Brokerages Set Terreno Realty Corporation (NYSE:TRNO) Price Target at $69.36

Terreno Realty Corporation (NYSE:TRNO) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $69.3571.

Several equities research analysts have recently issued reports on TRNO shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Terreno Realty in a research report on Tuesday, April 21st. Piper Sandler increased their price target on shares of Terreno Realty from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. UBS Group set a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 9th. Citigroup increased their price target on shares of Terreno Realty from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Citizens Jmp increased their price target on shares of Terreno Realty from $66.00 to $70.00 and gave the company a “market outperform” rating in a research note on Friday, February 6th.

Terreno Realty Stock Up 0.6%

Shares of NYSE:TRNO opened at $65.21 on Friday. The company has a 50 day moving average price of $64.00 and a two-hundred day moving average price of $62.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.32 and a current ratio of 0.32. Terreno Realty has a 52 week low of $53.00 and a 52 week high of $67.55. The company has a market capitalization of $6.93 billion, a PE ratio of 16.72 and a beta of 1.12.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The company had revenue of $137.48 million during the quarter, compared to the consensus estimate of $124.72 million. Analysts forecast that Terreno Realty will post 2.79 earnings per share for the current year.

Terreno Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a $0.52 dividend. The ex-dividend date was Friday, March 27th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Terreno Realty’s dividend payout ratio (DPR) is currently 53.33%.

Institutional Trading of Terreno Realty

A number of large investors have recently added to or reduced their stakes in TRNO. Mather Group LLC. acquired a new stake in Terreno Realty in the third quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Terreno Realty by 73.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Terreno Realty during the 3rd quarter worth about $25,000. First Horizon Corp acquired a new stake in shares of Terreno Realty during the 3rd quarter worth about $26,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 172 shares during the last quarter.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.