Analysts’ Recent Ratings Changes for Terreno Realty Corporation (TRNO)

A number of research firms have changed their ratings and price targets for Terreno Realty Corporation (NYSE: TRNO):

  • 11/7/2017 – Terreno Realty Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $41.00 price target on the stock, up previously from $37.00.
  • 11/7/2017 – Terreno Realty Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company’s main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties. “
  • 11/5/2017 – Terreno Realty Corporation had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $39.00 price target on the stock.
  • 11/3/2017 – Terreno Realty Corporation had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 10/23/2017 – Terreno Realty Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/3/2017 – Terreno Realty Corporation had its “neutral” rating reaffirmed by analysts at FBR & Co. They now have a $39.00 price target on the stock.
  • 10/3/2017 – Terreno Realty Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $34.00 price target on the stock.
  • 9/27/2017 – Terreno Realty Corporation had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $39.00 price target on the stock, up previously from $35.00.

Shares of Terreno Realty Corporation (TRNO) traded up $1.00 during trading on Tuesday, hitting $37.70. The stock had a trading volume of 277,900 shares, compared to its average volume of 318,533. The stock has a market capitalization of $2,002.04, a P/E ratio of 35.63, a PEG ratio of 3.30 and a beta of 0.80. Terreno Realty Corporation has a 12-month low of $25.22 and a 12-month high of $38.06. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.47.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, December 28th. Terreno Realty Corporation’s payout ratio is 114.29%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

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