Terreno Realty Corporation (NYSE:TRNO) Receives $69.36 Consensus PT from Analysts

Shares of Terreno Realty Corporation (NYSE:TRNO) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $69.3571.

Several equities analysts have commented on TRNO shares. Scotiabank boosted their price target 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. Citizens Jmp increased their price objective on Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, February 6th. KeyCorp lifted their target price on Terreno Realty from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Piper Sandler boosted their target price on Terreno Realty from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Barclays restated a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a report on Tuesday, January 13th.

Terreno Realty Stock Up 0.6%

Shares of NYSE:TRNO opened at $61.81 on Monday. The firm has a market capitalization of $6.57 billion, a PE ratio of 15.85 and a beta of 1.12. Terreno Realty has a 1 year low of $48.18 and a 1 year high of $66.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.32. The firm’s 50-day moving average is $63.46 and its two-hundred day moving average is $61.19.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, beating the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The business had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. Analysts predict that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, March 27th. Terreno Realty’s dividend payout ratio is presently 53.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Purpose Unlimited Inc. acquired a new position in Terreno Realty during the 4th quarter worth approximately $348,000. Hsbc Holdings PLC raised its holdings in shares of Terreno Realty by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 267,387 shares of the real estate investment trust’s stock valued at $15,698,000 after purchasing an additional 27,740 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Terreno Realty by 12.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,513 shares of the real estate investment trust’s stock worth $735,000 after purchasing an additional 1,404 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Terreno Realty by 125.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,122 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 624 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Terreno Realty during the fourth quarter worth $190,000.

Terreno Realty Company Profile

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.