Barclays Cuts Terreno Realty (NYSE:TRNO) Price Target to $56.00

Terreno Realty (NYSE:TRNO - Get Free Report) had its price target lowered by investment analysts at Barclays from $57.00 to $56.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price target suggests a potential downside of 0.88% from the company's current price.

Several other research analysts also recently commented on the company. Wells Fargo & Company decreased their price objective on Terreno Realty from $67.00 to $63.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. BMO Capital Markets raised their price objective on Terreno Realty from $71.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 12th. Scotiabank decreased their price objective 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. The Goldman Sachs Group raised Terreno Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $65.27.

Terreno Realty Stock Performance

NYSE:TRNO traded down $0.56 on Tuesday, hitting $56.50. The stock had a trading volume of 867,872 shares, compared to its average volume of 919,133. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.82 and a beta of 1.07. 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's 50-day simple moving average is $57.21 and its two-hundred day simple moving average is $61.12. Terreno Realty has a 52-week low of $48.18 and a 52-week high of $71.63.

Institutional Trading of Terreno Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mariner LLC grew its holdings in Terreno Realty by 3.7% during the 4th quarter. Mariner LLC now owns 4,464 shares of the real estate investment trust's stock valued at $264,000 after buying an additional 161 shares in the last quarter. Norinchukin Bank The grew its holdings in Terreno Realty by 4.5% during the 1st quarter. Norinchukin Bank The now owns 4,606 shares of the real estate investment trust's stock valued at $291,000 after buying an additional 197 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Terreno Realty by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 22,900 shares of the real estate investment trust's stock valued at $1,448,000 after buying an additional 200 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Terreno Realty by 2.2% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,297 shares of the real estate investment trust's stock valued at $588,000 after buying an additional 200 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Terreno Realty by 5.0% during the 1st quarter. Cetera Investment Advisers now owns 4,448 shares of the real estate investment trust's stock valued at $281,000 after buying an additional 213 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.