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

Terreno Realty (NYSE:TRNO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

TRNO has been the topic of several other reports. Piper Sandler cut their target price on Terreno Realty from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on Terreno Realty from $67.00 to $63.00 and set an “equal weight” rating on the stock in a report on Monday. Barclays decreased their target price on Terreno Realty from $60.00 to $57.00 and set an “equal weight” rating for the company in a report on Tuesday, March 25th. BMO Capital Markets raised their price target on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Finally, 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, February 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty has a consensus rating of “Hold” and a consensus target price of $65.36.

Terreno Realty Stock Performance

Terreno Realty stock opened at $58.49 on Tuesday. The stock has a fifty day moving average price of $58.83 and a 200 day moving average price of $61.42. Terreno Realty has a 52 week low of $48.18 and a 52 week high of $71.63. The firm has a market capitalization of $6.04 billion, a P/E ratio of 30.46, a PEG ratio of 2.82 and a beta of 1.07. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24.

Institutional Trading of Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of TRNO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Terreno Realty by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 670,135 shares of the real estate investment trust’s stock worth $42,366,000 after acquiring an additional 24,572 shares in the last quarter. United Services Automobile Association bought a new position in Terreno Realty during the first quarter worth $407,000. Jones Financial Companies Lllp boosted its holdings in Terreno Realty by 90.2% in the first quarter. Jones Financial Companies Lllp now owns 797 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 378 shares during the period. UniSuper Management Pty Ltd increased its stake in Terreno Realty by 3.7% during the first quarter. UniSuper Management Pty Ltd now owns 27,700 shares of the real estate investment trust’s stock valued at $1,751,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Resolution Capital Ltd raised its holdings in shares of Terreno Realty by 13.6% during the first quarter. Resolution Capital Ltd now owns 1,610,253 shares of the real estate investment trust’s stock worth $101,800,000 after purchasing an additional 192,268 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.