Terreno Realty (NYSE:TRNO) Reaches New 52-Week High at $66.34

Shares of Terreno Realty Co. (NYSE:TRNO) hit a new 52-week high during trading on Thursday . The stock traded as high as $66.34 and last traded at $65.89, with a volume of 79449 shares. The stock had previously closed at $65.33.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRNO shares. The Goldman Sachs Group boosted their target price on Terreno Realty from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Wedbush reissued a “neutral” rating and set a $67.00 target price on shares of Terreno Realty in a research note on Thursday. StockNews.com raised Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Piper Sandler boosted their price target on shares of Terreno Realty from $70.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, Mizuho lowered their price objective on shares of Terreno Realty from $67.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, December 5th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.00.

Terreno Realty Stock Up 1.2 %

The firm’s fifty day simple moving average is $62.72 and its 200 day simple moving average is $59.73. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.97 and a beta of 0.81. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $86.48 million for the quarter, compared to analysts’ expectations of $84.06 million. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%. Sell-side analysts predict that Terreno Realty Co. will post 2.39 earnings per share for the current year.

Terreno Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, March 28th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 2.72%. Terreno Realty’s dividend payout ratio is currently 99.45%.

Institutional Trading of Terreno Realty

Institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in Terreno Realty during the 1st quarter worth $28,000. Ronald Blue Trust Inc. boosted its position in shares of Terreno Realty by 93.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 537 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 260 shares during the period. SRS Capital Advisors Inc. increased its position in Terreno Realty by 337.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 408 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Terreno Realty in the 4th quarter valued at $35,000. Finally, Pinebridge Investments L.P. acquired a new stake in Terreno Realty during the 2nd quarter worth $49,000.

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.