Terreno Realty (NYSE:TRNO) Earns “Market Outperform” Rating from JMP Securities

Terreno Realty (NYSE:TRNO)‘s stock had its “market outperform” rating reaffirmed by JMP Securities in a research note issued on Monday,Benzinga reports. They currently have a $72.00 target price on the real estate investment trust’s stock. JMP Securities’ price target points to a potential upside of 14.69% from the stock’s current price.

TRNO has been the subject of several other research reports. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Wells Fargo & Company downgraded shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $71.00 to $75.00 in a research report on Wednesday, August 28th. Barclays cut their target price on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, Scotiabank dropped their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. Two 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.22.

Terreno Realty Stock Down 0.7 %

Shares of Terreno Realty stock opened at $62.78 on Monday. The business has a 50-day moving average price of $61.98 and a 200 day moving average price of $63.59. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The firm has a market cap of $6.26 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.73 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

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

Institutional Trading of Terreno Realty

Large investors have recently added to or reduced their stakes in the business. CWM LLC grew its stake in shares of Terreno Realty by 58.2% in the second quarter. CWM LLC now owns 1,191 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 438 shares in the last quarter. Blue Trust Inc. grew its position in Terreno Realty by 206.9% in the 2nd quarter. Blue Trust Inc. now owns 1,777 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,198 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Terreno Realty by 1.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,731 shares of the real estate investment trust’s stock valued at $6,316,000 after buying an additional 1,268 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Terreno Realty by 11.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 32,541 shares of the real estate investment trust’s stock worth $1,940,000 after buying an additional 3,321 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Terreno Realty in the 2nd quarter worth approximately $328,000.

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.