Terreno Realty Co. (NYSE:TRNO) Receives Average Recommendation of “Hold” from Brokerages

Terreno Realty Co. (NYSE:TRNO) has been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $48.67.

Several research analysts have weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday. Mitsubishi UFJ Financial Group raised their price objective on shares of Terreno Realty to $45.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, KeyCorp raised their price objective on shares of Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th.

TRNO stock traded down $0.88 during mid-day trading on Tuesday, hitting $48.75. 139,510 shares of the company were exchanged, compared to its average volume of 306,960. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.41 and a quick ratio of 2.41. Terreno Realty has a twelve month low of $33.52 and a twelve month high of $50.79. The stock’s fifty day moving average is $48.21.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.10). The company had revenue of $40.88 million for the quarter, compared to analyst estimates of $40.02 million. Terreno Realty had a return on equity of 5.62% and a net margin of 44.18%. On average, sell-side analysts expect that Terreno Realty will post 1.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%.

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Terreno Realty in the 4th quarter valued at about $26,019,000. Principal Financial Group Inc. lifted its position in Terreno Realty by 34.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,702,479 shares of the real estate investment trust’s stock valued at $71,572,000 after purchasing an additional 432,198 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Terreno Realty by 11.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,335,127 shares of the real estate investment trust’s stock valued at $98,169,000 after purchasing an additional 237,748 shares during the last quarter. FMR LLC lifted its position in Terreno Realty by 3.1% in the 4th quarter. FMR LLC now owns 4,367,421 shares of the real estate investment trust’s stock valued at $153,603,000 after purchasing an additional 132,935 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Terreno Realty by 14.6% in the 4th quarter. Geode Capital Management LLC now owns 616,792 shares of the real estate investment trust’s stock valued at $21,692,000 after purchasing an additional 78,547 shares during the last quarter. Institutional investors own 99.75% of the company’s stock.

About Terreno Realty

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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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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