Terreno Realty Corp. (NYSE:TRNO)‘s stock had its “buy” rating reissued by DA Davidson in a research note issued on Monday.

Several other research firms have also commented on TRNO. 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. FBR & Co increased their price objective on shares of Terreno Realty Corp. from $24.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Compass Point increased their price objective on shares of Terreno Realty Corp. from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Wunderlich increased their price objective on shares of Terreno Realty Corp. from $25.50 to $29.50 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Jefferies Group increased their price objective 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Terreno Realty Corp. presently has a consensus rating of “Hold” and an average target price of $26.22.

Analyst Recommendations for Terreno Realty Corp. (NYSE:TRNO)

Shares of Terreno Realty Corp. (NYSE:TRNO) traded up 0.16% during midday trading on Monday, hitting $25.69. The company had a trading volume of 4,097 shares. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 110.73 and a beta of 0.69. The company’s 50-day moving average price is $26.20 and its 200 day moving average price is $25.70. Terreno Realty Corp. has a 12-month low of $20.44 and a 12-month high of $28.29.

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 dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.12%. Terreno Realty Corp.’s payout ratio is currently 347.83%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its position in Terreno Realty Corp. by 28.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 180,000 shares of the company’s stock worth $4,657,000 after buying an additional 40,000 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Terreno Realty Corp. during the second quarter worth $873,000. Mizuho Trust & Banking Co. Ltd. raised its position in Terreno Realty Corp. by 6.6% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,529 shares of the company’s stock worth $221,000 after buying an additional 527 shares in the last quarter. Bank of New York Mellon Corp raised its position in Terreno Realty Corp. by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 244,209 shares of the company’s stock worth $6,318,000 after buying an additional 8,680 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in Terreno Realty Corp. during the second quarter worth $964,000. Institutional investors and hedge funds own 99.43% of the company’s stock.

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.

5 Day Chart for NYSE:TRNO

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