Terreno Realty (TRNO) Given “Hold” Rating at JMP Securities

JMP Securities reaffirmed their hold rating on shares of Terreno Realty (NYSE:TRNO) in a report released on Tuesday.

TRNO has been the subject of several other research reports. Mizuho began coverage on Terreno Realty in a research note on Wednesday, October 3rd. They issued a neutral rating for the company. ValuEngine lowered Terreno Realty from a buy rating to a hold rating in a research note on Wednesday, September 19th. KeyCorp upped their target price on Terreno Realty from $39.00 to $40.00 and gave the stock a buy rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research raised Terreno Realty from a sell rating to a hold rating in a research note on Wednesday, July 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $39.50.

TRNO stock opened at $36.06 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.10 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.80 and a beta of 0.73. Terreno Realty has a 1-year low of $31.56 and a 1-year high of $39.26.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.35 earnings per share for the quarter. The company had revenue of $37.24 million for the quarter. Terreno Realty had a net margin of 42.08% and a return on equity of 5.72%. As a group, sell-side analysts predict that Terreno Realty will post 1.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.96 annualized dividend and a yield of 2.66%. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.22. Terreno Realty’s dividend payout ratio is currently 88.07%.

Institutional investors and hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc boosted its stake in Terreno Realty by 133.3% in the second quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,000 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Terreno Realty by 491.6% during the first quarter. Assetmark Inc. now owns 3,526 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 2,930 shares during the period. Eii Capital Management Inc. purchased a new stake in shares of Terreno Realty during the second quarter valued at approximately $188,000. Hsbc Holdings PLC purchased a new stake in shares of Terreno Realty during the first quarter valued at approximately $207,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Terreno Realty during the second quarter valued at approximately $227,000. 99.23% of the stock is owned by institutional investors and hedge funds.

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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