Terreno Realty Corporation (NYSE:TRNO) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday, July 25th.
A number of other research analysts have also recently commented on TRNO. Jefferies Group LLC reiterated a “hold” rating and set a $29.00 price target on shares of Terreno Realty Corporation in a research report on Monday, April 17th. Zacks Investment Research cut shares of Terreno Realty Corporation from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Stifel Nicolaus raised their target price on shares of Terreno Realty Corporation from $29.00 to $34.50 and gave the stock a “buy” rating in a report on Friday, May 5th. Wunderlich raised their target price on shares of Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, May 8th. Finally, National Securities cut shares of Terreno Realty Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $29.00 to $33.00 in a report on Thursday, May 11th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.81.
Shares of Terreno Realty Corporation (NYSE TRNO) traded up 0.40% during midday trading on Tuesday, hitting $34.80. 384,316 shares of the company traded hands. The stock has a 50 day moving average of $33.48 and a 200-day moving average of $30.35. Terreno Realty Corporation has a 52 week low of $24.81 and a 52 week high of $34.92. The stock has a market capitalization of $1.82 billion, a PE ratio of 73.26 and a beta of 0.83.
Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The business had revenue of $32.78 million for the quarter, compared to the consensus estimate of $31.72 million. Equities analysts forecast that Terreno Realty Corporation will post $0.43 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in Terreno Realty Corporation by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 282 shares during the period. Bank of New York Mellon Corp boosted its stake in Terreno Realty Corporation by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 337,853 shares of the real estate investment trust’s stock valued at $9,460,000 after buying an additional 24,780 shares during the period. New Mexico Educational Retirement Board boosted its stake in Terreno Realty Corporation by 11.9% in the first quarter. New Mexico Educational Retirement Board now owns 6,600 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 700 shares during the period. Daiwa Securities Group Inc. boosted its stake in Terreno Realty Corporation by 37.0% in the first quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 1,000 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Terreno Realty Corporation by 2,018.8% in the first quarter. ProShare Advisors LLC now owns 153,803 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 146,544 shares during the period.
Terreno Realty Corporation Company Profile
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
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