Terreno Realty (NYSE:TRNO) Now Covered by BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of Terreno Realty (NYSE:TRNO - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a "market perform" rating and a $71.00 price target on the real estate investment trust's stock. BMO Capital Markets' target price would suggest a potential upside of 5.43% from the company's current price.

Other equities analysts have also issued reports about the company. JMP Securities reissued a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a report on Monday, January 6th. Scotiabank lowered their target price on shares of Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a report on Friday, October 25th. StockNews.com lowered Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Barclays reiterated an "equal weight" rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Terreno Realty presently has a consensus rating of "Hold" and an average target price of $68.27.

Terreno Realty Stock Down 0.5 %

Shares of NYSE:TRNO traded down $0.32 during mid-day trading on Tuesday, hitting $67.35. 1,503,829 shares of the company traded hands, compared to its average volume of 883,445. The stock has a market cap of $6.72 billion, a P/E ratio of 37.00, a P/E/G ratio of 2.74 and a beta of 0.91. The stock has a 50-day moving average price of $61.42 and a two-hundred day moving average price of $64.12. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. On average, equities research analysts forecast that Terreno Realty will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On Terreno Realty

Several large investors have recently made changes to their positions in the business. FMR LLC grew its position in Terreno Realty by 16.4% during the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after purchasing an additional 1,496,666 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Terreno Realty by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock valued at $161,423,000 after buying an additional 8,940 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Terreno Realty by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after acquiring an additional 110,610 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Terreno Realty by 7.1% in the 4th quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust's stock worth $71,509,000 after acquiring an additional 79,701 shares during the last quarter. Finally, Tandem Investment Advisors Inc. lifted its position in Terreno Realty by 5.1% in the 4th quarter. Tandem Investment Advisors Inc. now owns 1,081,224 shares of the real estate investment trust's stock valued at $63,944,000 after acquiring an additional 52,785 shares in 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.