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.
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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