Terreno Realty (NYSE:TRNO) Given New $70.00 Price Target at Citizens Jmp

Terreno Realty (NYSE:TRNO) had its target price lifted by stock analysts at Citizens Jmp from $66.00 to $70.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price objective suggests a potential upside of 7.74% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings raised shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, January 22nd. Mizuho lifted their price target on Terreno Realty from $53.00 to $56.00 and gave the stock an “underperform” rating in a report on Thursday, December 4th. Wells Fargo & Company upped their price objective on Terreno Realty from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Barclays restated a “positive” rating and set a $60.00 price target on shares of Terreno Realty in a research report on Tuesday, January 13th. Finally, Piper Sandler upgraded shares of Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price target on the stock in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.40.

Terreno Realty Trading Down 0.2%

NYSE TRNO traded down $0.11 during trading hours on Friday, reaching $64.97. The company’s stock had a trading volume of 251,079 shares, compared to its average volume of 793,054. The firm has a fifty day simple moving average of $61.08 and a 200-day simple moving average of $59.12. Terreno Realty has a 52 week low of $48.18 and a 52 week high of $69.20. The stock has a market cap of $6.72 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.32 and a quick ratio of 0.32.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.68. The business had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. Equities analysts forecast that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Terreno Realty during the second quarter valued at approximately $156,525,000. Osterweis Capital Management Inc. bought a new stake in Terreno Realty in the 2nd quarter worth about $33,699,000. Boston Trust Walden Corp purchased a new position in Terreno Realty in the 3rd quarter worth about $26,957,000. Schroder Investment Management Group lifted its stake in Terreno Realty by 55.7% during the 2nd quarter. Schroder Investment Management Group now owns 1,131,989 shares of the real estate investment trust’s stock valued at $63,471,000 after acquiring an additional 405,015 shares during the period. Finally, UBS Group AG grew its stake in shares of Terreno Realty by 108.1% in the third quarter. UBS Group AG now owns 599,894 shares of the real estate investment trust’s stock worth $34,044,000 after acquiring an additional 311,559 shares during the period.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.