Terreno Realty (NYSE:TRNO) Downgraded to “C+” at TheStreet

Terreno Realty (NYSE:TRNOGet Rating) was downgraded by investment analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

TRNO has been the subject of a number of other research reports. StockNews.com began coverage on Terreno Realty in a report on Thursday, March 31st. They set a “hold” rating for the company. JMP Securities began coverage on shares of Terreno Realty in a report on Wednesday. They issued an “outperform” rating and a $75.00 target price for the company. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, April 13th. Finally, Mizuho lowered their price objective on shares of Terreno Realty from $76.00 to $64.00 and set a “na” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $78.38.

Shares of Terreno Realty stock opened at $60.05 on Thursday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 48.04 and a beta of 0.69. Terreno Realty has a twelve month low of $58.96 and a twelve month high of $86.00. The company has a 50-day simple moving average of $71.54 and a two-hundred day simple moving average of $74.11.

Terreno Realty (NYSE:TRNOGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Terreno Realty had a net margin of 38.50% and a return on equity of 4.79%. On average, sell-side analysts anticipate that Terreno Realty will post 1.96 earnings per share for the current fiscal year.

In other Terreno Realty news, CEO W Blake Baird purchased 1,000 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $64.00 per share, with a total value of $64,000.00. Following the completion of the purchase, the chief executive officer now owns 588,376 shares of the company’s stock, valued at $37,656,064. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. DigitalBridge Group Inc. grew its position in shares of Terreno Realty by 3,411.0% in the 1st quarter. DigitalBridge Group Inc. now owns 6,073,950 shares of the real estate investment trust’s stock valued at $22,438,000 after buying an additional 5,900,950 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Terreno Realty by 16.1% in the fourth quarter. BlackRock Inc. now owns 7,624,334 shares of the real estate investment trust’s stock worth $650,281,000 after acquiring an additional 1,055,430 shares during the period. Norges Bank bought a new stake in Terreno Realty in the fourth quarter valued at approximately $62,179,000. Goldman Sachs Group Inc. increased its position in Terreno Realty by 41.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,186,272 shares of the real estate investment trust’s stock valued at $186,466,000 after purchasing an additional 637,530 shares during the period. Finally, State Street Corp raised its holdings in Terreno Realty by 18.7% during the 1st quarter. State Street Corp now owns 3,642,466 shares of the real estate investment trust’s stock worth $270,935,000 after purchasing an additional 574,544 shares during the last quarter.

Terreno Realty Company Profile (Get Rating)

Terreno Realty Corporation 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 condensed notes to the consolidated financial statements are unaudited.

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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