Terreno Realty (TRNO) Receives $38.50 Average Target Price from Analysts

Shares of Terreno Realty (NYSE:TRNO) have earned a consensus rating of “Buy” from the fourteen research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.82.

TRNO has been the subject of a number of research analyst reports. Compass Point raised shares of Terreno Realty from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 18th. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, January 25th. Sandler O’Neill set a $38.00 price target on shares of Terreno Realty and gave the stock a “buy” rating in a research note on Thursday, February 8th. DA Davidson reaffirmed a “buy” rating on shares of Terreno Realty in a research note on Friday, February 9th. Finally, Robert W. Baird set a $34.00 price target on shares of Terreno Realty and gave the stock a “hold” rating in a research note on Thursday, February 8th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new stake in Terreno Realty during the first quarter valued at approximately $350,000. Atlantic Trust Group LLC acquired a new stake in Terreno Realty during the first quarter valued at approximately $1,829,000. Legal & General Group Plc lifted its stake in Terreno Realty by 3.7% during the first quarter. Legal & General Group Plc now owns 614,864 shares of the real estate investment trust’s stock valued at $21,219,000 after purchasing an additional 21,738 shares during the last quarter. Assetmark Inc. lifted its stake in 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 last quarter. Finally, Guggenheim Capital LLC lifted its stake in Terreno Realty by 288.1% during the first quarter. Guggenheim Capital LLC now owns 25,287 shares of the real estate investment trust’s stock valued at $873,000 after purchasing an additional 18,772 shares during the last quarter. 99.35% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TRNO traded up $0.06 during trading on Monday, reaching $37.35. The company had a trading volume of 290,928 shares, compared to its average volume of 431,037. The firm has a market cap of $2.09 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.91 and a beta of 0.73. Terreno Realty has a twelve month low of $31.56 and a twelve month high of $39.26. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.50.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, July 5th. Terreno Realty’s dividend payout ratio is presently 80.73%.

Terreno Realty Company Profile

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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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