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

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

Other analysts have also recently issued research reports about the company. Piper Sandler dropped their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Barclays reissued an “equal weight” rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. 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 note on Friday, October 25th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price target on the stock. Finally, BMO Capital Markets started coverage on Terreno Realty in a research report on Tuesday, February 4th. They set a “market perform” rating and a $71.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Terreno Realty has a consensus rating of “Hold” and an average target price of $68.45.

Terreno Realty Price Performance

Terreno Realty stock opened at $66.52 on Monday. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The firm has a 50-day moving average of $61.81 and a two-hundred day moving average of $64.03. Terreno Realty has a 1 year low of $53.78 and a 1 year high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 2.71.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, research analysts forecast that Terreno Realty will post 2.64 earnings per share for the current 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 paid 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 2.95%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

Institutional Investors Weigh In On Terreno Realty

Several large investors have recently bought and sold shares of TRNO. V Square Quantitative Management LLC purchased a new position in Terreno Realty in the third quarter valued at $26,000. Assetmark Inc. raised its position in Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 381 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in Terreno Realty during the 4th quarter worth $27,000. Steward Partners Investment Advisory LLC grew its position in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 361 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Terreno Realty by 6,580.0% during the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 987 shares during the period.

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.