Shares of Terreno Realty Corporation (NYSE:TRNO – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $73.47.
Several analysts have recently weighed in on TRNO shares. Mizuho lifted their target price on Terreno Realty from $56.00 to $60.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada set a $73.00 target price on shares of Terreno Realty in a research note on Wednesday, October 7th. Barclays upped their price target on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Scotiabank raised their price target on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, UBS Group set a $74.00 price objective on shares of Terreno Realty in a report on Monday, September 21st.
View Our Latest Analysis on Terreno Realty
Insider Transactions at Terreno Realty
In other news, EVP John Meyer sold 4,447 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $68.64, for a total transaction of $305,242.08. Following the transaction, the executive vice president directly owned 131,825 shares of the company’s stock, valued at approximately $9,048,468. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Coke sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $68.38, for a total transaction of $547,040.00. Following the transaction, the president directly owned 425,381 shares in the company, valued at approximately $29,087,552.78. This trade represents a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TRNO. James Investment Research Inc. increased its holdings in Terreno Realty by 12.2% during the 3rd quarter. James Investment Research Inc. now owns 11,001 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 1,200 shares during the period. Inspire Investing LLC lifted its holdings in shares of Terreno Realty by 23,404.2% in the 3rd quarter. Inspire Investing LLC now owns 5,641 shares of the real estate investment trust’s stock worth $364,000 after buying an additional 5,617 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Terreno Realty by 0.8% in the 3rd quarter. Yousif Capital Management LLC now owns 28,704 shares of the real estate investment trust’s stock worth $1,853,000 after buying an additional 216 shares during the period. Howland Capital Management LLC lifted its holdings in shares of Terreno Realty by 1.9% in the 3rd quarter. Howland Capital Management LLC now owns 174,964 shares of the real estate investment trust’s stock worth $11,393,000 after buying an additional 3,182 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Terreno Realty in the 3rd quarter worth $247,000.
Terreno Realty Trading Up 0.3%
Shares of NYSE TRNO opened at $65.74 on Friday. Terreno Realty has a fifty-two week low of $56.09 and a fifty-two week high of $78.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 22.76 and a beta of 1.03. The business’s 50 day moving average price is $65.96 and its 200-day moving average price is $66.80.
Terreno Realty (NYSE:TRNO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.13. The company had revenue of $124.71 million during the quarter, compared to analysts’ expectations of $127.15 million. Terreno Realty had a return on equity of 9.21% and a net margin of 77.22%. On average, sell-side analysts expect that Terreno Realty will post 2.84 earnings per share for the current year.
Terreno Realty Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were paid a $0.57 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.28 dividend on an annualized basis and a yield of 3.5%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.52. Terreno Realty’s payout ratio is currently 61.13%.
About Terreno Realty
Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.
Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.
The company focuses on major U.S.
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