Barclays Reiterates “Equal Weight” Rating for Terreno Realty (NYSE:TRNO)

Barclays reissued their equal weight rating on shares of Terreno Realty (NYSE:TRNO) in a research note issued to investors on Monday morning, Marketbeat reports. Barclays currently has a $60.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $68.00.

Other equities analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.50.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $59.75 on Monday. The firm has a 50-day simple moving average of $60.19 and a 200-day simple moving average of $63.95. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 2.41 and a beta of 0.90. Terreno Realty has a 52 week low of $53.78 and a 52 week high of $71.63.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The company had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. On average, equities analysts predict that Terreno Realty will post 2.42 earnings per share for the current fiscal year.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Friday, December 13th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.28%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Institutional Trading of Terreno Realty

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new stake in Terreno Realty during the 3rd quarter worth approximately $26,000. Assetmark Inc. increased its position in shares of Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 381 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Terreno Realty in the second quarter valued at $48,000. International Assets Investment Management LLC boosted its holdings in Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 987 shares during the period. Finally, Huntington National Bank grew its stake in Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 177 shares in the last quarter.

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.