Terreno Realty Co. (NYSE:TRNO – Get Free Report) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.11.
A number of research analysts recently weighed in on the stock. Mizuho raised their price target on shares of Terreno Realty from $52.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Scotiabank raised their price target on shares of Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. The Goldman Sachs Group raised their price target on shares of Terreno Realty from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. StockNews.com raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of Terreno Realty in a report on Thursday, March 28th.
Check Out Our Latest Analysis on TRNO
Institutional Trading of Terreno Realty
Terreno Realty Stock Down 0.1 %
Terreno Realty stock opened at $54.29 on Monday. Terreno Realty has a 1-year low of $50.42 and a 1-year high of $66.63. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81. The firm’s fifty day moving average price is $61.61 and its two-hundred day moving average price is $59.94. 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 – Get Free Report) last released its quarterly earnings data 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. Terreno Realty had a net margin of 46.76% and a return on equity of 5.55%. The firm had revenue of $86.48 million for the quarter, compared to analyst estimates of $84.06 million. On average, equities research analysts predict that Terreno Realty will post 2.42 earnings per share for the current fiscal year.
Terreno Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 28th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 3.32%. Terreno Realty’s payout ratio is 99.45%.
Terreno Realty Company Profile
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.
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