StockNews.com assumed coverage on shares of Terreno Realty (NYSE:TRNO – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.
Other equities research analysts have also issued reports about the company. BTIG Research increased their target price on Terreno Realty from $74.00 to $80.00 in a research report on Thursday, February 9th. TheStreet raised Terreno Realty from a c+ rating to a b- rating in a research report on Wednesday, November 30th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $67.33.
Terreno Realty Stock Performance
TRNO stock opened at $60.77 on Thursday. Terreno Realty has a 12-month low of $50.36 and a 12-month high of $81.01. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $63.08 and its 200 day simple moving average is $59.03. The firm has a market cap of $5.03 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.20 and a beta of 0.81.
Terreno Realty Dividend Announcement
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of TRNO. Ronald Blue Trust Inc. boosted its stake in Terreno Realty by 1,519.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 502 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 471 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Terreno Realty during the first quarter valued at about $28,000. Itau Unibanco Holding S.A. bought a new position in Terreno Realty during the fourth quarter valued at about $31,000. Wipfli Financial Advisors LLC bought a new position in Terreno Realty during the third quarter valued at about $38,000. Finally, First Eagle Investment Management LLC boosted its stake in Terreno Realty by 26.3% during the fourth quarter. First Eagle Investment Management LLC now owns 908 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 189 shares in the last quarter. Institutional investors own 98.53% of the company’s stock.
About Terreno Realty
Terreno Realty Corp. is a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in Bellevue, WA.
- Get a free copy of the StockNews.com research report on Terreno Realty (TRNO)
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