Terreno Realty (NYSE:TRNO)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a note issued to investors on Friday, February 16th. They currently have a $37.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 6.57% from the stock’s previous close.
A number of other research firms have also recently weighed in on TRNO. National Securities upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, November 22nd. B. Riley restated a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. KeyCorp reiterated a “buy” rating and issued a $39.00 price target on shares of Terreno Realty in a research note on Sunday, November 5th. Finally, BidaskClub cut shares of Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Terreno Realty has an average rating of “Buy” and a consensus price target of $37.73.
Shares of Terreno Realty (TRNO) traded up $0.09 during trading on Friday, hitting $34.72. 328,931 shares of the stock traded hands, compared to its average volume of 343,125. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.46. Terreno Realty has a 1-year low of $26.84 and a 1-year high of $38.54. The stock has a market cap of $1,930.00, a PE ratio of 36.55, a PEG ratio of 2.90 and a beta of 0.77.
Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Terreno Realty had a net margin of 38.61% and a return on equity of 5.45%. The firm had revenue of $34.63 million for the quarter, compared to analysts’ expectations of $34.86 million. equities research analysts expect that Terreno Realty will post 1.2 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of TRNO. Nationwide Fund Advisors increased its holdings in shares of Terreno Realty by 3.7% in the 2nd quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 991 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Terreno Realty by 78.6% during the 2nd quarter. New York State Common Retirement Fund now owns 83,572 shares of the real estate investment trust’s stock valued at $2,813,000 after purchasing an additional 36,771 shares during the last quarter. Northern Trust Corp grew its holdings in Terreno Realty by 14.1% during the 2nd quarter. Northern Trust Corp now owns 868,281 shares of the real estate investment trust’s stock valued at $29,227,000 after purchasing an additional 107,080 shares during the last quarter. California Public Employees Retirement System grew its holdings in Terreno Realty by 4.0% during the 2nd quarter. California Public Employees Retirement System now owns 85,900 shares of the real estate investment trust’s stock valued at $2,891,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Terreno Realty by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 75,243 shares of the real estate investment trust’s stock valued at $2,533,000 after purchasing an additional 790 shares during the last quarter. Hedge funds and other institutional investors own 99.47% of the company’s stock.
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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.
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