KeyCorp Boosts Terreno Realty (NYSE:TRNO) Price Target to $52.00

Terreno Realty (NYSE:TRNO) had its price objective boosted by KeyCorp from $49.00 to $52.00 in a report issued on Wednesday, Stock Target Advisor reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

TRNO has been the topic of several other reports. Goldman Sachs Group started coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They issued a neutral rating and a $49.00 target price on the stock. Mitsubishi UFJ Financial Group raised their target price on shares of Terreno Realty to $45.00 and gave the company a neutral rating in a report on Friday, May 3rd. Finally, Zacks Investment Research lowered shares of Horiba from a hold rating to a sell rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $49.25.

NYSE:TRNO opened at $49.72 on Wednesday. Terreno Realty has a 52 week low of $33.52 and a 52 week high of $50.79. The business’s 50-day simple moving average is $47.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.41 and a current ratio of 2.41.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). Terreno Realty had a return on equity of 5.62% and a net margin of 44.18%. The business had revenue of $40.88 million for the quarter, compared to the consensus estimate of $40.02 million. Equities research analysts anticipate that Terreno Realty will post 1.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, July 3rd.

Hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in Terreno Realty by 3.7% in the 4th quarter. California State Teachers Retirement System now owns 90,995 shares of the real estate investment trust’s stock valued at $3,200,000 after buying an additional 3,207 shares during the period. Norges Bank acquired a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $26,019,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Terreno Realty in the 1st quarter valued at approximately $646,000. Aviva PLC boosted its stake in shares of Terreno Realty by 43.0% in the 4th quarter. Aviva PLC now owns 18,719 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 5,628 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Terreno Realty by 4.0% in the 1st quarter. State of Alaska Department of Revenue now owns 19,718 shares of the real estate investment trust’s stock valued at $828,000 after purchasing an additional 764 shares in the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

About Terreno Realty

Terreno Realty Corporation 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

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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