Analysts Set Terreno Realty Corporation (NYSE:TRNO) Price Target at $71.71

Terreno Realty Corporation (NYSE:TRNOGet Free Report) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $71.7143.

TRNO has been the topic of a number of analyst reports. Scotiabank dropped their price target on Terreno Realty from $70.00 to $68.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Robert W. Baird set a $69.00 target price on Terreno Realty in a report on Friday, May 8th. Wells Fargo & Company lowered their price target on Terreno Realty from $68.00 to $64.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Terreno Realty in a research report on Friday. Finally, Barclays upped their target price on shares of Terreno Realty from $60.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th.

Read Our Latest Report on TRNO

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRNO. EverSource Wealth Advisors LLC increased its holdings in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 189 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Terreno Realty in the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its stake in Terreno Realty by 52.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 172 shares during the period. Geneos Wealth Management Inc. lifted its stake in Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Terreno Realty during the 4th quarter valued at about $30,000.

Terreno Realty Stock Down 2.0%

NYSE:TRNO opened at $70.29 on Friday. The firm’s 50-day moving average price is $68.19 and its 200-day moving average price is $65.60. The company has a market capitalization of $7.47 billion, a PE ratio of 17.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. Terreno Realty has a 1-year low of $53.00 and a 1-year high of $78.94.

Terreno Realty (NYSE:TRNOGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.36. The company had revenue of $124.44 million during the quarter, compared to analysts’ expectations of $122.60 million. Terreno Realty had a net margin of 86.44% and a return on equity of 10.35%. On average, equities analysts predict that Terreno Realty will post 2.81 EPS for the current fiscal year.

About Terreno Realty

(Get Free Report)

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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