FBR & Co reaffirmed their neutral rating on shares of Terreno Realty Corporation (NYSE:TRNO) in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a $39.00 price objective on the real estate investment trust’s stock.

TRNO has been the topic of several other reports. KeyCorp restated a buy rating on shares of Terreno Realty Corporation in a research note on Wednesday, September 6th. Jefferies Group LLC restated a hold rating and set a $35.00 price objective (up from $29.00) on shares of Terreno Realty Corporation in a research note on Friday, June 23rd. Stifel Nicolaus restated a buy rating and set a $34.50 price objective on shares of Terreno Realty Corporation in a research note on Friday, July 14th. BidaskClub cut Terreno Realty Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, National Securities raised their price objective on Terreno Realty Corporation from $33.00 to $35.00 and gave the company a neutral rating in a research note on Monday, August 21st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Terreno Realty Corporation presently has a consensus rating of Buy and a consensus price target of $35.29.

Terreno Realty Corporation (NYSE:TRNO) opened at 36.90 on Tuesday. The company’s 50-day moving average is $36.21 and its 200-day moving average is $33.05. The firm has a market capitalization of $1.92 billion, a P/E ratio of 77.85 and a beta of 0.81. Terreno Realty Corporation has a one year low of $24.81 and a one year high of $37.40.

Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The company had revenue of $32.78 million for the quarter, compared to the consensus estimate of $31.72 million. Equities analysts forecast that Terreno Realty Corporation will post $0.64 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.38%. Terreno Realty Corporation’s dividend payout ratio (DPR) is currently 173.91%.

Several institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new stake in shares of Terreno Realty Corporation during the 2nd quarter valued at $2,020,000. Westwood Holdings Group Inc. increased its position in shares of Terreno Realty Corporation by 5.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 572,697 shares of the real estate investment trust’s stock valued at $19,277,000 after purchasing an additional 29,977 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Terreno Realty Corporation by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 398 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of Terreno Realty Corporation by 199.1% during the 2nd quarter. Susquehanna International Group LLP now owns 109,598 shares of the real estate investment trust’s stock valued at $3,689,000 after purchasing an additional 72,957 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Terreno Realty Corporation by 8.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,756 shares of the real estate investment trust’s stock valued at $1,271,000 after purchasing an additional 3,045 shares during the last quarter. 97.97% of the stock is owned by hedge funds and other institutional investors.

Terreno Realty Corporation Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Analyst Recommendations for Terreno Realty Corporation (NYSE:TRNO)

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