Terreno Realty (NYSE:TRNO) Price Target Cut to $56.00 by Analysts at Barclays

Terreno Realty (NYSE:TRNO - Get Free Report) had its price objective dropped by Barclays from $57.00 to $56.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price objective would indicate a potential downside of 1.55% from the company's current price.

Several other research firms have also issued reports on TRNO. Scotiabank cut their target price on Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Wall Street Zen upgraded shares of Terreno Realty from a "sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Wells Fargo & Company lowered their target price on shares of Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday, February 10th. Finally, BMO Capital Markets increased their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $65.27.

Terreno Realty Stock Up 0.5%

TRNO stock traded up $0.31 during trading on Tuesday, hitting $56.88. 736,455 shares of the company's stock traded hands, compared to its average volume of 918,007. The firm has a market capitalization of $5.88 billion, a P/E ratio of 29.63, a PEG ratio of 2.82 and a beta of 1.07. Terreno Realty has a 1 year low of $48.18 and a 1 year high of $71.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $57.34 and a two-hundred day simple moving average of $61.15.

Institutional Investors Weigh In On Terreno Realty

Large investors have recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at $27,000. Geneos Wealth Management Inc. grew its position in Terreno Realty by 304.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 350 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 361 shares during the last quarter. Quarry LP lifted its holdings in shares of Terreno Realty by 613.7% in the 4th quarter. Quarry LP now owns 728 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 626 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Terreno Realty by 94.6% in the 4th quarter. Quadrant Capital Group LLC now owns 761 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 370 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.