Terreno Realty’s (TRNO) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Terreno Realty (NYSE:TRNO) in a report issued on Friday morning,Weiss Ratings reports.

TRNO has been the topic of a number of other research reports. UBS Group set a $71.00 price target on Terreno Realty in a report on Tuesday, October 21st. The Goldman Sachs Group raised their price target on Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Wells Fargo & Company lowered their price target on Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. KeyCorp lowered their price target on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Finally, Barclays raised their price target on Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, September 15th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Terreno Realty has an average rating of “Hold” and an average price target of $65.00.

Terreno Realty Stock Performance

NYSE TRNO opened at $61.06 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty has a 52-week low of $48.18 and a 52-week high of $69.20. The business’s 50-day moving average price is $58.07 and its 200 day moving average price is $57.21. The firm has a market cap of $6.31 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.62 and a beta of 1.04.

Terreno Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Monday, September 29th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.49. Terreno Realty’s dividend payout ratio is presently 82.54%.

Insiders Place Their Bets

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of Terreno Realty stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the sale, the president owned 412,415 shares of the company’s stock, valued at approximately $22,253,913.40. The trade was a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Terreno Realty

Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Terreno Realty by 4.0% during the 2nd quarter. State Street Corp now owns 5,944,559 shares of the real estate investment trust’s stock worth $336,139,000 after acquiring an additional 230,444 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Terreno Realty by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,271,442 shares of the real estate investment trust’s stock worth $333,261,000 after acquiring an additional 125,940 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Terreno Realty by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust’s stock worth $262,918,000 after acquiring an additional 523,950 shares in the last quarter. Norges Bank purchased a new stake in shares of Terreno Realty during the 2nd quarter worth approximately $156,525,000. Finally, Geode Capital Management LLC boosted its stake in shares of Terreno Realty by 3.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,631,838 shares of the real estate investment trust’s stock worth $147,584,000 after acquiring an additional 92,519 shares in the last quarter.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.