Cantor Fitzgerald Initiates Coverage on Terreno Realty (NYSE:TRNO)

Research analysts at Cantor Fitzgerald began coverage on shares of Terreno Realty (NYSE:TRNO) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm set an “overweight” rating and a $70.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 21.30% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Barclays increased their price objective on shares of Terreno Realty from $56.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, September 15th. The Goldman Sachs Group set a $64.00 price objective on shares of Terreno Realty and gave the stock a “buy” rating in a research report on Tuesday, August 12th. KeyCorp lowered their price objective on shares of Terreno Realty from $70.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. Wells Fargo & Company lowered their price objective on shares of Terreno Realty from $63.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Finally, Piper Sandler increased their price objective on shares of Terreno Realty from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $63.70.

Terreno Realty Stock Up 0.0%

Shares of TRNO stock opened at $57.71 on Wednesday. The firm has a fifty day moving average of $56.67 and a 200-day moving average of $57.42. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.20. Terreno Realty has a 12-month low of $48.18 and a 12-month high of $69.20. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.46 and a beta of 1.04.

Insider Buying and Selling

In other Terreno Realty news, President Michael A. Coke sold 10,000 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $53.96, for a total value of $539,600.00. Following the completion of the sale, the president owned 412,415 shares in the company, valued at $22,253,913.40. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Terreno Realty

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Terreno Realty by 73.3% in the second quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 189 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Terreno Realty by 304.3% in the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 350 shares during the period. Osaic Holdings Inc. raised its position in shares of Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 357 shares during the period. Jones Financial Companies Lllp raised its position in shares of 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 valued at $50,000 after purchasing an additional 378 shares during the period. Finally, CWM LLC raised its position in shares of Terreno Realty by 26.5% in the second quarter. CWM LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 245 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.