Terreno Realty (NYSE:TRNO) Price Target Raised to $73.00 at BMO Capital Markets

Terreno Realty (NYSE:TRNO) had its target price increased by equities researchers at BMO Capital Markets from $71.00 to $73.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential upside of 9.68% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. Barclays reiterated an “equal weight” rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed 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 for the company. JMP Securities restated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday. Scotiabank reduced their price target on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Finally, Piper Sandler reduced their price target on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and a consensus target price of $68.45.

Terreno Realty Price Performance

Shares of Terreno Realty stock traded down $0.35 during trading hours on Wednesday, reaching $66.56. The stock had a trading volume of 71,657 shares, compared to its average volume of 861,748. The stock’s 50 day moving average is $61.68 and its 200 day moving average is $64.05. The firm has a market capitalization of $6.64 billion, a PE ratio of 34.66, a PEG ratio of 2.85 and a beta of 0.91. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share 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%. Equities analysts expect that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Terreno Realty

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Terreno Realty in the 3rd quarter valued at approximately $26,000. Assetmark Inc. grew its stake in shares of Terreno Realty by 2,381.3% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 381 shares during the period. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC grew its stake in shares of Terreno Realty by 176.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 361 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Terreno Realty by 6,580.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 987 shares during the period.

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.