Terreno Realty Corporation (NYSE:TRNO)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a report issued on Friday. They presently have a $34.50 price target on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.17% from the company’s current price.

TRNO has been the topic of a number of other reports. National Securities reiterated a “buy” rating and set a $29.00 target price (up from $28.00) on shares of Terreno Realty Corporation in a research report on Monday, March 20th. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 target price (up from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Zacks Investment Research downgraded Terreno Realty Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Finally, Wunderlich boosted their target price on Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $31.06.

Terreno Realty Corporation (NYSE:TRNO) opened at 33.12 on Friday. The firm has a 50-day moving average price of $32.75 and a 200-day moving average price of $29.49. Terreno Realty Corporation has a one year low of $24.81 and a one year high of $34.00. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 154.05 and a beta of 0.82.

Terreno Realty Corporation (NYSE:TRNO) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.17. The firm had revenue of $31.44 million for the quarter, compared to analysts’ expectations of $30.76 million. Terreno Realty Corporation had a return on equity of 1.64% and a net margin of 11.02%. On average, equities analysts predict that Terreno Realty Corporation will post $0.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.42%.

ILLEGAL ACTIVITY WARNING: This story was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/07/16/stifel-nicolaus-reaffirms-buy-rating-for-terreno-realty-corporation-trno.html.

Hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY increased its stake in shares of Terreno Realty Corporation by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 33,808 shares of the real estate investment trust’s stock valued at $963,000 after buying an additional 117 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Terreno Realty Corporation by 0.9% in the first quarter. Stifel Financial Corp now owns 13,548 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 123 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Terreno Realty Corporation by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 282 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Terreno Realty Corporation by 0.4% in the first quarter. Alliancebernstein L.P. now owns 84,472 shares of the real estate investment trust’s stock valued at $2,365,000 after buying an additional 310 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Terreno Realty Corporation by 0.4% in the first quarter. Fifth Third Bancorp now owns 81,040 shares of the real estate investment trust’s stock valued at $2,269,000 after buying an additional 363 shares in the last quarter.

Terreno Realty Corporation Company Profile

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 Corporation (NYSE:TRNO)

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