Terreno Realty (TRNO) Receives Buy Rating from National Securities

National Securities reaffirmed their buy rating on shares of Terreno Realty (NYSE:TRNO) in a report released on Tuesday morning. The brokerage currently has a $45.00 target price on the real estate investment trust’s stock.

Several other research analysts also recently issued reports on TRNO. B. Riley set a $36.00 price objective on Terreno Realty and gave the stock a hold rating in a report on Monday, February 12th. Zacks Investment Research raised Terreno Realty from a hold rating to a buy rating and set a $40.00 price objective on the stock in a report on Thursday, January 25th. Robert W. Baird reaffirmed a hold rating and set a $35.00 price objective on shares of Terreno Realty in a report on Tuesday, January 9th. Sandler O’Neill set a $38.00 price target on Terreno Realty and gave the company a buy rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus reissued a buy rating and issued a $37.00 price target on shares of Terreno Realty in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $37.73.

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Terreno Realty (TRNO) opened at $34.93 on Tuesday. Terreno Realty has a 1-year low of $26.48 and a 1-year high of $38.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1,934.21, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 28th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, March 27th. Terreno Realty’s dividend payout ratio (DPR) is currently 92.63%.

Hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Terreno Realty by 67.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after purchasing an additional 1,680 shares during the period. Advisor Group Inc. raised its stake in Terreno Realty by 111.6% during the 4th quarter. Advisor Group Inc. now owns 5,424 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 2,861 shares during the period. Cavalier Investments LLC acquired a new stake in Terreno Realty during the 3rd quarter worth $206,000. Guggenheim Capital LLC acquired a new stake in Terreno Realty during the 4th quarter worth $229,000. Finally, Sei Investments Co. raised its stake in Terreno Realty by 33,325.0% during the 3rd quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 6,665 shares during the period. 98.59% of the stock is currently owned by institutional investors.

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About Terreno Realty

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.

Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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