Terreno Realty's (TRNO) Market Outperform Rating Reaffirmed at JMP Securities

Terreno Realty (NYSE:TRNO - Get Free Report)'s stock had its "market outperform" rating reissued by JMP Securities in a research note issued on Monday,Benzinga reports. They currently have a $72.00 price target on the real estate investment trust's stock. JMP Securities' price objective points to a potential upside of 22.05% from the company's previous close.

Several other research firms have also commented on TRNO. Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a report on Sunday, September 22nd. 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 report on Friday, October 25th. Barclays dropped their target price on Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. Finally, StockNews.com lowered Terreno Realty from a "hold" rating to a "sell" rating in a research report on Friday, October 11th. Two investment 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's stock. According to MarketBeat, Terreno Realty currently has an average rating of "Hold" and an average target price of $69.22.

Terreno Realty Trading Up 0.6 %

Shares of NYSE:TRNO traded up $0.35 during trading on Monday, reaching $58.99. 1,081,211 shares of the company were exchanged, compared to its average volume of 986,604. The business's fifty day simple moving average is $60.48 and its 200-day simple moving average is $63.97. 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. The firm has a market capitalization of $5.88 billion, a PE ratio of 32.41, a P/E/G ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results 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). Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. The firm had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. On average, research analysts anticipate that Terreno Realty will post 2.41 EPS for the current year.

Hedge Funds Weigh In On Terreno Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC increased its stake 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Terreno Realty by 0.4% in the 3rd 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 acquiring an additional 8,940 shares during the period. American Century Companies Inc. raised its stake in Terreno Realty by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock worth $127,287,000 after acquiring an additional 146,808 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Terreno Realty by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock valued at $115,475,000 after purchasing an additional 315,506 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Terreno Realty by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock worth $81,862,000 after purchasing an additional 103,833 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.