Terreno Realty Corporation (NYSE:TRNO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Terreno Realty Corporation (NYSE:TRNO) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $66.00.

Several brokerages have recently issued reports on TRNO. Robert W. Baird set a $64.00 price target on Terreno Realty and gave the company an “outperform” rating in a research report on Thursday, January 8th. KeyCorp restated an “overweight” rating on shares of Terreno Realty in a research note on Wednesday, January 14th. Citigroup lifted their price target on Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Wells Fargo & Company upped their price target on Terreno Realty from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Scotiabank raised their price objective on shares of Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th.

Insider Activity

In other news, EVP John Tull Meyer sold 4,758 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.95, for a total transaction of $285,242.10. Following the transaction, the executive vice president owned 119,949 shares in the company, valued at approximately $7,190,942.55. The trade was a 3.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% 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. Wiser Advisor Group LLC bought a new position in Terreno Realty during the third quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 189 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Terreno Realty during the third quarter valued at approximately $25,000. First Horizon Corp acquired a new position in shares of Terreno Realty in the third quarter valued at $26,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter.

Terreno Realty Trading Down 1.3%

Shares of TRNO stock opened at $61.84 on Wednesday. Terreno Realty has a 12 month low of $48.18 and a 12 month high of $69.20. The company has a market cap of $6.39 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 2.53 and a beta of 1.13. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $60.87 and its two-hundred day moving average is $58.72.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million during the quarter, compared to the consensus estimate of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. Equities analysts predict that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 15th were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. Terreno Realty’s dividend payout ratio is 66.03%.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.