Terreno Realty Corporation (NYSE:TRNO) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

TRNO has been the subject of several other reports. KeyCorp reiterated a “buy” rating on shares of Terreno Realty Corporation in a research note on Wednesday, September 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $34.50 target price on shares of Terreno Realty Corporation in a research note on Friday, July 14th. National Securities raised their target price on shares of Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $34.00 target price on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. Finally, FBR & Co reiterated a “neutral” rating and issued a $39.00 target price on shares of Terreno Realty Corporation in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.29.

Terreno Realty Corporation (TRNO) traded down 1.25% during trading on Monday, hitting $36.35. The stock had a trading volume of 370,836 shares. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 76.69 and a beta of 0.81. The stock has a 50 day moving average price of $36.65 and a 200 day moving average price of $33.92. Terreno Realty Corporation has a 12-month low of $24.81 and a 12-month high of $37.40.

Terreno Realty Corporation (NYSE:TRNO) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The firm had revenue of $32.78 million during the quarter, compared to analyst estimates of $31.72 million. Equities research analysts forecast that Terreno Realty Corporation will post $0.64 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in TRNO. Bank of New York Mellon Corp raised its holdings in Terreno Realty Corporation by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 337,853 shares of the real estate investment trust’s stock valued at $9,460,000 after acquiring an additional 24,780 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Terreno Realty Corporation by 24.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 78,304 shares of the real estate investment trust’s stock valued at $2,193,000 after acquiring an additional 15,522 shares during the period. Karp Capital Management Corp bought a new position in Terreno Realty Corporation in the 1st quarter valued at about $265,000. Parametric Portfolio Associates LLC raised its holdings in Terreno Realty Corporation by 10.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 74,453 shares of the real estate investment trust’s stock valued at $2,085,000 after acquiring an additional 7,321 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new position in Terreno Realty Corporation in the 1st quarter valued at about $109,000. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

Terreno Realty Corporation Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Analyst Recommendations for Terreno Realty Corporation (NYSE:TRNO)

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