Terreno Realty Co. (NYSE:TRNO) was the target of a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 1,073,041 shares, a growth of 36.0% from the December 15th total of 789,237 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 375,678 shares, the days-to-cover ratio is presently 2.9 days.
Terreno Realty (NYSE:TRNO) opened at $34.56 on Wednesday. Terreno Realty has a one year low of $26.30 and a one year high of $38.54. The firm has a market capitalization of $1,861.84, a P/E ratio of 44.88, a P/E/G ratio of 2.77 and a beta of 0.79. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.47.
Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.10. Terreno Realty had a return on equity of 4.83% and a net margin of 33.00%. equities analysts predict that Terreno Realty will post 1.1 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new position in Terreno Realty during the second quarter worth $4,795,000. Fox Run Management L.L.C. purchased a new position in Terreno Realty during the third quarter worth $271,000. Eagle Asset Management Inc. increased its position in Terreno Realty by 4.8% during the third quarter. Eagle Asset Management Inc. now owns 145,237 shares of the real estate investment trust’s stock worth $5,306,000 after buying an additional 6,610 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Terreno Realty by 67.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,680 shares in the last quarter. Finally, 1060 Capital LLC purchased a new position in Terreno Realty during the third quarter worth $7,445,000. 98.74% of the stock is owned by institutional investors.
TRNO has been the subject of several recent analyst reports. BTIG Research reissued a “buy” rating and issued a $39.00 price target (up from $35.00) on shares of Terreno Realty in a report on Wednesday, September 27th. FBR & Co reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of Terreno Realty in a research note on Tuesday, October 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Terreno Realty in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $41.00 price objective (up from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded Terreno Realty from a “buy” rating to a “hold” rating in a research note on Saturday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $38.40.
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.
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