Terreno Realty (NYSE:TRNO) Price Target Raised to $70.00 at Citizens Jmp

Terreno Realty (NYSE:TRNO) had its price target hoisted by stock analysts at Citizens Jmp from $66.00 to $70.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target suggests a potential upside of 7.74% from the stock’s previous close.

TRNO has been the topic of several other research reports. Scotiabank upped their target price on shares of Terreno Realty from $67.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Weiss Ratings raised shares of Terreno Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 22nd. KeyCorp reiterated an “overweight” rating on shares of Terreno Realty in a research note on Wednesday, January 14th. Piper Sandler upgraded Terreno Realty from a “neutral” rating to an “overweight” rating and set a $75.00 price objective for the company in a research report on Monday, November 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Terreno Realty from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Terreno Realty has an average rating of “Moderate Buy” and a consensus target price of $67.40.

Terreno Realty Stock Down 0.2%

Shares of Terreno Realty stock traded down $0.11 during midday trading on Friday, hitting $64.97. The company’s stock had a trading volume of 251,079 shares, compared to its average volume of 793,054. Terreno Realty has a 1-year low of $48.18 and a 1-year high of $69.20. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $6.72 billion, a P/E ratio of 20.62, a PEG ratio of 2.59 and a beta of 1.13. The stock has a 50-day simple moving average of $61.08 and a 200-day simple moving average of $59.12.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.68. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%.The business had revenue of $137.48 million during the quarter, compared to analyst estimates of $124.72 million. As a group, sell-side analysts expect that Terreno Realty will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On Terreno Realty

Institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Terreno Realty during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its holdings in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 189 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Terreno Realty in the 3rd quarter valued at approximately $25,000. First Horizon Corp bought a new position in Terreno Realty in the third quarter valued at approximately $26,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Terreno Realty by 52.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 498 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 172 shares in the last quarter.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.