Terreno Realty Co. (NYSE:TRNO) Given Average Rating of “Hold” by Analysts

Terreno Realty Co. (NYSE:TRNO) has received an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $67.82.

TRNO has been the topic of several research reports. Barclays reissued an “equal weight” rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target for the company. BMO Capital Markets initiated coverage on Terreno Realty in a research note on Tuesday. They set a “market perform” rating and a $71.00 price objective on the stock. Scotiabank lowered their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th.

Institutional Trading of Terreno Realty

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after purchasing an additional 1,496,666 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Terreno Realty by 339.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock worth $40,842,000 after buying an additional 472,125 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Terreno Realty by 59.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock worth $70,473,000 after buying an additional 394,436 shares during the period. Bank of New York Mellon Corp boosted its position in Terreno Realty by 58.3% during the 4th quarter. Bank of New York Mellon Corp now owns 948,090 shares of the real estate investment trust’s stock valued at $56,070,000 after acquiring an additional 349,060 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after acquiring an additional 315,506 shares during the period.

Terreno Realty Trading Up 1.1 %

NYSE TRNO opened at $65.97 on Wednesday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $61.07 and its two-hundred day simple moving average is $64.08. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 2.74 and a beta of 0.91.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Research analysts forecast that Terreno Realty will post 2.42 EPS for the current fiscal year.

About Terreno Realty

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.