. Terreno Realty has a fifty-two week low of $50.65 and a fifty-two week high of $71.63. The firm has a market capitalization of $5.94 billion, a P/E ratio of 32.02, a PEG ratio of 2.92 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The firm had revenue of $94.25 million for the quarter, compared to the consensus estimate of $89.07 million. Research analysts expect that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, September 30th. This represents a $1.96 annualized dividend and a yield of 3.19%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.45. Terreno Realty’s payout ratio is currently 102.08%.

Insider Activity at Terreno Realty

In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the transaction, the chief financial officer now owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Michael A. Coke sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,643 shares of company stock valued at $1,277,581. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Terreno Realty

Hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in Terreno Realty during the third quarter valued at approximately $26,000. Mather Group LLC. bought a new stake in Terreno Realty during the first quarter valued at approximately $31,000. Whittier Trust Co. lifted its position in Terreno Realty by 123.4% during the first 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. Ashton Thomas Private Wealth LLC bought a new stake in Terreno Realty during the second quarter valued at approximately $48,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares during the last quarter.

About Terreno Realty

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.