Terreno Realty Co. (TRNO) Receives Average Recommendation of “Buy” from Brokerages

Terreno Realty Co. (NYSE:TRNO) has been assigned an average rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.60.

Several research analysts have weighed in on TRNO shares. JMP Securities reissued a “hold” rating on shares of Terreno Realty in a research report on Tuesday, October 16th. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, November 6th. Finally, ValuEngine raised Terreno Realty from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th.

In other news, Director David M. Lee bought 5,000 shares of the stock in a transaction on Friday, February 8th. The shares were purchased at an average cost of $42.04 per share, for a total transaction of $210,200.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $210,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. We Are One Seven LLC bought a new stake in shares of Terreno Realty during the 4th quarter valued at $41,000. Parametrica Management Ltd bought a new stake in shares of Terreno Realty during the 4th quarter valued at $207,000. Federated Investors Inc. PA raised its stake in shares of Terreno Realty by 48.6% during the 3rd quarter. Federated Investors Inc. PA now owns 6,020 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 1,970 shares during the period. First Quadrant L P CA bought a new stake in shares of Terreno Realty during the 3rd quarter valued at $247,000. Finally, Bessemer Group Inc. bought a new stake in shares of Terreno Realty during the 3rd quarter valued at $256,000.

TRNO stock opened at $40.98 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.25. Terreno Realty has a 1-year low of $32.70 and a 1-year high of $42.70. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 3.49 and a beta of 0.86.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.34%. Terreno Realty’s payout ratio is presently 88.07%.

Terreno Realty Company Profile

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

Further Reading: Why is the LIBOR significant?

Analyst Recommendations for Terreno Realty (NYSE:TRNO)

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit