Sandler O’Neill set a $38.00 target price on Terreno Realty (NYSE:TRNO) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on TRNO. Stifel Nicolaus reiterated a buy rating and set a $41.00 target price (up from $37.00) on shares of Terreno Realty in a report on Tuesday, November 7th. Zacks Investment Research lowered Terreno Realty from a buy rating to a hold rating in a report on Saturday, January 13th. B. Riley reiterated a neutral rating on shares of Terreno Realty in a report on Friday, November 3rd. KeyCorp reiterated a buy rating and set a $39.00 target price on shares of Terreno Realty in a report on Sunday, November 5th. Finally, Robert W. Baird reiterated a hold rating and set a $35.00 target price on shares of Terreno Realty in a report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $38.30.

Terreno Realty (TRNO) opened at $32.86 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.87 and a current ratio of 1.68. The firm has a market capitalization of $1,780.56, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.58 and a beta of 0.73. Terreno Realty has a twelve month low of $26.48 and a twelve month high of $38.54.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 28th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Tuesday, March 27th. Terreno Realty’s dividend payout ratio is 92.63%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRNO. Janus Henderson Group PLC acquired a new stake in shares of Terreno Realty in the second quarter valued at about $4,795,000. Fox Run Management L.L.C. acquired a new stake in shares of Terreno Realty in the third quarter valued at about $271,000. Eagle Asset Management Inc. increased its position in shares of Terreno Realty by 4.8% in the third quarter. Eagle Asset Management Inc. now owns 145,237 shares of the real estate investment trust’s stock valued at $5,306,000 after acquiring an additional 6,610 shares during the last quarter. 1060 Capital LLC acquired a new stake in shares of Terreno Realty in the third quarter valued at about $7,445,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Terreno Realty by 67.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,680 shares during the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

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About Terreno Realty

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 (NYSE:TRNO)

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