Terreno Realty (NYSE:TRNO) Stock Price Expected to Rise, Scotiabank Analyst Says

Terreno Realty (NYSE:TRNO) had its target price raised by Scotiabank from $64.00 to $68.00 in a research report report published on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. BMO Capital Markets increased their price target on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Piper Sandler lowered their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research report on Monday, February 10th. Barclays reaffirmed an “equal weight” rating and set a $60.00 target price (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised Terreno Realty from a “neutral” rating to a “buy” rating and raised their target price for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.36.

Terreno Realty Trading Down 0.1 %

Shares of TRNO stock opened at $67.79 on Friday. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The company has a market cap of $6.76 billion, a PE ratio of 35.31, a P/E/G ratio of 2.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23. The stock’s fifty day moving average price is $63.38 and its two-hundred day moving average price is $64.05.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Equities analysts predict that Terreno Realty will post 2.64 EPS for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a yield of 2.89%. Terreno Realty’s payout ratio is currently 102.08%.

Institutional Trading of Terreno Realty

A number of large investors have recently bought and sold shares of TRNO. FMR LLC grew its holdings in Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after acquiring an additional 1,496,666 shares during the period. Vanguard Group Inc. grew its stake in shares of Terreno Realty by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock valued at $902,293,000 after buying an additional 1,484,301 shares during the period. Deutsche Bank AG grew its stake in shares of Terreno Realty by 287.6% in the 4th quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust’s stock valued at $91,454,000 after buying an additional 1,147,404 shares during the period. Norges Bank acquired a new stake in shares of Terreno Realty in the 4th quarter valued at about $58,818,000. Finally, Northern Trust Corp grew its stake in shares of Terreno Realty by 51.6% in the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock valued at $109,150,000 after buying an additional 628,065 shares during the period.

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.