Terreno Realty (NYSE:TRNO) PT Lowered to $68.00 at Barclays

Terreno Realty (NYSE:TRNO - Get Free Report) had its price objective reduced by equities research analysts at Barclays from $69.00 to $68.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. Barclays's target price would suggest a potential upside of 9.85% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Terreno Realty from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research note on Friday. Wells Fargo & Company cut Terreno Realty from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. JMP Securities increased their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a research note on Tuesday, August 13th. Finally, Mizuho restated an "underperform" rating and set a $62.00 target price on shares of Terreno Realty in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Terreno Realty currently has a consensus rating of "Hold" and an average target price of $69.22.

Terreno Realty Trading Up 0.7 %

Terreno Realty stock traded up $0.43 during mid-day trading on Monday, hitting $61.90. The company's stock had a trading volume of 534,490 shares, compared to its average volume of 703,122. The stock's fifty day moving average is $66.96 and its two-hundred day moving average is $62.53. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $5.99 billion, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.90. Terreno Realty has a 1 year low of $50.88 and a 1 year high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.17). The business had revenue of $94.25 million for the quarter, compared to analysts' expectations of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. On average, analysts anticipate that Terreno Realty will post 2.41 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the business'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 completion of the sale, the chief financial officer now owns 101,927 shares in the company, valued at approximately $6,970,787.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the firm's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.64, for a total transaction of $421,792.80. Following the transaction, the executive vice president now directly owns 110,988 shares of the company's stock, valued at approximately $7,618,216.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the company's stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.39, for a total transaction of $341,813.22. Following the completion of the sale, the chief financial officer now directly owns 101,927 shares of the company's stock, valued at $6,970,787.53. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock valued at $1,277,581 in the last ninety days. Insiders own 2.40% of the company's stock.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors have recently added to or reduced their stakes in TRNO. V Square Quantitative Management LLC acquired a new position in shares of Terreno Realty during the third quarter worth about $26,000. Whittier Trust Co. increased its position in Terreno Realty by 123.4% during the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 337 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Terreno Realty during the 2nd quarter worth approximately $48,000. EntryPoint Capital LLC lifted its holdings in shares of Terreno Realty by 80.3% in the 1st quarter. EntryPoint Capital LLC now owns 941 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 419 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Terreno Realty by 6,580.0% in the third quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 987 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.