Terreno Realty (NYSE:TRNO) Rating Increased to Hold at StockNews.com

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

A number of other equities research analysts have also weighed in on TRNO. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. 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 objective for the company. Scotiabank raised their target price on Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Wedbush reaffirmed a “neutral” rating and set a $70.00 price target (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. Finally, Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $71.00 to $75.00 in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and an average price target of $69.56.

Terreno Realty Price Performance

Shares of Terreno Realty stock opened at $65.63 on Monday. The business’s 50-day moving average price is $68.29 and its 200-day moving average price is $62.50. The firm has a market capitalization of $6.36 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90. Terreno Realty has a 12 month low of $50.42 and a 12 month high of $71.63. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last issued its quarterly 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). The business had revenue of $94.25 million for the quarter, compared to the consensus estimate of $89.07 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. Sell-side analysts forecast that Terreno Realty will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the transaction, the chief financial officer now owns 101,927 shares in the company, valued at $6,970,787.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the sale, the president now owns 402,164 shares of the company’s stock, valued at $27,560,298.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,643 shares of company stock valued at $1,277,581. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Terreno Realty

A number of hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in Terreno Realty by 15.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,817 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 1,023 shares during the last quarter. UBS Group AG grew its stake in shares of Terreno Realty by 27.4% during the 4th quarter. UBS Group AG now owns 127,707 shares of the real estate investment trust’s stock valued at $8,003,000 after purchasing an additional 27,469 shares during the period. Campbell & CO Investment Adviser LLC increased its position in shares of Terreno Realty by 377.6% during 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 purchasing an additional 20,004 shares during the last quarter. KBC Group NV boosted its holdings in shares of Terreno Realty by 3.2% in the fourth quarter. KBC Group NV now owns 39,606 shares of the real estate investment trust’s stock worth $2,482,000 after buying an additional 1,246 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its position in Terreno Realty by 201.3% during the fourth quarter. Centersquare Investment Management LLC now owns 92,234 shares of the real estate investment trust’s stock valued at $5,780,000 after buying an additional 61,620 shares during the period.

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.