Robert W. Baird Reaffirms “Hold” Rating for Terreno Realty (TRNO)

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

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Terreno Realty from a hold rating to a sell rating in a report on Tuesday, November 7th. Stifel Nicolaus reiterated a buy rating and issued a $41.00 price objective (up previously from $37.00) on shares of Terreno Realty in a report on Tuesday, November 7th. KeyCorp reiterated a buy rating and issued a $39.00 price objective on shares of Terreno Realty in a report on Sunday, November 5th. National Securities upgraded Terreno Realty from a neutral rating to a buy rating and set a $45.00 price objective on the stock in a report on Wednesday, November 22nd. Finally, B. Riley restated a neutral rating on shares of Terreno Realty in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Terreno Realty has a consensus rating of Buy and a consensus price target of $38.40.

Terreno Realty (NYSE TRNO) traded up $0.32 during mid-day trading on Tuesday, hitting $34.33. The company had a trading volume of 240,800 shares, compared to its average volume of 255,638. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87. The stock has a market cap of $1,860.00, a P/E ratio of 44.58, a PEG ratio of 2.80 and a beta of 0.79. Terreno Realty has a 52-week low of $26.30 and a 52-week high of $38.54.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.56%. Terreno Realty’s dividend payout ratio (DPR) is 114.29%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp increased its holdings in Terreno Realty by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 13,598 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 50 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Terreno Realty by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 398 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Terreno Realty by 17.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 500 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Terreno Realty by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 75,243 shares of the real estate investment trust’s stock worth $2,533,000 after acquiring an additional 790 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Terreno Realty by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 991 shares in the last quarter. Institutional investors own 98.74% of the company’s stock.

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Terreno Realty Company Profile

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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