Terreno Realty Co. (NYSE:TRNO) Receives $69.56 Consensus PT from Brokerages

Shares of Terreno Realty Co. (NYSE:TRNO) have been given a consensus rating of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $69.22.

Several equities research analysts recently issued reports on the stock. JMP Securities increased their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. The Goldman Sachs Group increased their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company lowered shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th.

Insider Activity

In other news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the completion of the transaction, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Tull Meyer sold 6,145 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the completion of the transaction, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares of the company’s stock, valued at $6,970,787.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,643 shares of company stock worth $1,277,581. 2.40% of the stock is currently owned by insiders.

Institutional Trading of Terreno Realty

Institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in Terreno Realty in the third quarter worth $26,000. Mather Group LLC. purchased a new stake in Terreno Realty in the first quarter worth $31,000. Whittier Trust Co. increased its stake in Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 337 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Terreno Realty in the second quarter worth $48,000. Finally, EntryPoint Capital LLC increased its stake in Terreno Realty by 80.3% in the first quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 419 shares during the period.

Terreno Realty Price Performance

NYSE TRNO opened at $61.47 on Monday. Terreno Realty has a 52 week low of $50.65 and a 52 week high of $71.63. The firm has a market capitalization of $5.94 billion, a P/E ratio of 32.02, a PEG ratio of 2.92 and a beta of 0.90. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $66.96 and a 200-day moving average price of $62.54.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.17). The firm had revenue of $94.25 million during the quarter, compared to analysts’ expectations of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. Equities research analysts anticipate that Terreno Realty will post 2.41 earnings per share for the current year.

Terreno Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.19%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, September 30th. Terreno Realty’s dividend payout ratio is presently 102.08%.

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.