DA Davidson Reiterates Buy Rating for Terreno Realty (TRNO)
Terreno Realty (NYSE:TRNO)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a report issued on Friday. DA Davidson also issued estimates for Terreno Realty’s Q1 2018 earnings at $0.29 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.32 EPS.
Several other equities research analysts have also issued reports on TRNO. BidaskClub lowered Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and set a $39.00 price target on shares of Terreno Realty in a research note on Sunday, November 5th. B. Riley reaffirmed a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price target (up previously from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.30.
Shares of Terreno Realty (TRNO) opened at $32.86 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. Terreno Realty has a 52 week low of $26.48 and a 52 week high of $38.54. The stock has a market capitalization of $1,846.57, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.
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About Terreno Realty
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.
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