Terreno Realty Corporation (NYSE:TRNO) Given Average Rating of “Moderate Buy” by Analysts

Terreno Realty Corporation (NYSE:TRNO) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $69.3571.

Several research firms have weighed in on TRNO. Weiss Ratings upgraded shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 22nd. Scotiabank raised their target price on Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. iA Financial set a $75.00 price target on Terreno Realty in a report on Friday, February 6th. Mizuho increased their price objective on Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a research note on Thursday, December 4th. Finally, Wells Fargo & Company raised their price objective on Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th.

Institutional Investors Weigh In On Terreno Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRNO. Mather Group LLC. acquired a new stake in shares of Terreno Realty during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 189 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Terreno Realty during the third quarter worth $25,000. First Horizon Corp acquired a new stake in Terreno Realty during the third quarter valued at $26,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares in the last quarter.

Terreno Realty Price Performance

NYSE TRNO opened at $65.01 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.24. Terreno Realty has a 1 year low of $48.18 and a 1 year high of $69.20. The company has a market cap of $6.77 billion, a PE ratio of 16.67, a PEG ratio of 2.61 and a beta of 1.12. The stock’s 50-day moving average price is $62.73 and its two-hundred day moving average price is $60.52.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The business had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. On average, analysts predict that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Terreno Realty Company Profile

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.