Wedbush Reaffirms "Neutral" Rating for Terreno Realty (NYSE:TRNO)

Terreno Realty (NYSE:TRNO - Get Free Report)'s stock had its "neutral" rating reissued by analysts at Wedbush in a research report issued on Tuesday, RTT News reports. They currently have a $57.00 price objective on the real estate investment trust's stock, down from their prior price objective of $67.00. Wedbush's price target points to a potential upside of 3.07% from the company's current price.

Several other research analysts also recently issued reports on TRNO. Mizuho upped their target price on shares of Terreno Realty from $52.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Barclays assumed coverage on Terreno Realty in a research report on Wednesday, March 27th. They issued an "overweight" rating and a $71.00 price objective on the stock. The Goldman Sachs Group reduced their target price on Terreno Realty from $68.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday. Piper Sandler upped their price target on Terreno Realty from $70.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Finally, StockNews.com upgraded Terreno Realty from a "sell" rating to a "hold" rating in a report on Saturday, March 23rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Terreno Realty currently has an average rating of "Hold" and a consensus price target of $65.33.

Terreno Realty Stock Up 0.7 %

Shares of NYSE TRNO traded up $0.38 on Tuesday, reaching $55.30. 743,947 shares of the company's stock traded hands, compared to its average volume of 697,297. The company has a quick ratio of 10.17, a current ratio of 10.17 and a debt-to-equity ratio of 0.23. The business's 50 day simple moving average is $59.99 and its two-hundred day simple moving average is $60.13. Terreno Realty has a 12 month low of $50.42 and a 12 month high of $66.63. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85.

Institutional Investors Weigh In On Terreno Realty

Several hedge funds and other institutional investors have recently modified their holdings of TRNO. Covestor Ltd raised its stake in Terreno Realty by 7.2% during the 1st quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust's stock worth $196,000 after acquiring an additional 197 shares during the period. Alliance Wealth Advisors LLC UT raised its position in shares of Terreno Realty by 3.3% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 6,304 shares of the real estate investment trust's stock valued at $395,000 after purchasing an additional 200 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Terreno Realty by 5.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,546 shares of the real estate investment trust's stock valued at $348,000 after buying an additional 269 shares in the last quarter. Caprock Group LLC boosted its holdings in Terreno Realty by 2.1% in the 1st quarter. Caprock Group LLC now owns 14,355 shares of the real estate investment trust's stock worth $960,000 after buying an additional 292 shares during the period. Finally, Raymond James Trust N.A. increased its stake in Terreno Realty by 6.9% in the 4th quarter. Raymond James Trust N.A. now owns 4,846 shares of the real estate investment trust's stock worth $304,000 after buying an additional 313 shares in the last quarter.

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.