Terreno Realty (NYSE:TRNO) Price Target Lowered to $57.00 at Barclays

Terreno Realty (NYSE:TRNO) had its price objective cut by research analysts at Barclays from $60.00 to $57.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective suggests a potential downside of 10.82% from the stock’s previous close.

TRNO has been the topic of several other research reports. JMP Securities reissued a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on Terreno Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $60.00 target price on the stock. BMO Capital Markets upped their target price on shares of Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, February 12th. Scotiabank lifted their target price on Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, February 28th. Finally, Piper Sandler dropped their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $69.09.

Terreno Realty Stock Up 1.4 %

Shares of Terreno Realty stock opened at $63.92 on Tuesday. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The stock has a 50 day moving average price of $66.04 and a two-hundred day moving average price of $63.71. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.38 billion, a P/E ratio of 33.29, a PEG ratio of 2.82 and a beta of 0.93.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. Equities analysts expect that Terreno Realty will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On Terreno Realty

Institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC grew its position in shares of Terreno Realty by 4.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,624 shares of the real estate investment trust’s stock worth $1,579,000 after purchasing an additional 995 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Terreno Realty during the third quarter valued at about $1,397,000. Charles Schwab Investment Management Inc. increased its position in Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock valued at $115,475,000 after acquiring an additional 315,506 shares during the period. Citigroup Inc. lifted its holdings in Terreno Realty by 48.5% during the 3rd quarter. Citigroup Inc. now owns 103,289 shares of the real estate investment trust’s stock worth $6,903,000 after buying an additional 33,743 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Terreno Realty by 5.3% in the third quarter. The Manufacturers Life Insurance Company now owns 70,103 shares of the real estate investment trust’s stock valued at $4,685,000 after acquiring an additional 3,519 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.