Terreno Realty’s (TRNO) “Market Outperform” Rating Reaffirmed at JMP Securities

Terreno Realty (NYSE:TRNO)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a report issued on Monday,Benzinga reports. They currently have a $72.00 price objective on the real estate investment trust’s stock. JMP Securities’ price target would indicate a potential upside of 22.99% from the company’s current price.

Other research analysts also recently issued reports about the company. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Barclays dropped their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Scotiabank reduced their target price on shares of 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, Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.22.

Terreno Realty Stock Down 0.6 %

TRNO stock opened at $58.54 on Monday. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. The company has a fifty day moving average price of $60.42 and a 200 day moving average price of $63.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. Terreno Realty has a 12 month low of $53.78 and a 12 month high of $71.63.

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

Hedge Funds Weigh In On Terreno Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its stake in shares of Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 177 shares during the last quarter. MML Investors Services LLC increased its holdings in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock valued at $291,000 after acquiring an additional 249 shares in the last quarter. Amalgamated Bank raised its position in Terreno Realty by 9.9% during the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 284 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Terreno Realty by 1.1% in the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock valued at $1,860,000 after purchasing an additional 300 shares during the last quarter. Finally, Creative Planning grew its position in shares of Terreno Realty by 7.0% in the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 312 shares during the last quarter.

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.