Terreno Realty (NYSE:TRNO) received a $40.00 price objective from equities research analysts at Sandler O’Neill in a research note issued on Friday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Sandler O’Neill’s price target points to a potential upside of 17.20% from the stock’s current price.

Several other analysts also recently weighed in on TRNO. Robert W. Baird reiterated a “hold” rating and set a $35.00 target price on shares of Terreno Realty in a research report on Tuesday. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday. BTIG Research restated a “buy” rating and set a $39.00 price target (up previously from $35.00) on shares of Terreno Realty in a research note on Wednesday, September 27th. FBR & Co restated a “neutral” rating and set a $39.00 price target on shares of Terreno Realty in a research note on Tuesday, October 3rd. Finally, Jefferies Group restated a “hold” rating and set a $34.00 price target on shares of Terreno Realty in a research note on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $38.40.

Terreno Realty (TRNO) traded down $0.20 during trading hours on Friday, hitting $34.13. The stock had a trading volume of 275,148 shares, compared to its average volume of 320,851. Terreno Realty has a fifty-two week low of $26.30 and a fifty-two week high of $38.54. The company has a market capitalization of $1,872.76, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 2.78 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87.

Several institutional investors have recently made changes to their positions in the company. Eii Capital Management Inc. purchased a new position in shares of Terreno Realty during the third quarter valued at $820,000. California Public Employees Retirement System grew its stake in Terreno Realty by 16.1% in the third quarter. California Public Employees Retirement System now owns 99,716 shares of the real estate investment trust’s stock valued at $3,608,000 after purchasing an additional 13,816 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Terreno Realty in the third quarter valued at about $1,552,000. Chevy Chase Trust Holdings Inc. grew its stake in Terreno Realty by 142.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 900,290 shares of the real estate investment trust’s stock valued at $32,573,000 after purchasing an additional 529,465 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. grew its stake in Terreno Realty by 2.1% in the third quarter. Uniplan Investment Counsel Inc. now owns 1,291,133 shares of the real estate investment trust’s stock valued at $46,713,000 after purchasing an additional 27,081 shares during the last quarter. Hedge funds and other institutional investors own 98.74% of the company’s stock.

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Terreno Realty 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 (NYSE:TRNO)

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