Terreno Realty Corporation (NYSE:TRNO)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research note issued on Wednesday. They presently have a $37.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $34.50. Stifel Nicolaus’ target price would suggest a potential upside of 7.34% from the company’s current price.

Several other brokerages have also recently weighed in on TRNO. BidaskClub cut Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target (up from $29.00) on shares of Terreno Realty Corporation in a research note on Friday, June 23rd. National Securities cut Terreno Realty Corporation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $29.00 to $33.00 in a research note on Thursday, May 11th. Wunderlich upped their price target on Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, May 8th. Finally, Zacks Investment Research raised Terreno Realty Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Terreno Realty Corporation presently has an average rating of “Hold” and a consensus price target of $32.13.

Terreno Realty Corporation (NYSE:TRNO) traded up 1.06% during mid-day trading on Wednesday, reaching $34.47. 433,891 shares of the company traded hands. Terreno Realty Corporation has a 12-month low of $24.81 and a 12-month high of $34.92. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 72.57 and a beta of 0.83. The company’s 50-day moving average is $33.48 and its 200-day moving average is $30.35.

Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $32.78 million during the quarter, compared to analysts’ expectations of $31.72 million. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. Equities analysts predict that Terreno Realty Corporation will post $0.43 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Terreno Realty Corporation by 0.9% in the first quarter. Stifel Financial Corp now owns 13,548 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 123 shares in the last quarter. Aperio Group LLC boosted its stake in Terreno Realty Corporation by 1.3% in the second quarter. Aperio Group LLC now owns 9,599 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 126 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Terreno Realty Corporation by 3.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,236 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 209 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Terreno Realty Corporation by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 282 shares in the last quarter. Finally, GAM Holding AG boosted its stake in Terreno Realty Corporation by 7.6% in the second quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 300 shares in the last quarter.

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.

Analyst Recommendations for Terreno Realty Corporation (NYSE:TRNO)

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