Analysts Set Terreno Realty Corporation (NYSE:TRNO) Price Target at $69.36

Shares of Terreno Realty Corporation (NYSE:TRNO) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $69.3571.

TRNO has been the subject of several research reports. Citigroup increased their price objective on Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Scotiabank boosted their target price on Terreno Realty from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. KeyCorp upped their price target on Terreno Realty from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. UBS Group set a $72.00 price target on Terreno Realty in a research note on Monday, February 9th. Finally, Robert W. Baird set a $67.00 price objective on Terreno Realty in a report on Wednesday, February 11th.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $62.16 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 15.94 and a beta of 1.12. Terreno Realty has a 52 week low of $48.18 and a 52 week high of $66.74. The firm’s 50-day simple moving average is $63.45 and its two-hundred day simple moving average is $61.22.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.68. The firm had revenue of $137.48 million during the quarter, compared to the consensus estimate of $124.72 million. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. As a group, equities analysts forecast that Terreno Realty will post 2.64 earnings per share for the current year.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.52 dividend. The ex-dividend date is Friday, March 27th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Terreno Realty’s dividend payout ratio (DPR) is presently 53.33%.

Institutional Trading of Terreno Realty

Several hedge funds and other institutional investors have recently modified their holdings of TRNO. Mather Group LLC. bought a new position in Terreno Realty in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its position in shares of Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Terreno Realty during the third quarter worth $25,000. First Horizon Corp purchased a new stake in shares of Terreno Realty during the third quarter worth $26,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Terreno Realty by 52.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 172 shares during the period.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.