BMO Capital Markets Issues Positive Forecast for Terreno Realty (NYSE:TRNO) Stock Price

Terreno Realty (NYSE:TRNO - Get Free Report) had its target price raised by analysts at BMO Capital Markets from $71.00 to $73.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the real estate investment trust's stock. BMO Capital Markets' price objective would suggest a potential upside of 9.39% from the stock's current price.

TRNO has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target on the stock. Scotiabank dropped their price target on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating on the stock in a research report on Friday, October 25th. Piper Sandler dropped their price target on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Barclays reaffirmed an "equal weight" rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Terreno Realty currently has a consensus rating of "Hold" and a consensus target price of $68.45.

Terreno Realty Stock Down 0.9 %

NYSE:TRNO traded down $0.59 during midday trading on Wednesday, reaching $66.74. The company had a trading volume of 617,736 shares, compared to its average volume of 803,422. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.85 and a beta of 0.91. The stock's fifty day simple moving average is $62.24 and its 200-day simple moving average is $64.03. 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 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Terreno Realty

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Terreno Realty by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. FMR LLC lifted its position in shares of Terreno Realty by 5.9% during the fourth quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust's stock worth $663,987,000 after purchasing an additional 628,116 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Terreno Realty by 4.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust's stock valued at $304,305,000 after buying an additional 210,696 shares during the period. Geode Capital Management LLC increased its stake in Terreno Realty by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust's stock valued at $144,031,000 after purchasing an additional 19,900 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Terreno Realty by 51.6% in the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock valued at $109,150,000 after purchasing an additional 628,065 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.