Sandler O’Neill Reiterates $38.00 Price Target for Terreno Realty (TRNO)
Sandler O’Neill set a $38.00 target price on Terreno Realty (NYSE:TRNO) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the real estate investment trust’s stock.
Several other research firms have also weighed in on TRNO. Stifel Nicolaus reiterated a buy rating and set a $41.00 target price (up from $37.00) on shares of Terreno Realty in a report on Tuesday, November 7th. Zacks Investment Research lowered Terreno Realty from a buy rating to a hold rating in a report on Saturday, January 13th. B. Riley reiterated a neutral rating on shares of Terreno Realty in a report on Friday, November 3rd. KeyCorp reiterated a buy rating and set a $39.00 target price on shares of Terreno Realty in a report on Sunday, November 5th. Finally, Robert W. Baird reiterated a hold rating and set a $35.00 target price on shares of Terreno Realty in a report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $38.30.
Terreno Realty (TRNO) opened at $32.86 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 4.87 and a current ratio of 1.68. The firm has a market capitalization of $1,780.56, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.58 and a beta of 0.73. Terreno Realty has a twelve month low of $26.48 and a twelve month high of $38.54.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TRNO. Janus Henderson Group PLC acquired a new stake in shares of Terreno Realty in the second quarter valued at about $4,795,000. Fox Run Management L.L.C. acquired a new stake in shares of Terreno Realty in the third quarter valued at about $271,000. Eagle Asset Management Inc. increased its position in shares of Terreno Realty by 4.8% in the third quarter. Eagle Asset Management Inc. now owns 145,237 shares of the real estate investment trust’s stock valued at $5,306,000 after acquiring an additional 6,610 shares during the last quarter. 1060 Capital LLC acquired a new stake in shares of Terreno Realty in the third quarter valued at about $7,445,000. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Terreno Realty by 67.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,680 shares during the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.
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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