Terreno Realty (TRNO) Now Covered by Goldman Sachs Group

Investment analysts at Goldman Sachs Group began coverage on shares of Terreno Realty (NYSE:TRNO) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.

TRNO has been the subject of several other reports. KeyCorp set a $49.00 target price on shares of Terreno Realty and gave the company an “in-line” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday. Finally, Mitsubishi UFJ Financial Group upped their price target on shares of Terreno Realty to $45.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Terreno Realty has a consensus rating of “Hold” and a consensus price target of $48.33.

Shares of TRNO stock traded up $0.12 on Wednesday, hitting $45.36. The stock had a trading volume of 169,998 shares, compared to its average volume of 274,691. The company has a market capitalization of $2.85 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 3.78 and a beta of 0.84. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.34. Terreno Realty has a 52-week low of $33.52 and a 52-week high of $47.19.

Institutional investors and hedge funds have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Terreno Realty in the fourth quarter valued at $41,000. PNC Financial Services Group Inc. raised its holdings in shares of Terreno Realty by 50.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 693 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Terreno Realty by 11,547.4% during the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 2,194 shares during the period. Marshall Wace North America L.P. raised its holdings in shares of Terreno Realty by 50.1% during the first quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 774 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Terreno Realty by 812.2% during the first quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 3,005 shares during the period. 98.40% of the stock is currently owned by hedge funds and other institutional investors.

About Terreno Realty

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC

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The Fly

Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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