Terreno Realty Corporation (NYSE:TRNO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Terreno Realty Corporation (NYSE:TRNO) have been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $65.5385.

Several brokerages have recently weighed in on TRNO. The Goldman Sachs Group upped their price target on Terreno Realty from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Citigroup upped their target price on shares of Terreno Realty from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Terreno Realty in a research note on Monday. Cantor Fitzgerald began coverage on shares of Terreno Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 price target for the company. Finally, Piper Sandler raised shares of Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Monday, November 10th.

Insider Buying and Selling at Terreno Realty

In other news, EVP John Tull Meyer sold 4,758 shares of Terreno Realty stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $59.95, for a total transaction of $285,242.10. Following the completion of the sale, the executive vice president owned 119,949 shares in the company, valued at approximately $7,190,942.55. This trade represents a 3.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Terreno Realty

A number of institutional investors and hedge funds have recently bought and sold shares of TRNO. HighTower Advisors LLC grew its stake in Terreno Realty by 69.8% in the 1st quarter. HighTower Advisors LLC now owns 6,229 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 2,560 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Terreno Realty by 2.7% during the 1st quarter. Northern Trust Corp now owns 1,895,115 shares of the real estate investment trust’s stock worth $119,809,000 after acquiring an additional 49,494 shares during the last quarter. Wellington Management Group LLP grew its position in Terreno Realty by 7.6% in the first quarter. Wellington Management Group LLP now owns 762,764 shares of the real estate investment trust’s stock worth $48,222,000 after acquiring an additional 53,557 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Terreno Realty by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,158,754 shares of the real estate investment trust’s stock valued at $262,918,000 after acquiring an additional 523,950 shares during the last quarter. Finally, CW Advisors LLC increased its stake in Terreno Realty by 25.9% in the first quarter. CW Advisors LLC now owns 224,517 shares of the real estate investment trust’s stock valued at $14,194,000 after acquiring an additional 46,185 shares during the last quarter.

Terreno Realty Trading Up 1.2%

NYSE:TRNO opened at $60.50 on Friday. Terreno Realty has a 1 year low of $48.18 and a 1 year high of $69.20. The stock’s fifty day moving average price is $60.85 and its two-hundred day moving average price is $58.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $6.26 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.37 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%.The company had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. As a group, analysts expect that Terreno Realty will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 15th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 15th. Terreno Realty’s dividend payout ratio is currently 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.