Terreno Realty (NYSE:TRNO) Earns Market Outperform Rating from JMP Securities

Terreno Realty (NYSE:TRNO)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $72.00 price objective on the real estate investment trust’s stock. JMP Securities’ target price points to a potential upside of 22.99% from the stock’s previous close.

TRNO has been the topic of several other reports. Barclays decreased their price objective on shares of Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. StockNews.com cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and an average target price of $69.22.

Terreno Realty Price Performance

TRNO stock opened at $58.54 on Monday. Terreno Realty has a 52-week low of $53.78 and a 52-week high of $71.63. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. The business has a fifty day moving average of $60.42 and a two-hundred day moving average of $63.98.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (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 business had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. As a group, research analysts anticipate that Terreno Realty will post 2.41 earnings per share 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 purchased a new stake in shares of Terreno Realty during the 3rd quarter worth $26,000. Assetmark Inc. raised its stake in Terreno Realty by 2,381.3% in the third quarter. Assetmark Inc. now owns 397 shares of the real estate investment trust’s stock valued at $27,000 after buying 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 about $48,000. International Assets Investment Management LLC boosted its position in shares of 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 acquiring an additional 987 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of 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 acquiring an additional 177 shares during 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.