Terreno Realty (NYSE:TRNO) Receives Equal Weight Rating from Barclays

Terreno Realty (NYSE:TRNO)‘s stock had its “equal weight” rating reiterated by Barclays in a research report issued on Monday, MarketBeat.com reports. They currently have a $60.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $68.00. Barclays‘s target price would suggest a potential upside of 0.49% from the company’s current price.

A number of other equities analysts have also issued reports on TRNO. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a report on Monday, January 6th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Finally, Scotiabank lowered their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.50.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $59.71 on Monday. The firm’s 50-day simple moving average is $60.19 and its 200 day simple moving average is $63.98. The stock has a market cap of $5.96 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.87 and a beta of 0.90. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The company had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Equities analysts expect that Terreno Realty will post 2.41 EPS for the current year.

Hedge Funds Weigh In On Terreno Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRNO. Harbor Capital Advisors Inc. raised its stake in Terreno Realty by 20.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 29,884 shares of the real estate investment trust’s stock valued at $1,767,000 after purchasing an additional 5,015 shares during the period. Tidal Investments LLC raised its position in Terreno Realty by 15.9% during the third quarter. Tidal Investments LLC now owns 61,852 shares of the real estate investment trust’s stock valued at $4,134,000 after buying an additional 8,490 shares during the period. Geode Capital Management LLC lifted its stake in Terreno Realty by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock worth $161,423,000 after acquiring an additional 8,940 shares in the last quarter. Barclays PLC boosted its position in Terreno Realty by 131.0% during the 3rd quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after acquiring an additional 96,380 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Terreno Realty by 3.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 141,335 shares of the real estate investment trust’s stock valued at $9,445,000 after acquiring an additional 4,090 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.