Terreno Realty Corporation (NYSE:TRNO) Given Average Recommendation of “Hold” by Brokerages

Shares of Terreno Realty Corporation (NYSE:TRNO) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $65.5385.

A number of research firms have recently issued reports on TRNO. Barclays upped their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, September 15th. The Goldman Sachs Group boosted their price target on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Cantor Fitzgerald assumed coverage on shares of Terreno Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price objective for the company. Citigroup raised their target price on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Finally, Mizuho boosted their target price on Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a report on Thursday, December 4th.

Insider Transactions at Terreno Realty

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total value of $285,242.10. Following the completion of the sale, the executive vice president directly owned 119,949 shares in the company, valued at $7,190,942.55. This represents a 3.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Terreno Realty in the 2nd quarter valued at $156,525,000. Osterweis Capital Management Inc. acquired a new stake in shares of Terreno Realty during the 2nd quarter worth about $33,699,000. Price T Rowe Associates Inc. MD raised its holdings in Terreno Realty by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust’s stock valued at $262,918,000 after buying an additional 523,950 shares during the period. Boston Trust Walden Corp purchased a new stake in Terreno Realty in the 3rd quarter valued at about $26,957,000. Finally, Schroder Investment Management Group lifted its position in Terreno Realty by 55.7% in the second quarter. Schroder Investment Management Group now owns 1,131,989 shares of the real estate investment trust’s stock valued at $63,471,000 after buying an additional 405,015 shares during the last quarter.

Terreno Realty Stock Performance

NYSE TRNO opened at $60.68 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The stock’s 50 day simple moving average is $60.72 and its 200-day simple moving average is $58.36. The company has a market cap of $6.27 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. Terreno Realty has a 1-year low of $48.18 and a 1-year high of $69.20.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.66 by $0.34. The firm had revenue of $116.25 million during the quarter, compared to the consensus estimate of $114.62 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. As a group, equities research analysts anticipate that Terreno Realty will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. Terreno Realty’s payout ratio is 66.03%.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.