Scotiabank Lowers Terreno Realty (NYSE:TRNO) Price Target to $67.00

Terreno Realty (NYSE:TRNO) had its target price lowered by analysts at Scotiabank from $70.00 to $67.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target indicates a potential upside of 9.00% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Mizuho reaffirmed an “underperform” rating and set a $62.00 price target on shares of Terreno Realty in a research note on Thursday, September 5th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. JMP Securities upped their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $70.00 target price (up from $57.00) on shares of Terreno Realty in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Trading Down 2.9 %

NYSE TRNO opened at $61.47 on Friday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 32.02, a P/E/G ratio of 2.92 and a beta of 0.90. The business has a 50 day simple moving average of $66.96 and a 200 day simple moving average of $62.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. Terreno Realty has a one year low of $50.65 and a one year high of $71.63.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data 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). The company had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. Research analysts expect that Terreno Realty will post 2.41 earnings per share for the current year.

Insider Activity at Terreno Realty

In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the company’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 completion of the sale, the executive vice president now directly owns 110,988 shares of the company’s stock, valued at approximately $7,618,216.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the business’s stock in a transaction 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 transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael A. Coke sold 7,500 shares of the firm’s stock in a transaction 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 sale, the president now directly owns 402,164 shares of the company’s stock, valued at approximately $27,560,298.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,643 shares of company stock valued at $1,277,581 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Terreno Realty

Hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty during the 3rd quarter worth approximately $26,000. Whittier Trust Co. raised its stake in shares of Terreno Realty by 123.4% in the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 337 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Terreno Realty in the second quarter valued at $48,000. EntryPoint Capital LLC grew its stake in shares of Terreno Realty by 80.3% during the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 419 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 987 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.