Terreno Realty (NYSE:TRNO) Upgraded at Baird R W

Baird R W upgraded shares of Terreno Realty (NYSE:TRNO) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

TRNO has been the subject of a number of other reports. The Goldman Sachs Group upped their price target on shares of Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Mizuho boosted their price objective on shares of Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research report on Thursday, December 4th. Barclays upped their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Terreno Realty in a report on Monday, December 29th. Finally, Cantor Fitzgerald set a $67.00 target price on Terreno Realty in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Terreno Realty has an average rating of “Moderate Buy” and an average target price of $65.21.

Terreno Realty Stock Up 0.0%

TRNO opened at $59.49 on Thursday. Terreno Realty has a 12 month low of $48.18 and a 12 month high of $69.20. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $60.64 and its 200-day moving average price is $58.47. The company has a market cap of $6.15 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.40 and a beta of 1.13.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. On average, equities analysts expect that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 15th were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.08 annualized dividend and a dividend yield of 3.5%. Terreno Realty’s dividend payout ratio is currently 66.03%.

Insider Activity at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.95, for a total value of $285,242.10. Following the sale, the executive vice president directly owned 119,949 shares of the company’s stock, valued at $7,190,942.55. This represents a 3.82% decrease in their position. The transaction 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 Trading of Terreno Realty

A number of large investors have recently made changes to their positions in TRNO. Amundi grew its position in Terreno Realty by 9.3% during the first quarter. Amundi now owns 56,495 shares of the real estate investment trust’s stock valued at $3,272,000 after buying an additional 4,785 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Terreno Realty by 8.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,778 shares of the real estate investment trust’s stock valued at $3,716,000 after purchasing an additional 4,381 shares during the period. Jones Financial Companies Lllp lifted its holdings in Terreno Realty by 90.2% in the 1st quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares in the last quarter. United Services Automobile Association bought a new position in Terreno Realty in the 1st quarter worth approximately $407,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Terreno Realty by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 670,135 shares of the real estate investment trust’s stock valued at $42,366,000 after buying an additional 24,572 shares in the last quarter.

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.