Terreno Realty Co. (NYSE:TRNO) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Wednesday, March 28th will be paid a dividend of 0.22 per share by the real estate investment trust on Thursday, April 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, March 27th.

Terreno Realty has increased its dividend payment by an average of 14.9% per year over the last three years and has raised its dividend every year for the last 5 years. Terreno Realty has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Terreno Realty to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 71.0%.

Shares of Terreno Realty (NYSE TRNO) traded up $0.27 on Friday, hitting $32.37. The stock had a trading volume of 106,143 shares, compared to its average volume of 279,955. Terreno Realty has a one year low of $26.48 and a one year high of $38.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. The company has a market cap of $1,846.57, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.

Several brokerages have recently issued reports on TRNO. National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, November 22nd. B. Riley reiterated a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $41.00 price target (up previously from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. Finally, KeyCorp reiterated a “buy” rating and issued a $39.00 price target on shares of Terreno Realty in a research note on Sunday, November 5th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $38.30.

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Terreno Realty 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.

Dividend History for Terreno Realty (NYSE:TRNO)

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