Deutsche Bank Aktiengesellschaft Initiates Coverage on Terreno Realty (NYSE:TRNO)

Equities research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Terreno Realty (NYSE:TRNO) in a report issued on Tuesday, Marketbeat.com reports. The firm set a “hold” rating and a $60.00 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 0.42% from the company’s current price.

TRNO has been the subject of a number of other research reports. Scotiabank decreased their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. JMP Securities reissued a “market outperform” rating and set a $72.00 target price on shares of Terreno Realty in a research note on Monday, January 6th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Finally, Barclays reissued an “equal weight” rating and issued a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.50.

Terreno Realty Stock Performance

Shares of Terreno Realty stock opened at $59.75 on Tuesday. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 2.41 and a beta of 0.90. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The company’s fifty day moving average is $60.19 and its 200 day moving average is $63.95. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20.

Terreno Realty (NYSE:TRNO) last released 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). The company had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. Sell-side analysts forecast that Terreno Realty will post 2.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRNO. V Square Quantitative Management LLC acquired a new stake in Terreno Realty in the third quarter valued at approximately $26,000. Assetmark Inc. raised its position in shares of Terreno Realty by 2,381.3% during the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 381 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Terreno Realty by 6,580.0% in 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 purchasing an additional 987 shares in the last quarter. Huntington National Bank grew its position in Terreno Realty by 7.4% in the 3rd quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares during the period. Finally, Amalgamated Bank increased its stake in Terreno Realty by 9.9% during the 2nd quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 284 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.