Shares of Terreno Realty Corporation (NYSE:TRNO) have been given an average rating of “Hold” by the eleven ratings firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.31.
Several brokerages have recently commented on TRNO. Jefferies Group LLC reaffirmed a “hold” rating and set a $29.00 price target on shares of Terreno Realty Corporation in a research report on Monday, April 17th. Zacks Investment Research raised shares of Terreno Realty Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Stifel Nicolaus increased their price target on shares of Terreno Realty Corporation from $29.00 to $34.50 and gave the stock a “buy” rating in a research report on Friday, May 5th. Wunderlich increased their price target on shares of Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. Finally, National Securities cut shares of Terreno Realty Corporation from a “buy” rating to a “neutral” rating and increased their price target for the stock from $29.00 to $33.00 in a research report on Thursday, May 11th.
Shares of Terreno Realty Corporation (NYSE:TRNO) opened at 32.64 on Friday. Terreno Realty Corporation has a one year low of $24.38 and a one year high of $34.00. The stock has a market capitalization of $1.61 billion, a P/E ratio of 151.81 and a beta of 0.84. The firm’s 50-day moving average price is $32.44 and its 200-day moving average price is $29.23.
Terreno Realty Corporation (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by $0.17. The firm had revenue of $31.44 million during the quarter, compared to analysts’ expectations of $30.76 million. Terreno Realty Corporation had a net margin of 11.02% and a return on equity of 1.64%. Equities research analysts anticipate that Terreno Realty Corporation will post $0.50 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in Terreno Realty Corporation during the fourth quarter worth approximately $3,710,000. State Street Corp raised its position in Terreno Realty Corporation by 11.5% in the fourth quarter. State Street Corp now owns 926,216 shares of the real estate investment trust’s stock worth $26,387,000 after buying an additional 95,700 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Terreno Realty Corporation by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 471,475 shares of the real estate investment trust’s stock worth $13,432,000 after buying an additional 37,993 shares in the last quarter. Credit Agricole S A raised its position in Terreno Realty Corporation by 87.0% in the fourth quarter. Credit Agricole S A now owns 35,583 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 16,555 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in Terreno Realty Corporation during the fourth quarter worth approximately $9,851,000.
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About Terreno Realty Corporation
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.
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