Terreno Realty (NYSE:TRNO) Lowered to "Sell" at StockNews.com

Terreno Realty (NYSE:TRNO - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Thursday.

Other equities analysts also recently issued research reports about the stock. Wedbush reissued a "neutral" rating and issued a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Wells Fargo & Company lowered Terreno Realty from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $71.00 to $75.00 in a research report on Wednesday. Scotiabank raised their price objective on Terreno Realty from $59.00 to $70.00 and gave the company a "sector perform" rating in a research report on Monday. The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Finally, Barclays lowered their price target on shares of Terreno Realty from $71.00 to $68.00 and set an "overweight" rating on the stock in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $69.56.

Terreno Realty Stock Down 0.7 %

NYSE TRNO traded down $0.48 during trading on Thursday, reaching $68.10. 606,946 shares of the company's stock traded hands, compared to its average volume of 700,322. Terreno Realty has a 12-month low of $50.42 and a 12-month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 3.23 and a beta of 0.89. The company's 50 day simple moving average is $65.51 and its two-hundred day simple moving average is $61.74.

Insider Buying and Selling

In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the company's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Terreno Realty news, CFO Jaime Jackson Cannon sold 4,998 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Tull Meyer sold 6,145 shares of the 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 transaction, the executive vice president now directly owns 110,988 shares in the company, valued at $7,618,216.32. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock worth $1,277,581 in the last three months. Corporate insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On Terreno Realty

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd grew its stake in shares of Terreno Realty by 7.2% during the 1st quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust's stock worth $196,000 after purchasing an additional 197 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Terreno Realty by 5.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,546 shares of the real estate investment trust's stock valued at $348,000 after buying an additional 269 shares during the period. Amalgamated Bank increased its holdings in Terreno Realty by 9.9% in the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 284 shares in the last quarter. Caprock Group LLC raised its position in shares of Terreno Realty by 2.1% in the first quarter. Caprock Group LLC now owns 14,355 shares of the real estate investment trust's stock worth $960,000 after acquiring an additional 292 shares during the period. Finally, Creative Planning boosted its stake in shares of Terreno Realty by 7.0% during the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust's stock worth $284,000 after acquiring an additional 312 shares in 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.

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