Research analysts at Goldman Sachs Group began coverage on shares of Terreno Realty (NYSE:TRNO) in a report released on Wednesday, The Fly reports. The brokerage set a “buy” rating on the real estate investment trust’s stock.
A number of other research analysts also recently issued reports on TRNO. Zacks Investment Research downgraded Terreno Realty from a “buy” rating to a “hold” rating in a report on Saturday. Mitsubishi UFJ Financial Group boosted their price target on Terreno Realty to $45.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, KeyCorp set a $49.00 price target on Terreno Realty and gave the company an “in-line” rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.33.
NYSE:TRNO traded up $0.12 during mid-day trading on Wednesday, reaching $45.36. 169,998 shares of the company’s stock traded hands, compared to its average volume of 274,691. Terreno Realty has a 12-month low of $33.52 and a 12-month high of $47.19. The company has a market cap of $2.85 billion, a PE ratio of 39.96, a P/E/G ratio of 3.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.41 and a quick ratio of 2.41.
Several hedge funds have recently bought and sold shares of TRNO. JPMorgan Chase & Co. grew its holdings in shares of Terreno Realty by 479.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,622,069 shares of the real estate investment trust’s stock worth $61,152,000 after acquiring an additional 1,342,083 shares during the period. Channing Capital Management LLC purchased a new position in shares of Terreno Realty during the 4th quarter worth approximately $42,256,000. Norges Bank purchased a new position in shares of Terreno Realty during the 4th quarter worth approximately $26,019,000. Principal Financial Group Inc. grew its holdings in shares of Terreno Realty by 34.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,702,479 shares of the real estate investment trust’s stock worth $71,572,000 after acquiring an additional 432,198 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Terreno Realty by 189.8% during the 4th quarter. New York State Common Retirement Fund now owns 294,653 shares of the real estate investment trust’s stock worth $10,363,000 after acquiring an additional 192,965 shares during the period. Hedge funds and other institutional investors own 98.40% of the company’s stock.
About Terreno Realty
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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