KeyCorp Reiterates “Buy” Rating for Terreno Realty Corporation (TRNO)
Terreno Realty Corporation (NYSE:TRNO)‘s stock had its “buy” rating reiterated by equities research analysts at KeyCorp in a research report issued to clients and investors on Wednesday.
Other analysts also recently issued reports about the company. Stifel Nicolaus upped their price objective on Terreno Realty Corporation from $29.00 to $34.50 and gave the company a “buy” rating in a research report on Monday, May 15th. BidaskClub downgraded Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 target price (up from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Finally, National Securities downgraded Terreno Realty Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $33.00 in a research report on Thursday, May 11th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.71.
Shares of Terreno Realty Corporation (NYSE:TRNO) opened at 36.62 on Wednesday. Terreno Realty Corporation has a 52 week low of $24.81 and a 52 week high of $37.03. The firm has a 50 day moving average price of $35.04 and a 200-day moving average price of $31.78. The firm has a market capitalization of $1.90 billion, a P/E ratio of 77.26 and a beta of 0.82.
Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. The company had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $31.72 million. Equities research analysts predict that Terreno Realty Corporation will post $0.64 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its stake in Terreno Realty Corporation by 37.0% during the first quarter. Daiwa Securities Group Inc. now owns 3,700 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 1,000 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Terreno Realty Corporation during the first quarter worth about $109,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Terreno Realty Corporation by 17.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 500 shares during the last quarter. GAM Holding AG increased its stake in Terreno Realty Corporation by 7.6% during the second quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 300 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Terreno Realty Corporation by 2,018.8% during the first quarter. ProShare Advisors LLC now owns 153,803 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 146,544 shares during the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
Terreno Realty Corporation Company Profile
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.
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