Terreno Realty (NYSE:TRNO) Hits New 1-Year High at $56.92

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

A number of research analysts have weighed in on the company. Zacks Investment Research raised Terreno Realty from a “sell” rating to a “hold” rating in a report on Sunday, November 3rd. ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, KeyCorp increased their target price on Terreno Realty from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $51.25.

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

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $42.79 million. Terreno Realty had a return on equity of 4.60% and a net margin of 38.43%. As a group, sell-side analysts expect that Terreno Realty Co. will post 1.4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Monday, December 30th.

Institutional investors and hedge funds have recently modified their holdings of the business. Eii Capital Management Inc. grew its position in shares of Terreno Realty by 3.0% during the second quarter. Eii Capital Management Inc. now owns 8,030 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 233 shares in the last quarter. Assetmark Inc. grew its position in shares of Terreno Realty by 8.9% during the second quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 330 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Terreno Realty by 4.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,227 shares of the real estate investment trust’s stock worth $829,000 after purchasing an additional 762 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Terreno Realty during the second quarter worth about $49,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Terreno Realty by 11.5% during the second quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.

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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