Citigroup Issues Positive Forecast for Terreno Realty (NYSE:TRNO) Stock Price

Terreno Realty (NYSE:TRNO) had its target price lifted by equities researchers at Citigroup from $58.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective indicates a potential upside of 4.99% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Barclays increased their target price on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, September 15th. The Goldman Sachs Group increased their price objective on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Scotiabank raised Terreno Realty from a “sector perform” rating to a “sector outperform” rating and set a $67.00 target price for the company in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Terreno Realty in a research note on Wednesday, October 8th. Finally, KeyCorp cut their price target on Terreno Realty from $70.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, August 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

Terreno Realty Trading Down 0.0%

Shares of Terreno Realty stock traded down $0.01 on Thursday, hitting $60.96. 335,340 shares of the company’s stock traded hands, compared to its average volume of 856,155. The company has a fifty day moving average of $58.80 and a two-hundred day moving average of $57.51. Terreno Realty has a one year low of $48.18 and a one year high of $69.20. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.34. The firm had revenue of $116.25 million for the quarter, compared to analyst estimates of $114.62 million. Terreno Realty had a return on equity of 6.71% and a net margin of 59.56%. As a group, sell-side analysts expect that Terreno Realty will post 2.64 earnings per share for the current year.

Insider Buying and Selling at Terreno Realty

In related news, EVP John Tull Meyer sold 4,758 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $59.95, for a total transaction of $285,242.10. Following the transaction, the executive vice president directly owned 119,949 shares in the company, valued at approximately $7,190,942.55. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Terreno Realty

A number of hedge funds have recently modified their holdings of the stock. UBS Group AG increased its stake in shares of Terreno Realty by 108.1% in the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock worth $34,044,000 after purchasing an additional 311,559 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Terreno Realty by 7.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,804 shares of the real estate investment trust’s stock worth $1,748,000 after buying an additional 2,069 shares during the period. Mackenzie Financial Corp grew its stake in Terreno Realty by 2.8% in the 3rd quarter. Mackenzie Financial Corp now owns 7,072 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 193 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Terreno Realty in the 3rd quarter valued at approximately $156,000. Finally, Van ECK Associates Corp raised its holdings in Terreno Realty by 11.1% during the 3rd quarter. Van ECK Associates Corp now owns 53,510 shares of the real estate investment trust’s stock valued at $3,037,000 after acquiring an additional 5,334 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.