Terreno Realty (NYSE:TRNO) had its target price upped by KeyCorp from $49.00 to $52.00 in a report issued on Wednesday morning, Stock Target Advisor reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research note on Wednesday, May 15th. They issued a neutral rating and a $49.00 price objective for the company. Mitsubishi UFJ Financial Group boosted their price objective on shares of Terreno Realty to $45.00 and gave the stock a neutral rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research downgraded shares of Horiba from a hold rating to a sell rating in a research note on Wednesday, May 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Terreno Realty has an average rating of Hold and a consensus target price of $49.25.

Shares of Terreno Realty stock traded down $0.91 on Wednesday, hitting $49.67. 404,500 shares of the company traded hands, compared to its average volume of 298,211. The company has a 50 day moving average of $47.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.41 and a current ratio of 2.41. Terreno Realty has a 52 week low of $33.52 and a 52 week high of $50.79.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.10). Terreno Realty had a net margin of 44.18% and a return on equity of 5.62%. The company had revenue of $40.88 million for the quarter, compared to the consensus estimate of $40.02 million. On average, analysts forecast that Terreno Realty will post 1.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, July 3rd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRNO. FMR LLC grew its holdings in shares of Terreno Realty by 3.1% during the fourth quarter. FMR LLC now owns 4,367,421 shares of the real estate investment trust’s stock valued at $153,603,000 after buying an additional 132,935 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Terreno Realty by 11.3% during the first quarter. JPMorgan Chase & Co. now owns 2,335,127 shares of the real estate investment trust’s stock valued at $98,169,000 after buying an additional 237,748 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Terreno Realty by 34.0% in the first quarter. Principal Financial Group Inc. now owns 1,702,479 shares of the real estate investment trust’s stock valued at $71,572,000 after purchasing an additional 432,198 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Terreno Realty by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 886,559 shares of the real estate investment trust’s stock valued at $31,180,000 after purchasing an additional 32,004 shares during the last quarter. Finally, Norges Bank purchased a new stake in Terreno Realty in the fourth quarter valued at $26,019,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

About Terreno Realty

Terreno Realty Corporation 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

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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