Terreno Realty Co. (NYSE:TRNO) Receives $48.67 Average Price Target from Brokerages

Shares of Terreno Realty Co. (NYSE:TRNO) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.67.

TRNO has been the topic of a number of research reports. Goldman Sachs Group initiated coverage on Terreno Realty in a report on Wednesday, May 15th. They issued a “buy” rating and a $49.00 price objective on the stock. Mitsubishi UFJ Financial Group raised their price objective on Terreno Realty to $45.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. KeyCorp raised their price objective on Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th.

Hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of Terreno Realty in the second quarter valued at about $49,000. Quadrant Capital Group LLC grew its stake in shares of Terreno Realty by 11,547.4% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 2,194 shares in the last quarter. Marshall Wace North America L.P. grew its stake in shares of Terreno Realty by 50.1% in the first quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 774 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Terreno Realty by 812.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 3,005 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Terreno Realty during the 1st quarter valued at approximately $182,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Shares of Terreno Realty stock traded up $0.73 during trading hours on Friday, reaching $50.77. The stock had a trading volume of 242,800 shares, compared to its average volume of 328,399. The firm has a 50 day simple moving average of $49.42 and a two-hundred day simple moving average of $45.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.96 and a current ratio of 4.96. Terreno Realty has a 1 year low of $33.52 and a 1 year high of $50.99.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a $0.27 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.24.

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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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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