The Goldman Sachs Group Cuts Terreno Realty (NYSE:TRNO) Price Target to $60.00

Terreno Realty (NYSE:TRNO - Get Free Report) had its target price decreased by analysts at The Goldman Sachs Group from $68.00 to $60.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's price target points to a potential upside of 8.50% from the company's previous close.

A number of other equities analysts have also recently issued reports on TRNO. Wedbush reaffirmed a "neutral" rating and issued a $67.00 target price on shares of Terreno Realty in a report on Thursday, March 28th. Mizuho lifted their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 2nd. Barclays started coverage on shares of Terreno Realty in a research report on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 price target for the company. Piper Sandler lifted their price target on shares of Terreno Realty from $70.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, March 22nd. Finally, JMP Securities restated a "market outperform" rating and issued a $65.00 price objective on shares of Terreno Realty in a report on Monday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.33.

Terreno Realty Price Performance

Shares of NYSE TRNO traded up $0.38 during midday trading on Tuesday, reaching $55.30. 744,954 shares of the company were exchanged, compared to its average volume of 697,297. The stock's 50-day moving average price is $60.37 and its 200-day moving average price is $60.07. The stock has a market cap of $5.35 billion, a P/E ratio of 30.53, a PEG ratio of 2.53 and a beta of 0.85. The company has a quick ratio of 10.17, a current ratio of 10.17 and a debt-to-equity ratio of 0.23. Terreno Realty has a one year low of $50.42 and a one year high of $66.63.

Institutional Investors Weigh In On Terreno Realty

Hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in shares of Terreno Realty during the 1st quarter worth approximately $31,000. SRS Capital Advisors Inc. grew its holdings in Terreno Realty by 337.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 529 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 408 shares during the period. Exchange Traded Concepts LLC bought a new stake in Terreno Realty in the fourth quarter valued at $35,000. Whittier Trust Co. raised its holdings in shares of Terreno Realty by 123.4% during the first quarter. Whittier Trust Co. now owns 610 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 337 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Terreno Realty by 84.2% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 452 shares in the last quarter.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.