KeyCorp reissued their buy rating on shares of Terreno Realty Corporation (NYSE:TRNO) in a research note released on Sunday. KeyCorp currently has a $39.00 price target on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on TRNO. Stifel Nicolaus reaffirmed a buy rating and issued a $34.50 price target on shares of Terreno Realty Corporation in a research note on Friday, July 14th. BidaskClub downgraded shares of Terreno Realty Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. National Securities upped their price target on shares of Terreno Realty Corporation from $33.00 to $35.00 and gave the stock a neutral rating in a research note on Monday, August 21st. BTIG Research reaffirmed a buy rating and issued a $39.00 price target (up from $35.00) on shares of Terreno Realty Corporation in a research note on Wednesday, September 27th. Finally, FBR & Co reaffirmed a neutral rating and issued a $39.00 price target on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $35.75.

Terreno Realty Corporation (TRNO) traded up $0.36 on Friday, hitting $37.41. 198,319 shares of the company were exchanged, compared to its average volume of 286,914. Terreno Realty Corporation has a one year low of $24.81 and a one year high of $38.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87. The company has a market capitalization of $2,040.00, a price-to-earnings ratio of 35.97, a P/E/G ratio of 3.33 and a beta of 0.80.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, December 28th. Terreno Realty Corporation’s payout ratio is 114.29%.

A number of institutional investors have recently bought and sold shares of TRNO. Parametric Portfolio Associates LLC increased its position in Terreno Realty Corporation by 10.9% during the first quarter. Parametric Portfolio Associates LLC now owns 74,453 shares of the real estate investment trust’s stock worth $2,085,000 after buying an additional 7,321 shares during the last quarter. Alliancebernstein L.P. increased its position in Terreno Realty Corporation by 0.4% during the first quarter. Alliancebernstein L.P. now owns 84,472 shares of the real estate investment trust’s stock worth $2,365,000 after buying an additional 310 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Terreno Realty Corporation by 3.1% during the first quarter. TIAA CREF Investment Management LLC now owns 200,270 shares of the real estate investment trust’s stock worth $5,608,000 after buying an additional 6,095 shares during the last quarter. Vanguard Group Inc. increased its position in Terreno Realty Corporation by 1.5% during the first quarter. Vanguard Group Inc. now owns 5,500,309 shares of the real estate investment trust’s stock worth $154,009,000 after buying an additional 81,173 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Terreno Realty Corporation by 2.3% during the first quarter. Geode Capital Management LLC now owns 346,775 shares of the real estate investment trust’s stock worth $9,709,000 after buying an additional 7,948 shares during the last quarter. 98.07% of the stock is currently 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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