Terreno Realty Co. (NASDAQ:TRNO)‘s stock had its “buy” rating reaffirmed by National Securities in a report issued on Monday, AnalystRatings.NET reports. They presently have a $24.50 price target on the stock. National Securities‘s price objective would indicate a potential upside of 11.31% from the company’s current price.

The analysts wrote, “$73.0mln Combined Property Acquisitions: In its fiscal fourth quarter, Terreno Realty Corporation announced that it has acquired 5 industrial properties for $73mln totaling 1.4mln square feet. Stabilized operations for the properties should yield an additional $4.179mln to TRNO’s consolidated NOI on a 5.7% weighted estimated stabilized cap rate. All told, the combined properties should yield an additional $4.179mln of net operating income and yield at least an additional $0.05 of FFO. With the current industrial REIT universe trading at a 15.45x median price to consensus FFO, the additional $0.05 of FFO should theoretically translate into an approximate additional $0.77 of share value.”

Terreno Realty (NASDAQ:TRNO) traded down 1.036% on Monday, hitting $21.782. The stock had a trading volume of 82,164 shares. The company’s 50-day moving average is $22.21 and its 200-day moving average is $21.41. Terreno Realty has a one year low of $19.20 and a one year high of $24.03. The stock has a market cap of $934.58 million and a P/E ratio of 67.646.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 14th. Stockholders of record on Thursday, December 31st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 29th. This represents a $0.72 annualized dividend and a dividend yield of 3.27%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.16.

Several other research analysts have also weighed in on TRNO. Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, October 7th. Sandler O’Neill started coverage on Terreno Realty in a research report on Monday, October 19th. They issued a “buy” rating and a $24.00 target price on the stock. Wunderlich started coverage on Terreno Realty in a research report on Monday, November 2nd. They issued a “buy” rating and a $25.00 target price on the stock. Compass Point lowered Terreno Realty from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Thursday, November 5th. Finally, Mitsubishi UFJ Financial Group Inc reaffirmed an “overweight” rating on shares of Terreno Realty in a research report on Tuesday, December 8th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $24.75.

A number of institutional investors have recently bought and sold shares of TRNO. KBC Group increased its position in Terreno Realty by 82.9% in the third quarter. KBC Group now owns 8,920 shares of the company’s stock worth $175,000 after buying an additional 4,042 shares during the period. Manning & Napier Advisors increased its position in Terreno Realty by 36.6% in the fourth quarter. Manning & Napier Advisors now owns 309,964 shares of the company’s stock worth $7,009,000 after buying an additional 83,113 shares during the period. Finally, Eagle Asset Management increased its position in Terreno Realty by 404.7% in the third quarter. Eagle Asset Management now owns 345,784 shares of the company’s stock worth $6,790,000 after buying an additional 277,275 shares during the period.

Terreno Realty Corporation (NASDAQ:TRNO) acquires, owns and operates industrial real estate located in six coastal United States markets: Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area, and Washington, D.C./Baltimore. The Company is engaged in the activities related to investing in real estate. The Company invests in several types of industrial real estate, including warehouse or distribution; flex, which include light industrial and research and development (R&D), and trans-shipment. The Company owns approximately126 buildings aggregating approximately nine million square feet and two improved land parcels, which consist of approximately three acres.

12 Month Chart for NASDAQ:TRNO

To view National Securities’ full report, visit National Securities’ official website.

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