Terreno Realty (NYSE:TRNO) Raised to “Hold” at StockNews.com

Terreno Realty (NYSE:TRNO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also issued reports on TRNO. Scotiabank boosted their target price on Terreno Realty from $59.00 to $70.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wolfe Research raised Terreno Realty to a “hold” rating in a research report on Sunday, September 22nd. Mizuho reaffirmed an “underperform” rating and set a $62.00 price objective on shares of Terreno Realty in a research report on Thursday, September 5th. The Goldman Sachs Group upped their price objective on Terreno Realty from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $70.00 price objective (up previously from $57.00) on shares of Terreno Realty in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and an average price target of $69.56.

Terreno Realty Trading Down 0.0 %

TRNO traded down $0.02 during trading hours on Monday, reaching $66.83. The company’s stock had a trading volume of 1,221,643 shares, compared to its average volume of 613,633. Terreno Realty has a fifty-two week low of $50.42 and a fifty-two week high of $71.63. The stock has a market cap of $6.48 billion, a PE ratio of 34.81, a P/E/G ratio of 3.10 and a beta of 0.90. The business’s 50-day moving average is $68.33 and its 200-day moving average is $62.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.17). The firm had revenue of $94.25 million during the quarter, compared to analysts’ expectations of $89.07 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. As a group, equities research analysts predict that Terreno Realty will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Terreno Realty

In other news, President Michael A. Coke sold 7,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now owns 402,164 shares in the company, valued at $27,560,298.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, President Michael A. Coke sold 7,500 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $68.53, for a total transaction of $513,975.00. Following the completion of the sale, the president now owns 402,164 shares in the company, valued at $27,560,298.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jaime Jackson Cannon sold 4,998 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $68.39, for a total transaction of $341,813.22. Following the sale, the chief financial officer now owns 101,927 shares of the company’s stock, valued at approximately $6,970,787.53. The disclosure for this sale can be found here. Insiders sold 18,643 shares of company stock worth $1,277,581 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRNO. Vanguard Group Inc. increased its holdings in Terreno Realty by 7.6% in the first quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust’s stock valued at $861,988,000 after buying an additional 919,851 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Terreno Realty by 16.4% during the 1st quarter. Principal Financial Group Inc. now owns 5,155,458 shares of the real estate investment trust’s stock worth $342,322,000 after purchasing an additional 727,995 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Terreno Realty by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust’s stock worth $276,381,000 after purchasing an additional 291,051 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Terreno Realty by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust’s stock worth $127,287,000 after purchasing an additional 146,808 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Terreno Realty by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after purchasing an additional 103,833 shares in the last quarter.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.