Terreno Realty (NYSE:TRNO) Downgraded by StockNews.com

Terreno Realty (NYSE:TRNO) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

TRNO has been the topic of a number of other research reports. Scotiabank boosted their target price on shares of Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. The Goldman Sachs Group boosted their target price on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. JMP Securities upped their price target on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 13th. Finally, Wedbush reissued a “neutral” rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Terreno Realty has a consensus rating of “Hold” and an average price target of $69.56.

Terreno Realty Trading Up 1.2 %

TRNO stock traded up $0.72 during midday trading on Friday, hitting $63.30. The stock had a trading volume of 854,209 shares, compared to its average volume of 704,558. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $67.71 and a two-hundred day moving average price of $62.57. Terreno Realty has a 1-year low of $50.42 and a 1-year high of $71.63. The firm has a market cap of $6.13 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 2.91 and a beta of 0.90.

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

Insider Buying and Selling

In other news, EVP John Tull Meyer sold 6,145 shares of the company’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 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 $7,618,216.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP John Tull Meyer sold 6,145 shares of the business’s 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 transaction, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at approximately $7,618,216.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares of the company’s stock, valued at $6,970,787.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,643 shares of company stock worth $1,277,581. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of TRNO. Sei Investments Co. increased its stake in shares of Terreno Realty by 33.3% in the first quarter. Sei Investments Co. now owns 379,938 shares of the real estate investment trust’s stock worth $25,228,000 after purchasing an additional 94,813 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake 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 valued at $3,185,000 after buying an additional 25,683 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in 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 valued at $8,888,000 after acquiring an additional 13,064 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Terreno Realty during the first quarter worth $3,450,000. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Terreno Realty by 9.5% in the fourth quarter. Congress Asset Management Co. MA now owns 195,317 shares of the real estate investment trust’s stock worth $12,241,000 after acquiring an additional 16,999 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.