B. Riley Reiterates $36.00 Price Target for Terreno Realty (TRNO)

Terreno Realty (NYSE:TRNO) has been assigned a $36.00 target price by research analysts at B. Riley in a research note issued on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 9.72% from the stock’s current price.

TRNO has been the subject of several other reports. National Securities raised shares of Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, November 22nd. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, January 11th. BidaskClub lowered shares of Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Robert W. Baird reissued a “hold” rating and set a $35.00 target price on shares of Terreno Realty in a research note on Tuesday, January 9th. Finally, DA Davidson restated a “buy” rating on shares of Terreno Realty in a report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.09.

Terreno Realty (TRNO) traded down $0.05 during mid-day trading on Monday, reaching $32.81. 519,798 shares of the company traded hands, compared to its average volume of 303,276. Terreno Realty has a fifty-two week low of $26.48 and a fifty-two week high of $38.54. The firm has a market capitalization of $1,822.72, a price-to-earnings ratio of 29.87, a PEG ratio of 2.67 and a beta of 0.73. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46.

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Terreno Realty by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 398 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of 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 valued at $151,000 after acquiring an additional 1,680 shares during the period. Cavalier Investments LLC acquired a new stake in shares of Terreno Realty during the third quarter valued at approximately $206,000. Amalgamated Bank acquired a new stake in shares of Terreno Realty during the second quarter valued at approximately $210,000. Finally, Sei Investments Co. raised its holdings in shares of Terreno Realty by 33,325.0% during the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 6,665 shares during the period. Institutional investors and hedge funds own 99.13% of the company’s stock.

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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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