Terreno Realty (TRNO) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird restated their hold rating on shares of Terreno Realty (NYSE:TRNO) in a research note published on Tuesday morning. The brokerage currently has a $35.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on TRNO. BTIG Research reaffirmed a buy rating and set a $39.00 price objective (up from $35.00) on shares of Terreno Realty in a research report on Wednesday, September 27th. FBR & Co reaffirmed a neutral rating and set a $39.00 price objective on shares of Terreno Realty in a research report on Tuesday, October 3rd. Jefferies Group reaffirmed a hold rating and set a $34.00 price objective on shares of Terreno Realty in a research report on Tuesday, October 3rd. BidaskClub cut Terreno Realty from a strong-buy rating to a buy rating in a research report on Monday, October 23rd. Finally, B. Riley reaffirmed a neutral rating on shares of Terreno Realty in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $38.40.

Terreno Realty (NYSE:TRNO) traded up $0.32 during trading hours on Tuesday, hitting $34.33. The stock had a trading volume of 240,800 shares, compared to its average volume of 255,638. The firm has a market cap of $1,860.00, a PE ratio of 44.58, a P/E/G ratio of 2.80 and a beta of 0.79. Terreno Realty has a twelve month low of $26.30 and a twelve month high of $38.54. 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.56%. Terreno Realty’s dividend payout ratio (DPR) is presently 114.29%.

Several hedge funds and other institutional investors have recently made changes to their positions in TRNO. BlackRock Inc. boosted its position in shares of Terreno Realty by 32.9% in the 2nd quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock valued at $186,359,000 after purchasing an additional 1,370,672 shares during the period. Oak Ridge Investments LLC acquired a new stake in shares of Terreno Realty in the 3rd quarter valued at about $21,556,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of Terreno Realty by 142.8% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 900,290 shares of the real estate investment trust’s stock valued at $32,573,000 after purchasing an additional 529,465 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Terreno Realty in the 2nd quarter valued at about $14,854,000. Finally, AJO LP acquired a new stake in shares of Terreno Realty in the 2nd quarter valued at about $12,257,000. 98.74% of the stock is owned by hedge funds and other 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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