Terreno Realty’s (NYSE:TRNO) Buy Rating Reiterated at Stifel Nicolaus

Terreno Realty Corporation (NYSE:TRNO)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a report released on Tuesday, November 7th, Marketbeat.com reports. They presently have a $41.00 target price on the real estate investment trust’s stock, up from their prior target price of $37.00. Stifel Nicolaus’ price target suggests a potential upside of 6.99% from the company’s current price.

TRNO has been the topic of a number of other reports. KeyCorp reissued a “buy” rating on shares of Terreno Realty in a report on Wednesday, September 6th. BidaskClub cut shares of Terreno Realty from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. B. Riley reiterated a “neutral” rating on shares of Terreno Realty in a research report on Friday, November 3rd. National Securities increased their target price on shares of Terreno Realty from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, August 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $34.00 target price on shares of Terreno Realty in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Terreno Realty has a consensus rating of “Hold” and a consensus price target of $37.50.

Terreno Realty (TRNO) traded up $0.35 during trading hours on Tuesday, reaching $38.32. 274,397 shares of the company’s stock traded hands, compared to its average volume of 274,337. The stock has a market cap of $2,090.43, a P/E ratio of 37.20, a PEG ratio of 3.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. Terreno Realty has a 12 month low of $26.30 and a 12 month high of $38.54.

Several institutional investors have recently made changes to their positions in TRNO. Vanguard Group Inc. grew its position in Terreno Realty by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,681,296 shares of the real estate investment trust’s stock valued at $191,233,000 after buying an additional 180,987 shares during the last quarter. BlackRock Inc. grew its position in Terreno Realty by 32.9% in the 2nd quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock valued at $186,359,000 after buying an additional 1,370,672 shares during the last quarter. Schroder Investment Management Group grew its position in Terreno Realty by 2.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,508,819 shares of the real estate investment trust’s stock valued at $54,484,000 after buying an additional 38,724 shares during the last quarter. Uniplan Investment Counsel Inc. grew its position in Terreno Realty by 2.1% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,291,133 shares of the real estate investment trust’s stock valued at $46,713,000 after buying an additional 27,081 shares during the last quarter. Finally, State Street Corp grew its position in Terreno Realty by 9.4% in the 2nd quarter. State Street Corp now owns 1,103,584 shares of the real estate investment trust’s stock valued at $37,145,000 after buying an additional 94,751 shares during the last quarter. 92.84% of the stock is currently owned by institutional investors and hedge funds.

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About Terreno Realty

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 (NYSE:TRNO)

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