Terreno Realty (TRNO) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Terreno Realty (NYSE: TRNO) in the last few weeks:

  • 5/15/2019 – Terreno Realty is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $49.00 price target on the stock.
  • 5/14/2019 – Terreno Realty was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock. According to Zacks, “Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company’s main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties. “
  • 5/11/2019 – Terreno Realty was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company’s main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties. “
  • 5/3/2019 – Terreno Realty had its price target raised by analysts at Mitsubishi UFJ Financial Group to $45.00. They now have a “neutral” rating on the stock.
  • 5/2/2019 – Terreno Realty was given a new $49.00 price target on by analysts at KeyCorp. They now have an “in-line” rating on the stock.

NYSE TRNO traded up $0.12 during trading hours on Thursday, reaching $45.48. The stock had a trading volume of 6,770 shares, compared to its average volume of 274,691. The firm has a market cap of $2.85 billion, a P/E ratio of 39.96, a P/E/G ratio of 3.78 and a beta of 0.84. Terreno Realty Co. has a 52-week low of $33.52 and a 52-week high of $47.19. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.34.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, July 3rd.

A number of large investors have recently made changes to their positions in TRNO. We Are One Seven LLC acquired a new position in Terreno Realty during the fourth quarter worth $41,000. PNC Financial Services Group Inc. lifted its stake in shares of Terreno Realty by 50.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 693 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Terreno Realty by 11,547.4% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 2,194 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Terreno Realty by 50.1% in the first quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 774 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Terreno Realty by 812.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 3,005 shares during the period. 98.40% of the stock is owned by institutional investors.

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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