Terreno Realty (NYSE:TRNO) Raised to “Hold” at StockNews.com

Terreno Realty (NYSE:TRNO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

TRNO has been the topic of a number of other research reports. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Scotiabank lifted their price target on shares of Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. BNP Paribas began coverage on shares of Terreno Realty in a research note on Tuesday, June 4th. They set an “outperform” rating and a $68.00 price target on the stock. Finally, JMP Securities lifted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and a consensus target price of $69.56.

Terreno Realty Trading Down 0.0 %

Shares of TRNO stock traded down $0.02 during mid-day trading on Monday, reaching $66.83. The company’s stock had a trading volume of 1,221,643 shares, compared to its average volume of 613,633. The company’s 50 day simple moving average is $68.33 and its 200-day simple moving average is $62.47. Terreno Realty has a 12-month low of $50.42 and a 12-month high of $71.63. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.48 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The business had revenue of $94.25 million during the quarter, compared to analysts’ expectations of $89.07 million. On average, research analysts predict that Terreno Realty will post 2.42 EPS for the current fiscal year.

Insider Activity

In other news, EVP John Tull Meyer sold 6,145 shares of Terreno Realty stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the transaction, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at approximately $7,618,216.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, President Michael A. Coke sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.53, for a total value of $513,975.00. Following the completion of the sale, the president now directly owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Tull Meyer sold 6,145 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.64, for a total transaction of $421,792.80. Following the completion of the sale, the executive vice president now owns 110,988 shares in the company, valued at $7,618,216.32. The disclosure for this sale can be found here. In the last three months, insiders sold 18,643 shares of company stock valued at $1,277,581. Company insiders own 2.40% of the company’s stock.

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in TRNO. Campbell & CO Investment Adviser LLC lifted its position in shares of Terreno Realty by 377.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 25,301 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 20,004 shares in the last quarter. Sei Investments Co. lifted its position in Terreno Realty by 33.3% in the 1st quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust’s stock worth $25,228,000 after buying an additional 94,813 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Terreno Realty by 107.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,548 shares of the real estate investment trust’s stock worth $3,185,000 after buying an additional 25,683 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Terreno Realty by 10.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 133,856 shares of the real estate investment trust’s stock worth $8,888,000 after purchasing an additional 13,064 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Terreno Realty during the 1st quarter worth $3,450,000.

About Terreno Realty

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.