Analysts Set Terreno Realty Co. (TRNO) PT at $37.50
Terreno Realty Co. (NYSE:TRNO) has received a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $37.50.
Several brokerages have issued reports on TRNO. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, November 22nd. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, January 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Terreno Realty in a research note on Tuesday, January 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Terreno Realty in a research note on Friday, February 16th. Finally, Sandler O’Neill set a $40.00 price objective on Terreno Realty and gave the stock a “buy” rating in a research note on Friday, January 12th.
Shares of Terreno Realty (NYSE:TRNO) traded up $0.50 during trading hours on Wednesday, reaching $34.16. The company’s stock had a trading volume of 338,382 shares, compared to its average volume of 320,959. The stock has a market capitalization of $1,867.09, a PE ratio of 30.60, a price-to-earnings-growth ratio of 2.80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 1.68. Terreno Realty has a fifty-two week low of $26.48 and a fifty-two week high of $38.54.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Terreno Realty by 5.2% during the 4th quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock valued at $223,293,000 after purchasing an additional 312,221 shares during the period. Schroder Investment Management Group raised its stake in Terreno Realty by 3.2% during the 4th quarter. Schroder Investment Management Group now owns 1,557,469 shares of the real estate investment trust’s stock valued at $54,604,000 after purchasing an additional 48,650 shares during the period. Uniplan Investment Counsel Inc. raised its stake in Terreno Realty by 2.1% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,291,133 shares of the real estate investment trust’s stock valued at $46,713,000 after purchasing an additional 27,081 shares during the period. State Street Corp raised its stake in Terreno Realty by 9.4% during the 2nd quarter. State Street Corp now owns 1,103,584 shares of the real estate investment trust’s stock valued at $37,145,000 after purchasing an additional 94,751 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in Terreno Realty by 7.4% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 966,501 shares of the real estate investment trust’s stock valued at $33,886,000 after purchasing an additional 66,211 shares during the period. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
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About Terreno Realty
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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