Terreno Realty Corporation (NYSE:TRNO) Receives $67.00 Consensus Target Price from Analysts

Shares of Terreno Realty Corporation (NYSE:TRNO) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $67.25.

A number of research analysts have recently issued reports on TRNO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Terreno Realty in a report on Wednesday, November 26th. The Goldman Sachs Group raised their price target on shares of Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. UBS Group set a $71.00 price objective on shares of Terreno Realty in a report on Tuesday, October 21st. Wells Fargo & Company increased their target price on shares of Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Barclays boosted their target price on Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, September 15th.

Terreno Realty Trading Up 0.0%

Shares of TRNO stock opened at $62.80 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75. Terreno Realty has a 1 year low of $48.18 and a 1 year high of $69.20. The firm has a fifty day moving average price of $59.63 and a 200-day moving average price of $57.91. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.51 and a beta of 1.07.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.66 by $0.34. Terreno Realty had a net margin of 59.56% and a return on equity of 6.71%. The firm had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. As a group, equities analysts predict that Terreno Realty will post 2.64 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 15th will be given a $0.52 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. Terreno Realty’s dividend payout ratio (DPR) is presently 66.03%.

Insiders Place Their Bets

In other Terreno Realty news, EVP John Tull Meyer sold 4,758 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the sale, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Terreno Realty

A number of institutional investors have recently added to or reduced their stakes in TRNO. Mather Group LLC. purchased a new stake in shares of Terreno Realty during the third quarter worth about $25,000. EverSource Wealth Advisors LLC increased its position in Terreno Realty by 73.3% during the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in Terreno Realty during the third quarter worth approximately $25,000. First Horizon Corp acquired a new position in Terreno Realty during the 3rd quarter worth $26,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Terreno Realty by 52.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares during the period.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.