Shares of Terreno Realty Co. (NYSE:TRNO) have been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $39.50.
A number of analysts have recently issued reports on TRNO shares. Mizuho assumed coverage on shares of Terreno Realty in a research note on Wednesday, October 3rd. They set a “neutral” rating for the company. JMP Securities reaffirmed a “hold” rating on shares of Terreno Realty in a research note on Tuesday, October 16th. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, November 6th. Finally, ValuEngine raised shares of Terreno Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th.
Shares of TRNO traded down $0.28 during trading hours on Friday, reaching $37.84. 1,973 shares of the company traded hands, compared to its average volume of 230,703. The firm has a market capitalization of $2.25 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.74 and a beta of 0.78. Terreno Realty has a 12-month low of $31.56 and a 12-month high of $39.62. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.42.
Terreno Realty (NYSE:TRNO) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $37.90 million during the quarter, compared to analyst estimates of $37.68 million. Terreno Realty had a net margin of 34.83% and a return on equity of 4.68%. Analysts predict that Terreno Realty will post 1.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Tuesday, December 18th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Monday, December 17th. Terreno Realty’s dividend payout ratio (DPR) is presently 88.07%.
A number of large investors have recently added to or reduced their stakes in TRNO. Schwab Charles Investment Management Inc. raised its holdings in Terreno Realty by 10.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 289,426 shares of the real estate investment trust’s stock worth $10,903,000 after purchasing an additional 27,461 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Terreno Realty by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 831,238 shares of the real estate investment trust’s stock worth $31,313,000 after purchasing an additional 36,893 shares in the last quarter. FMR LLC raised its holdings in Terreno Realty by 12.2% in the second quarter. FMR LLC now owns 4,290,117 shares of the real estate investment trust’s stock worth $161,608,000 after purchasing an additional 465,641 shares in the last quarter. First Republic Investment Management Inc. bought a new position in Terreno Realty in the second quarter worth about $1,020,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Terreno Realty in the second quarter worth about $275,000.
Terreno Realty Company Profile
Terreno Realty Corporation 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
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