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.
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.
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.
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