Robert W. Baird Reiterates $34.00 Price Target for Terreno Realty (TRNO)

Terreno Realty (NYSE:TRNO) has been given a $34.00 price target by Robert W. Baird in a report released on Thursday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 3.47% from the company’s previous close.

Several other research firms have also weighed in on TRNO. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, November 22nd. B. Riley reissued a “neutral” rating on shares of Terreno Realty in a report on Friday, November 3rd. Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. Finally, KeyCorp reaffirmed a “buy” rating and set a $39.00 price objective on shares of Terreno Realty in a research note on Sunday, November 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $38.30.

Terreno Realty (NYSE TRNO) traded up $0.70 during trading on Thursday, reaching $32.86. The company’s stock had a trading volume of 455,630 shares, compared to its average volume of 288,772. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 4.87. The firm has a market capitalization of $1,780.56, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.58 and a beta of 0.73. Terreno Realty has a 12 month low of $26.48 and a 12 month high of $38.54.

Large investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. boosted its stake in Terreno Realty by 67.2% in the 3rd 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 during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Terreno Realty by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 398 shares during the last quarter. Cavalier Investments LLC acquired a new stake in Terreno Realty in the 3rd quarter worth about $206,000. Amalgamated Bank acquired a new stake in Terreno Realty in the 2nd quarter worth about $210,000. Finally, Sei Investments Co. boosted its stake in Terreno Realty by 33,325.0% in the 3rd quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 6,665 shares during the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

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About Terreno Realty

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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