Terreno Realty’s (TRNO) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Terreno Realty (NYSE:TRNO) in a research report released on Monday,Benzinga reports. JMP Securities currently has a $72.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on TRNO. Scotiabank reduced their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays lowered their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Finally, Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Price Performance

NYSE TRNO opened at $58.53 on Monday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a market capitalization of $5.84 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. The firm’s 50 day moving average is $60.31 and its 200-day moving average is $63.94.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Equities research analysts anticipate that Terreno Realty will post 2.41 earnings per share for the current fiscal year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.35%. Terreno Realty’s payout ratio is 107.69%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRNO. Stifel Financial Corp raised its holdings in shares of Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock valued at $6,156,000 after buying an additional 25,988 shares in the last quarter. Barclays PLC raised its holdings in shares of Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock valued at $11,360,000 after buying an additional 96,380 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after buying an additional 315,506 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Terreno Realty by 27.0% during the 2nd quarter. Sei Investments Co. now owns 482,394 shares of the real estate investment trust’s stock valued at $28,549,000 after buying an additional 102,456 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Terreno Realty by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after buying an additional 8,940 shares in the last quarter.

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.