Terreno Realty Co. (NYSE:TRNO) Given Average Recommendation of “Hold” by Brokerages

Terreno Realty Co. (NYSE:TRNOGet Free Report) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $67.82.

Several research firms recently commented on TRNO. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Barclays reiterated an “equal weight” rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Scotiabank lowered their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets began coverage on shares of Terreno Realty in a research report on Tuesday. They set a “market perform” rating and a $71.00 target price for the company. Finally, StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th.

Check Out Our Latest Stock Analysis on Terreno Realty

Terreno Realty Trading Up 1.1 %

NYSE TRNO opened at $65.97 on Wednesday. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 2.74 and a beta of 0.91. The business’s fifty day moving average is $61.07 and its 200-day moving average is $64.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. Terreno Realty has a one year low of $53.78 and a one year high of $71.63.

Terreno Realty (NYSE:TRNOGet Free Report) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The company had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $96.31 million. Equities research analysts predict that Terreno Realty will post 2.42 EPS for the current year.

Institutional Trading of Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank increased its holdings in shares of Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 177 shares during the period. MML Investors Services LLC increased its stake in Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 249 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Terreno Realty by 9.9% in the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 284 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Terreno Realty by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock valued at $1,860,000 after acquiring an additional 300 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Terreno Realty by 7.0% during the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 312 shares in the last quarter.

Terreno Realty Company Profile

(Get Free Report

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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