Terreno Realty (NYSE:TRNO) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Terreno Realty (NYSE:TRNO) from a hold rating to a buy rating in a research note issued to investors on Monday, April 2nd.

A number of other equities analysts have also weighed in on the stock. National Securities reaffirmed a buy rating and issued a $45.00 target price on shares of Terreno Realty in a research note on Tuesday, March 6th. Stifel Nicolaus restated a buy rating and set a $37.00 price objective on shares of Terreno Realty in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Terreno Realty from a hold rating to a sell rating in a research note on Friday, February 16th. B. Riley set a $36.00 price objective on shares of Terreno Realty and gave the stock a hold rating in a research note on Monday, February 12th. Finally, DA Davidson reiterated a buy rating on shares of Terreno Realty in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $37.73.

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Shares of TRNO traded up $1.00 during trading hours on Monday, reaching $35.28. The stock had a trading volume of 538,978 shares, compared to its average volume of 324,378. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. Terreno Realty has a 52 week low of $29.35 and a 52 week high of $38.54. The stock has a market cap of $1,873.75, a P/E ratio of 32.23, a P/E/G ratio of 2.82 and a beta of 0.74.



Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.09). The firm had revenue of $34.63 million during the quarter, compared to the consensus estimate of $34.86 million. Terreno Realty had a net margin of 38.61% and a return on equity of 5.45%. equities research analysts expect that Terreno Realty will post 1.2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Shareholders of record on Wednesday, March 28th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 27th. This represents a $0.88 annualized dividend and a yield of 2.49%. Terreno Realty’s dividend payout ratio is currently 80.73%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of Terreno Realty by 111.6% during the fourth quarter. Advisor Group Inc. now owns 5,424 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 2,861 shares during the period. Guggenheim Capital LLC bought a new position in shares of Terreno Realty during the fourth quarter worth approximately $229,000. Sei Investments Co. increased its holdings in shares of Terreno Realty by 33,325.0% during the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 6,665 shares during the period. SG Americas Securities LLC increased its holdings in shares of Terreno Realty by 28.2% during the third quarter. SG Americas Securities LLC now owns 7,557 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 1,664 shares during the period. Finally, USA Financial Portformulas Corp bought a new position in Terreno Realty in the fourth quarter valued at approximately $280,000. 99.65% of the stock is currently owned by institutional investors.

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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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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