Barclays Reaffirms Equal Weight Rating for Terreno Realty (NYSE:TRNO)

Terreno Realty (NYSE:TRNO)‘s stock had its “equal weight” rating reiterated by Barclays in a research report issued on Monday, MarketBeat reports. They currently have a $60.00 target price on the real estate investment trust’s stock, down from their previous target price of $68.00. Barclays‘s price objective would suggest a potential upside of 3.36% from the stock’s previous close.

TRNO has been the subject of a number of other research reports. JMP Securities reaffirmed a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a research report on Monday, January 6th. Wolfe Research raised Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Scotiabank decreased their price objective on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and an average target price of $68.33.

Terreno Realty Stock Performance

Shares of TRNO opened at $58.05 on Monday. The stock has a 50-day moving average of $60.25 and a two-hundred day moving average of $63.98. Terreno Realty has a one year low of $53.78 and a one year high of $71.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market cap of $5.79 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS 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 firm had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, research analysts predict that Terreno Realty will post 2.41 EPS for the current year.

Hedge Funds Weigh In On Terreno Realty

Several institutional investors and hedge funds have recently modified their holdings of TRNO. V Square Quantitative Management LLC purchased a new position in shares of Terreno Realty in the 3rd quarter valued at about $26,000. Assetmark Inc. increased 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 purchasing an additional 381 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Terreno Realty during the 2nd quarter worth approximately $48,000. International Assets Investment Management LLC increased its stake in Terreno Realty by 6,580.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,002 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 987 shares in the last quarter. Finally, Huntington National Bank increased its stake in Terreno Realty by 7.4% during the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 177 shares in the last quarter.

About Terreno Realty

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.