Terreno Realty (NYSE:TRNO) Lifted to “Hold” at StockNews.com

Terreno Realty (NYSE:TRNO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other brokerages also recently issued reports on TRNO. JMP Securities lifted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the company a “market outperform” rating in a report on Tuesday, August 13th. Wells Fargo & Company cut Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $71.00 to $75.00 in a report on Wednesday, August 28th. Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. BNP Paribas initiated coverage on Terreno Realty in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $68.00 price objective on the stock. Finally, Scotiabank upped their price objective on Terreno Realty from $59.00 to $70.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.56.

Terreno Realty Stock Performance

NYSE TRNO opened at $65.63 on Monday. The business has a 50-day moving average price of $68.29 and a 200-day moving average price of $62.50. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.90. Terreno Realty has a twelve month low of $50.42 and a twelve month high of $71.63. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.17). The business had revenue of $94.25 million during the quarter, compared to the consensus estimate of $89.07 million. Terreno Realty had a return on equity of 5.08% and a net margin of 45.69%. As a group, equities research analysts predict that Terreno Realty will post 2.42 EPS for the current fiscal year.

Insider Transactions at Terreno Realty

In other news, CFO Jaime Jackson Cannon sold 4,998 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the transaction, the chief financial officer now owns 101,927 shares of the company’s stock, valued at $6,970,787.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Terreno Realty news, EVP John Tull Meyer sold 6,145 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.64, for a total value of $421,792.80. Following the completion of the sale, the executive vice president now directly owns 110,988 shares in the company, valued at approximately $7,618,216.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $68.39, for a total value of $341,813.22. Following the transaction, the chief financial officer now directly owns 101,927 shares in the company, valued at approximately $6,970,787.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,643 shares of company stock worth $1,277,581. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRNO. Janney Montgomery Scott LLC raised its holdings in shares of Terreno Realty by 15.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 7,817 shares of the real estate investment trust’s stock valued at $490,000 after purchasing an additional 1,023 shares in the last quarter. UBS Group AG raised its stake in Terreno Realty by 27.4% in the fourth quarter. UBS Group AG now owns 127,707 shares of the real estate investment trust’s stock worth $8,003,000 after buying an additional 27,469 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in Terreno Realty by 377.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 25,301 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 20,004 shares during the period. KBC Group NV lifted its stake in shares of Terreno Realty by 3.2% during the 4th quarter. KBC Group NV now owns 39,606 shares of the real estate investment trust’s stock worth $2,482,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its position in Terreno Realty by 201.3% during the fourth quarter. Centersquare Investment Management LLC now owns 92,234 shares of the real estate investment trust’s stock valued at $5,780,000 after purchasing an additional 61,620 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.