Terreno Realty Co. (NYSE:TRNO) Given Consensus Recommendation of “Hold” by Analysts

Terreno Realty Co. (NYSE:TRNO) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $48.67.

A number of equities research analysts recently weighed in on TRNO shares. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday. Goldman Sachs Group initiated 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 for the company. KeyCorp boosted their price target on shares of Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Mitsubishi UFJ Financial Group boosted their price target on shares of Terreno Realty to $45.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd.

Shares of NYSE:TRNO traded down $0.88 during trading on Tuesday, hitting $48.75. The company’s stock had a trading volume of 139,510 shares, compared to its average volume of 306,960. The firm’s 50 day simple moving average is $48.21. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.34. Terreno Realty has a fifty-two week low of $33.52 and a fifty-two week high of $50.79.

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

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.97%.

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System grew its position in Terreno Realty by 3.7% during the fourth quarter. California State Teachers Retirement System now owns 90,995 shares of the real estate investment trust’s stock worth $3,200,000 after buying an additional 3,207 shares during the period. Norges Bank purchased a new position in shares of Terreno Realty during the fourth quarter valued at approximately $26,019,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Terreno Realty during the first quarter valued at approximately $646,000. State of Alaska Department of Revenue lifted its stake in shares of Terreno Realty by 4.0% during the first 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 buying an additional 764 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Terreno Realty by 24.2% during the first quarter. Citigroup Inc. now owns 48,237 shares of the real estate investment trust’s stock valued at $2,028,000 after buying an additional 9,411 shares during the period. Institutional investors own 99.75% of the company’s stock.

Terreno Realty Company Profile

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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