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

Terreno Realty (NYSE:TRNO) had its price objective decreased by Barclays from $69.00 to $68.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target would indicate a potential upside of 9.36% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Wolfe Research raised Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. 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 report on Wednesday, August 28th. Mizuho reissued an “underperform” rating and issued a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and an average price target of $69.22.

Terreno Realty Stock Performance

NYSE:TRNO traded up $0.71 during mid-day trading on Monday, hitting $62.18. The company’s stock had a trading volume of 21,964 shares, compared to its average volume of 700,656. The business’s fifty day moving average is $66.96 and its two-hundred day moving average is $62.52. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 32.39, a PEG 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. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. The firm had revenue of $94.25 million for the quarter, compared to analyst estimates of $89.07 million. Analysts anticipate that Terreno Realty will post 2.41 EPS for the current fiscal year.

Insider Buying and Selling at Terreno Realty

In other Terreno Realty news, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares in the company, valued at approximately $27,560,298.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Jaime Jackson Cannon sold 4,998 shares of Terreno Realty stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $68.39, for a total value of $341,813.22. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael A. Coke sold 7,500 shares of Terreno Realty stock in a transaction on Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the transaction, the president now owns 402,164 shares in the company, valued at approximately $27,560,298.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,643 shares of company stock worth $1,277,581 over the last three months. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Terreno Realty

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in Terreno Realty by 7.2% in the first quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 197 shares during the last quarter. Amalgamated Bank lifted its holdings in Terreno Realty by 9.9% in the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 284 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Terreno Realty by 1.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after purchasing an additional 300 shares during the period. Creative Planning lifted its stake in Terreno Realty by 7.0% in the second quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 312 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Terreno Realty by 123.4% in the 1st quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 337 shares during the period.

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.