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.
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