Terreno Realty (NYSE:TRNO - Get Free Report) had its price objective dropped by Scotiabank from $68.00 to $57.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price indicates a potential upside of 4.47% from the stock's previous close.
Other equities analysts have also recently issued research reports about the stock. Barclays cut their target price on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 target price on shares of Terreno Realty in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target for the company. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and increased their price objective for the company from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, Piper Sandler downgraded shares of Terreno Realty from an "overweight" rating to a "neutral" rating and cut their target price for the company from $78.00 to $61.00 in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $66.55.
View Our Latest Stock Analysis on TRNO
Terreno Realty Price Performance
Shares of NYSE:TRNO traded up $0.60 during trading on Monday, hitting $54.56. 1,145,273 shares of the stock were exchanged, compared to its average volume of 897,974. The company has a market cap of $5.62 billion, a PE ratio of 28.42, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $64.12 and a two-hundred day moving average price of $62.66. Terreno Realty has a 12-month low of $48.18 and a 12-month high of $71.63.
Terreno Realty (NYSE:TRNO - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, analysts forecast that Terreno Realty will post 2.64 EPS for the current year.
Hedge Funds Weigh In On Terreno Realty
A number of hedge funds have recently made changes to their positions in TRNO. Manchester Capital Management LLC acquired a new stake in Terreno Realty during the 4th quarter worth approximately $27,000. Steward Partners Investment Advisory LLC increased its position in shares of Terreno Realty by 176.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 361 shares in the last quarter. Quarry LP raised its stake in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 626 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Terreno Realty by 94.6% during the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 370 shares in the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in Terreno Realty during the 4th quarter worth $71,000.
Terreno Realty Company Profile
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Get Free Report)
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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