Terreno Realty (NYSE:TRNO - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a report released on Friday, MarketBeat.com reports. The brokerage presently has a $77.00 price target on the real estate investment trust's stock, up from their prior price target of $65.00. The Goldman Sachs Group's price target suggests a potential upside of 14.49% from the company's current price.
Several other equities analysts have also commented on the stock. JMP Securities reiterated a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $60.00 price target for the company. Piper Sandler dropped their price objective on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. BMO Capital Markets boosted their target price on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. Finally, Barclays restated an "equal weight" rating and set a $60.00 price target (down previously from $68.00) on shares of Terreno Realty in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of "Hold" and an average price target of $69.27.
Check Out Our Latest Analysis on Terreno Realty
Terreno Realty Stock Up 0.4 %
Shares of TRNO stock traded up $0.26 during trading hours on Friday, reaching $67.26. 610,701 shares of the stock were exchanged, compared to its average volume of 863,061. The business's fifty day moving average is $62.76 and its two-hundred day moving average is $64.00. The firm has a market capitalization of $6.71 billion, a P/E ratio of 35.03, a P/E/G ratio of 2.82 and a beta of 0.91. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 0.23.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%. As a group, research analysts expect that Terreno Realty will post 2.64 EPS for the current fiscal year.
Institutional Investors Weigh In On Terreno Realty
A number of hedge funds and other institutional investors have recently bought and sold shares of TRNO. Mariner LLC boosted its position in Terreno Realty by 3.7% during the fourth quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 161 shares in the last quarter. Huntington National Bank grew its stake in Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 177 shares during the last quarter. MML Investors Services LLC increased its holdings in Terreno Realty by 6.1% during the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust's stock valued at $291,000 after acquiring an additional 249 shares in the last quarter. First Trust Advisors LP raised its position in Terreno Realty by 0.9% during the fourth quarter. First Trust Advisors LP now owns 30,612 shares of the real estate investment trust's stock worth $1,810,000 after acquiring an additional 271 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Terreno Realty by 1.0% in the fourth quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust's stock valued at $1,663,000 after purchasing an additional 276 shares in the last quarter.
About Terreno Realty
(
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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