Terreno Realty (NYSE:TRNO) PT Raised to $76.00 at Mizuho

Terreno Realty (NYSE:TRNO) had its price objective hoisted by research analysts at Mizuho from $65.00 to $76.00 in a note issued to investors on Thursday, The Fly reports. Mizuho’s price objective would indicate a potential downside of 2.19% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. KeyCorp upped their target price on shares of Terreno Realty from $71.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, November 5th. BTIG Research upped their target price on shares of Terreno Realty from $70.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, December 23rd. Robert W. Baird lowered shares of Terreno Realty from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $79.00 in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Terreno Realty currently has a consensus rating of “Hold” and a consensus target price of $81.29.

Shares of NYSE TRNO opened at $77.70 on Thursday. The firm’s 50-day moving average price is $79.06 and its 200-day moving average price is $71.46. Terreno Realty has a 1-year low of $53.97 and a 1-year high of $86.00. The firm has a market capitalization of $5.54 billion, a P/E ratio of 79.29 and a beta of 0.62. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.35.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Terreno Realty had a net margin of 32.60% and a return on equity of 4.11%. The company had revenue of $57.27 million for the quarter, compared to analyst estimates of $54.92 million. Equities research analysts forecast that Terreno Realty will post 1.72 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in TRNO. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Terreno Realty during the 2nd quarter valued at approximately $27,000. Atlantic Trust LLC bought a new position in shares of Terreno Realty during the 2nd quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in shares of Terreno Realty during the 3rd quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Terreno Realty by 485.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 388 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in shares of Terreno Realty by 74.5% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 642 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 274 shares during the period. 93.54% of the stock is owned by hedge funds and other institutional investors.

Terreno Realty Company Profile

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.

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