Terreno Realty Corp.’s (TRNO) Hold Rating Reiterated at FBR & Co
Other equities research analysts have also issued research reports about the stock. Wunderlich boosted their price target on shares of Terreno Realty Corp. from $25.50 to $29.50 and gave the company a buy rating in a report on Thursday, July 28th. BTIG Research initiated coverage on shares of Terreno Realty Corp. in a research note on Thursday, August 25th. They issued a buy rating and a $30.00 target price on the stock. Jefferies Group boosted their target price on shares of Terreno Realty Corp. from $25.00 to $26.00 and gave the company a hold rating in a research note on Thursday, August 18th. Zacks Investment Research upgraded shares of Terreno Realty Corp. from a sell rating to a hold rating in a research note on Saturday, July 30th. Finally, JMP Securities downgraded shares of Terreno Realty Corp. from an outperform rating to a market perform rating in a research note on Monday, August 22nd. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $26.22.
Terreno Realty Corp. (NYSE:TRNO) opened at 25.92 on Monday. The stock has a 50 day moving average of $26.33 and a 200 day moving average of $25.69. Terreno Realty Corp. has a 52 week low of $20.44 and a 52 week high of $28.29. The firm has a market cap of $1.19 billion, a PE ratio of 111.72 and a beta of 0.69.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.09%. Terreno Realty Corp.’s dividend payout ratio (DPR) is presently 347.83%.
Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Terreno Realty Corp. by 17.6% in the third quarter. Bank of Montreal Can now owns 4,032 shares of the company’s stock worth $111,000 after buying an additional 603 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Terreno Realty Corp. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,049 shares of the company’s stock worth $156,000 after buying an additional 729 shares during the period. Spirit of America Management Corp NY bought a new stake in shares of Terreno Realty Corp. during the third quarter worth approximately $156,000. SG Americas Securities LLC bought a new stake in shares of Terreno Realty Corp. during the third quarter worth approximately $209,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Terreno Realty Corp. during the second quarter worth approximately $216,000.
Terreno Realty Corp. Company Profile
Terreno Realty Corporation (Terreno) is a real estate investment trust. The Company acquires, owns and operates industrial real estate located in approximately six coastal United States markets, such as Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area, and Washington, DC/Baltimore.
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