Terreno Realty Corporation (NYSE:TRNO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Terreno Realty Corporation (NYSE:TRNO) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $69.3571.

Several research analysts have weighed in on the stock. Barclays restated a “positive” rating and set a $60.00 price objective on shares of Terreno Realty in a report on Tuesday, January 13th. Scotiabank boosted their target price on shares of 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 target price on shares of Terreno Realty in a report on Friday, February 6th. Weiss Ratings raised shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 22nd. Finally, Mizuho lifted their price target on Terreno Realty from $53.00 to $56.00 and gave the company an “underperform” rating in a research note on Thursday, December 4th.

Institutional Investors Weigh In On Terreno Realty

Several institutional investors have recently bought and sold shares of the stock. Wiser Advisor Group LLC bought a new position in Terreno Realty during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in shares of Terreno Realty by 73.3% in the 2nd 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 in the last quarter. Mather Group LLC. bought a new stake in shares of Terreno Realty in the 3rd quarter worth $25,000. First Horizon Corp purchased a new stake in shares of Terreno Realty in the third quarter valued at about $26,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares during the last quarter.

Terreno Realty Trading Down 0.0%

NYSE TRNO opened at $60.68 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24. Terreno Realty has a 52 week low of $48.18 and a 52 week high of $66.74. The business has a 50 day moving average price of $63.52 and a 200-day moving average price of $61.15. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 15.56 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.68. Terreno Realty had a return on equity of 10.08% and a net margin of 84.51%.The company had revenue of $137.48 million for the quarter, compared to analysts’ expectations of $124.72 million. As a group, equities analysts expect that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. Terreno Realty’s payout ratio is presently 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.