Terreno Realty Corporation (TRNO) Lifted to Buy at National Securities

Terreno Realty Corporation (NYSE:TRNO) was upgraded by National Securities to a “buy” rating in a research note issued on Wednesday. The firm currently has a $45.00 price target on the real estate investment trust’s stock. National Securities’ price target suggests a potential upside of 19.24% from the stock’s previous close.

Several other research firms also recently weighed in on TRNO. Zacks Investment Research downgraded shares of Terreno Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Stifel Nicolaus reissued a “buy” rating and issued a $41.00 target price (up from $37.00) on shares of Terreno Realty Corporation in a research report on Tuesday, November 7th. B. Riley reissued a “neutral” rating on shares of Terreno Realty Corporation in a research report on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $39.00 price target on shares of Terreno Realty Corporation in a report on Sunday, November 5th. Finally, Jefferies Group LLC restated a “hold” rating and set a $34.00 price target on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.50.

Terreno Realty Corporation (TRNO) opened at $37.74 on Wednesday. The firm has a market cap of $2,028.77, a P/E ratio of 36.11, a PEG ratio of 3.35 and a beta of 0.80. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.47. Terreno Realty Corporation has a 1 year low of $26.30 and a 1 year high of $38.06.

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A number of hedge funds and other institutional investors have recently bought and sold shares of TRNO. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Terreno Realty Corporation by 17.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 500 shares during the last quarter. GAM Holding AG lifted its stake in Terreno Realty Corporation by 7.6% in the second quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 300 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Terreno Realty Corporation by 16.2% in the second quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 600 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in Terreno Realty Corporation by 10.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 398 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Terreno Realty Corporation by 67.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,680 shares during the last quarter. Hedge funds and other institutional investors own 92.84% of the company’s stock.

Terreno Realty Corporation Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

Analyst Recommendations for Terreno Realty Corporation (NYSE:TRNO)

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