Stifel Nicolaus reissued their buy rating on shares of Terreno Realty Corporation (NYSE:TRNO) in a research report released on Wednesday morning. Stifel Nicolaus currently has a $37.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $34.50.

Several other research analysts also recently weighed in on TRNO. BidaskClub downgraded shares of Terreno Realty Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a hold rating and issued a $35.00 target price (up previously from $29.00) on shares of Terreno Realty Corporation in a research note on Friday, June 23rd. Zacks Investment Research raised shares of Terreno Realty Corporation from a sell rating to a hold rating in a research note on Saturday, May 6th. Wunderlich upped their price objective on shares of Terreno Realty Corporation from $31.00 to $34.00 and gave the company a buy rating in a research note on Monday, May 8th. Finally, National Securities downgraded shares of Terreno Realty Corporation from a buy rating to a neutral rating and upped their price objective for the company from $29.00 to $33.00 in a research note on Thursday, May 11th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Terreno Realty Corporation presently has an average rating of Hold and a consensus target price of $32.13.

Terreno Realty Corporation (NYSE:TRNO) traded down 0.17% during trading on Wednesday, reaching $34.56. 502,909 shares of the company’s stock traded hands. Terreno Realty Corporation has a one year low of $24.81 and a one year high of $35.59. The stock has a market cap of $1.80 billion, a P/E ratio of 72.91 and a beta of 0.83. The firm’s 50 day moving average price is $33.87 and its 200-day moving average price is $30.67.

Terreno Realty Corporation (NYSE:TRNO) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The firm had revenue of $32.78 million during the quarter, compared to analyst estimates of $31.72 million. On average, equities analysts anticipate that Terreno Realty Corporation will post $0.48 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.55%. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in Terreno Realty Corporation by 0.9% in the first quarter. Stifel Financial Corp now owns 13,548 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 123 shares in the last quarter. Aperio Group LLC increased its position in Terreno Realty Corporation by 1.3% in the second quarter. Aperio Group LLC now owns 9,599 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 126 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Terreno Realty Corporation by 3.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,236 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 209 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Terreno Realty Corporation by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 282 shares in the last quarter. Finally, GAM Holding AG increased its position in Terreno Realty Corporation by 7.6% in the second quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 300 shares in the last quarter.

Terreno Realty Corporation Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Analyst Recommendations for Terreno Realty Corporation (NYSE:TRNO)

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