Terreno Realty Co. (NYSE:TRNO – Get Rating) shares have received a consensus Moderate Buy rating from the nine rating agencies currently covering the stock, reports MarketBeat.com. Three equity analysts have rated the stock with a hold recommendation and four with a buy recommendation for the company. The average 12-month target price set by analysts covering the stock over the last year is $77.71.
A number of analysts have recently covered TRNO stock. Mizuho lowered its target price on Terreno Realty to $64.00 from $76.00 and gave the company a “na” rating in a report Tuesday, May 17. JMP Securities began coverage on shares of Terreno Realty in a research report on Wednesday, May 18th. They set an “outperform” rating and a price target of $75.00 for the stock. Goldman Sachs Group lowered its target price on Terreno Realty shares to $70.00 from $79.00, giving the stock a “neutral” rating in a research report on Thursday, June 16. StockNews.com began coverage of shares of Terreno Realty in a research report on Thursday, March 31st. You give the stock a “hold” rating. Finally, TheStreet downgraded shares of Terreno Realty from a “b” rating to a “c+” rating in a research report on Thursday, May 19.
Also on Monday, May 9, CEO W. Blake Baird acquired 1,000 shares of the company in a transaction. The stock was purchased at an average price of $64.00 per share for a total transaction of $64,000.00. Following the purchase, the Chief Executive Officer now owns 588,376 shares of the Company’s stock valued at approximately $37,656,064. The purchase was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders own 2.40% of the company’s shares.
Several hedge funds have recently changed their holdings of TRNO. HHM Wealth Advisors LLC acquired a new position in Terreno Realty valued at approximately $28,000 during the first quarter. Point72 Hong Kong Ltd acquired a new position in Terreno Realty valued at approximately $28,000 during the first quarter. USA Financial Portformulas Corp acquired a new position in Terreno Realty valued at approximately $39,000 during the fourth quarter. First Eagle Investment Management LLC bought a new position in Terreno Realty valued at $51,000 during the fourth quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in Terreno Realty valued at $51,000 during the fourth quarter.
Shares of TRNO stock opened at $57.81 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.37 billion, a P/E of 46.25, and a beta of 0.71. The stock has a 50-day simple moving average of $64.53 and a 200-day simple moving average of $71.15. Terreno Realty has a 1 year low of $54.55 and a 1 year high of $86.00.
Terreno Realty (NYSE:TRNO – Get Rating) last announced its earnings results on Wednesday, May 4th. The Real Estate Investment Trust reported earnings per share of $0.26 for the quarter, missing the consensus estimate of $0.46 ($0.20). Terreno Realty had a return on equity of 4.79% and a net margin of 38.50%. The company had revenue of $64.04 million for the quarter, compared to the consensus estimate of $62.16 million. Analysts are forecasting that Terreno Realty will post 1.96 EPS for the year to date.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 30 will be paid a dividend of $0.34. The ex-dividend date is Wednesday June 29th. That equates to an annualized dividend of $1.36 and a yield of 2.35%. Terreno Realty’s Dividend Payout Ratio (DPR) is 108.80%.
Company profile of Terreno Realty (get rating)
Terreno Realty Corporation (and together with its subsidiaries, the Company) acquires, owns and operates commercial properties in six major U.S. coastal markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, DC All Square meters, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited.
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