Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Terreno Realty Corporation from a strong sell rating to a hold rating in a report on Thursday, January 5th. Jefferies Group LLC reaffirmed a hold rating and set a $27.00 price target on shares of Terreno Realty Corporation in a report on Tuesday, January 31st. National Securities increased their price objective on Terreno Realty Corporation from $24.50 to $28.00 and gave the stock a buy rating in a research report on Thursday, November 17th. DA Davidson reiterated a buy rating on shares of Terreno Realty Corporation in a research report on Monday, November 14th. Finally, Mitsubishi UFJ Financial Group reiterated a neutral rating and set a $29.00 price objective on shares of Terreno Realty Corporation in a research report on Thursday, January 5th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $27.94.
Terreno Realty Corporation (NYSE:TRNO) opened at 27.43 on Thursday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 107.15 and a beta of 0.77. Terreno Realty Corporation has a one year low of $20.44 and a one year high of $29.08. The firm’s 50-day moving average is $27.85 and its 200 day moving average is $27.05.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Tuesday, March 28th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, March 24th. Terreno Realty Corporation’s payout ratio is currently 347.83%.
Several hedge funds and other institutional investors have recently modified their holdings of TRNO. Vanguard Group Inc. boosted its position in shares of Terreno Realty Corporation by 3.8% in the second quarter. Vanguard Group Inc. now owns 5,052,625 shares of the company’s stock worth $130,711,000 after buying an additional 185,032 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Terreno Realty Corporation by 5.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,692,456 shares of the company’s stock worth $46,559,000 after buying an additional 87,701 shares in the last quarter. BlackRock Fund Advisors boosted its position in Terreno Realty Corporation by 12.9% in the third quarter. BlackRock Fund Advisors now owns 1,243,243 shares of the company’s stock worth $34,202,000 after buying an additional 141,812 shares in the last quarter. Resolution Capital Ltd boosted its position in Terreno Realty Corporation by 4.0% in the third quarter. Resolution Capital Ltd now owns 1,110,214 shares of the company’s stock worth $30,542,000 after buying an additional 42,700 shares in the last quarter. Finally, State Street Corp boosted its position in Terreno Realty Corporation by 11.5% in the fourth quarter. State Street Corp now owns 926,216 shares of the company’s stock worth $26,387,000 after buying an additional 95,700 shares in the last quarter. Institutional investors own 99.62% of the company’s stock.
Terreno Realty Corporation Company Profile
Terreno Realty Corporation (Terreno) is a real estate investment trust. The Company acquires, owns and operates industrial real estate located in approximately six coastal United States markets, such as Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area, and Washington, DC/Baltimore.
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