Terreno Realty Co. (NYSE:TRNO) has been given a “Moderate Buy” rating from ten analysts, reports Bloomberg Ratings. The company specializes in acquiring and managing industrial properties like warehouse/distribution, flex, research, and development buildings. Founded in 2009 by Michael A. Coke and W. Blake Baird, Terreno Realty Co. is headquartered in Bellevue, WA.
Of the ten analysts covering the company, five have assigned a buy rating to the stock while two have given it a hold rating. However, one analyst has rated the stock negatively with a sell rating. In the last year of coverage, brokers tracking the company have set an average price target of $68.00 per share.
As of June 9th, 2023, Terreno Realty Co.’s shares opened at $61.36 on Friday with a market cap of $5.11 billion. The company’s debt-to-equity ratio stands at 0.31 while its quick and current ratios are both at 0.21.
The stock’s price has fluctuated over time between its fifty-two week low of $50.36 and its high of $67.03 seen in November 2022. Currently trading at a PE ratio of 23.24 and a PEG ratio of 3.17 plus a beta value of 0.83 showcasing moderate volatility levels.
Despite one analyst giving Terreno Realty Co.’s stock a negative rating, most suggest purchasing shares with an overall optimistic outlook for returns at this point in time based on broker recommendations and prior performance history by companies operating in similar sectors as well as those competing directly against TRNO in their space suggests investors may want to consider researching thoroughly before making any major investment decisions into this particular niche of real estate portfolio companies centralizing most operations around industrial real-estate holdings within North America or beyond based on global trends over time where increased transportation, industrialization focused industries and logistics networks have been pushing demand for such locations upwards in recent years.
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Terreno Realty: Mixed Opinions from Analysts but Backed by Institutional Investors
In recent news, Terreno Realty has been under close observation by analysts and investors alike. JMP Securities has restated a “market outperform” rating and issued a target price of $71.00 on shares, while BTIG Research raised their target price from $74.00 to $80.00. Contrarily, StockNews.com began coverage on Terreno Realty and rated the stock as a sell option.
Several institutional investors and hedge funds have also bought and sold shares of TRNO, including Bailard Inc., American Assets Investment Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Van ECK Associates Corp, and Copeland Capital Management LLC. These investments showcase the belief in Terreno Realty’s potential to grow in the market.
Terreno Realty also disclosed its quarterly dividend recently which will be paid on Friday, July 14th to shareholders who were recorded on Friday, June 30th. The dividend payout stands at $1.60 per year with a yield of 2.61%. At present, the payout ratio stands at 60.61%.
Terreno Realty’s growth potential has not gone unnoticed by industry experts and investors who remain steadfast in their hope that the company will continue performing well despite mixed reviews from analysts like those provided by StockNews.com. With such impressive institutional investment backing its progress, Terreno Realty remains poised for further success in the near future – no doubt an exciting prospect for both new and current investors keen on benefits associated with real estate investment trusts (REITs).