Scotiabank Lowers Terreno Realty (NYSE:TRNO) Price Target to $59.00

Terreno Realty (NYSE:TRNO - Get Free Report) had its price objective lowered by investment analysts at Scotiabank from $66.00 to $59.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price objective indicates a potential upside of 1.90% from the stock's current price.

A number of other equities research analysts also recently weighed in on TRNO. Piper Sandler raised their price objective on Terreno Realty from $70.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, March 22nd. Wedbush restated a "neutral" rating and issued a $57.00 price target (down from $67.00) on shares of Terreno Realty in a report on Tuesday. JMP Securities reiterated a "market outperform" rating and set a $65.00 price objective on shares of Terreno Realty in a research note on Monday. Mizuho raised their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Terreno Realty currently has an average rating of "Hold" and a consensus price target of $64.56.

Terreno Realty Stock Up 2.2 %

Terreno Realty stock traded up $1.27 during mid-day trading on Thursday, reaching $57.90. 1,653,873 shares of the company were exchanged, compared to its average volume of 715,147. The company has a debt-to-equity ratio of 0.23, a quick ratio of 10.17 and a current ratio of 10.17. The firm has a market cap of $5.60 billion, a P/E ratio of 30.16, a PEG ratio of 2.53 and a beta of 0.85. The business has a fifty day moving average of $59.85 and a 200 day moving average of $60.10. Terreno Realty has a 12-month low of $50.42 and a 12-month high of $66.63.

Institutional Trading of Terreno Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Terreno Realty by 1.4% in the third quarter. Vanguard Group Inc. now owns 11,919,178 shares of the real estate investment trust's stock valued at $677,009,000 after acquiring an additional 168,728 shares during the period. Wellington Management Group LLP boosted its holdings in Terreno Realty by 8.4% during the third quarter. Wellington Management Group LLP now owns 598,005 shares of the real estate investment trust's stock worth $33,967,000 after buying an additional 46,475 shares in the last quarter. Townsquare Capital LLC grew its position in Terreno Realty by 12.0% during the third quarter. Townsquare Capital LLC now owns 22,073 shares of the real estate investment trust's stock valued at $1,254,000 after buying an additional 2,364 shares during the period. Wolverine Asset Management LLC increased its holdings in Terreno Realty by 63.9% in the third quarter. Wolverine Asset Management LLC now owns 27,224 shares of the real estate investment trust's stock valued at $1,546,000 after buying an additional 10,617 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Terreno Realty by 11.1% in the third quarter. Invesco Ltd. now owns 4,113,232 shares of the real estate investment trust's stock worth $233,632,000 after acquiring an additional 411,973 shares during the period.

About Terreno Realty

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.