JMP Securities Reiterates “Market Outperform” Rating for Terreno Realty (NYSE:TRNO)

Terreno Realty (NYSE:TRNO)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a research report issued on Monday,Benzinga reports. They currently have a $72.00 price objective on the real estate investment trust’s stock. JMP Securities’ price target would suggest a potential upside of 22.78% from the stock’s current price.

Other analysts also recently issued reports about the company. Scotiabank dropped their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Wolfe Research upgraded Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Barclays reduced their price objective on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $69.22.

Terreno Realty Trading Up 2.2 %

Shares of TRNO opened at $58.64 on Monday. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The stock has a fifty day moving average of $60.48 and a two-hundred day moving average of $63.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The company has a market capitalization of $5.85 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. As a group, analysts forecast that Terreno Realty will post 2.41 EPS for the current year.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors and hedge funds have recently made changes to their positions in TRNO. V Square Quantitative Management LLC acquired a new stake in Terreno Realty in the third quarter valued at $26,000. Assetmark Inc. raised its stake in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Terreno Realty during the second quarter worth about $48,000. International Assets Investment Management LLC grew its stake in Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 987 shares in the last quarter. Finally, Huntington National Bank increased its holdings in 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 valued at $171,000 after buying an additional 177 shares during the last quarter.

Terreno Realty Company Profile

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.