Terreno Realty (NYSE:TRNO - Get Free Report) had its price objective boosted by equities research analysts at Scotiabank from $64.00 to $68.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price target suggests a potential upside of 0.31% from the stock's previous close.
Other analysts have also issued reports about the stock. The Goldman Sachs Group raised shares of Terreno Realty from a "neutral" rating to a "buy" rating and upped their price target for the stock from $65.00 to $77.00 in a research report on Friday, February 21st. Barclays reaffirmed an "equal weight" rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. BMO Capital Markets upped their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 price target on the stock. Finally, Piper Sandler dropped their price target on shares of Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Terreno Realty currently has an average rating of "Hold" and a consensus target price of $69.36.
Check Out Our Latest Report on TRNO
Shares of TRNO stock traded down $0.07 during trading on Friday, reaching $67.79. The company's stock had a trading volume of 1,459,986 shares, compared to its average volume of 878,320. The business has a fifty day moving average price of $63.20 and a 200-day moving average price of $64.04. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.91. Terreno Realty has a one year low of $53.78 and a one year high of $71.63.
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, topping 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%. Analysts anticipate that Terreno Realty will post 2.64 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of TRNO. FMR LLC grew its stake in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after acquiring an additional 1,496,666 shares in the last quarter. Vanguard Group Inc. grew its stake in Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after buying an additional 1,484,301 shares in the last quarter. Deutsche Bank AG grew its stake in Terreno Realty by 287.6% during the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock worth $91,454,000 after buying an additional 1,147,404 shares in the last quarter. Norges Bank acquired a new stake in Terreno Realty during the fourth quarter worth about $58,818,000. Finally, Northern Trust Corp grew its stake in Terreno Realty by 51.6% during the fourth quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after buying an additional 628,065 shares in the last quarter.
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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