Barclays Has Lowered Expectations for Terreno Realty (NYSE:TRNO) Stock Price

Terreno Realty (NYSE:TRNO) had its price objective lowered by analysts at Barclays from $60.00 to $57.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price indicates a potential downside of 9.50% from the company’s current price.

TRNO has been the topic of several other reports. Scotiabank upped their target price on shares of Terreno Realty from $64.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, February 28th. BMO Capital Markets raised their price objective on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. Piper Sandler decreased their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. JMP Securities restated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Terreno Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.09.

Terreno Realty Stock Performance

Shares of TRNO stock opened at $62.99 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.24. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.93. The stock has a 50 day simple moving average of $65.89 and a 200-day simple moving average of $63.75.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, equities analysts forecast that Terreno Realty will post 2.64 EPS for the current year.

Institutional Trading of Terreno Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of Terreno Realty by 39.3% during the 3rd quarter. Stifel Financial Corp now owns 92,115 shares of the real estate investment trust’s stock worth $6,156,000 after purchasing an additional 25,988 shares during the period. Barclays PLC lifted its position in Terreno Realty by 131.0% during the third quarter. Barclays PLC now owns 169,980 shares of the real estate investment trust’s stock worth $11,360,000 after buying an additional 96,380 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Terreno Realty by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust’s stock worth $115,475,000 after buying an additional 315,506 shares during the last quarter. Geode Capital Management LLC grew its holdings in Terreno Realty by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust’s stock valued at $161,423,000 after buying an additional 8,940 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Terreno Realty in the 3rd quarter valued at about $225,000.

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.