Shares of Terreno Realty Co. (NYSE:TRNO) hit a new 52-week high on Tuesday . The stock traded as high as $56.92 and last traded at $56.90, with a volume of 13922 shares trading hands. The stock had previously closed at $56.36.

Several research firms have recently issued reports on TRNO. Zacks Investment Research raised Terreno Realty from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. KeyCorp boosted their target price on Terreno Realty from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Terreno Realty has a consensus rating of “Hold” and a consensus target price of $51.25.

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.15 and a current ratio of 2.15. The company has a 50 day moving average price of $54.06 and a 200-day moving average price of $49.94.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Terreno Realty had a return on equity of 4.60% and a net margin of 38.43%. The firm had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $42.79 million. As a group, sell-side analysts anticipate that Terreno Realty Co. will post 1.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.90%.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Terreno Realty by 7.0% in the second quarter. Vanguard Group Inc. now owns 9,298,479 shares of the real estate investment trust’s stock worth $455,996,000 after purchasing an additional 605,402 shares during the period. BlackRock Inc. grew its stake in Terreno Realty by 0.6% in the second quarter. BlackRock Inc. now owns 5,771,410 shares of the real estate investment trust’s stock worth $283,030,000 after purchasing an additional 36,445 shares during the period. JPMorgan Chase & Co. grew its stake in Terreno Realty by 10.5% in the second quarter. JPMorgan Chase & Co. now owns 2,581,068 shares of the real estate investment trust’s stock worth $123,891,000 after purchasing an additional 245,941 shares during the period. Resolution Capital Ltd grew its stake in Terreno Realty by 10.2% in the third quarter. Resolution Capital Ltd now owns 2,529,588 shares of the real estate investment trust’s stock worth $129,237,000 after purchasing an additional 234,505 shares during the period. Finally, Invesco Ltd. grew its stake in Terreno Realty by 20.2% in the second quarter. Invesco Ltd. now owns 2,000,472 shares of the real estate investment trust’s stock worth $98,104,000 after purchasing an additional 336,732 shares during the period. 95.19% of the stock is currently owned by institutional investors.

Terreno Realty Company Profile (NYSE:TRNO)

Terreno Realty Corporation 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

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