Terreno Realty (NYSE:TRNO) Downgraded by StockNews.com

StockNews.com lowered shares of Terreno Realty (NYSE:TRNOFree Report) from a hold rating to a sell rating in a research note issued to investors on Monday.

Several other research firms have also commented on TRNO. The Goldman Sachs Group upped their price objective on Terreno Realty from $60.00 to $66.00 and gave the stock a neutral rating in a research report on Thursday, January 11th. Wells Fargo & Company began coverage on Terreno Realty in a research report on Thursday, December 7th. They issued an overweight rating and a $71.00 price objective on the stock. Piper Sandler decreased their target price on Terreno Realty from $80.00 to $70.00 and set an overweight rating on the stock in a research report on Friday, November 10th. JMP Securities reiterated a market outperform rating and set a $71.00 target price on shares of Terreno Realty in a research report on Thursday, October 12th. Finally, Mizuho decreased their target price on Terreno Realty from $67.00 to $52.00 and set a neutral rating on the stock in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $66.63.

Get Our Latest Stock Analysis on Terreno Realty

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $60.16 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.29. Terreno Realty has a 52 week low of $50.42 and a 52 week high of $66.70. The business’s 50 day moving average price is $61.38 and its 200 day moving average price is $58.80. The firm has a market cap of $5.14 billion, a P/E ratio of 31.50 and a beta of 0.80.

Insider Activity at Terreno Realty

In related news, Director Leroy E. Carlson sold 5,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $58.77, for a total value of $293,850.00. Following the completion of the transaction, the director now directly owns 34,871 shares of the company’s stock, valued at approximately $2,049,368.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Terreno Realty news, CAO Melinda Weston sold 1,500 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $62.06, for a total value of $93,090.00. Following the completion of the sale, the chief accounting officer now directly owns 15,683 shares of the company’s stock, valued at approximately $973,286.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leroy E. Carlson sold 5,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $58.77, for a total value of $293,850.00. Following the completion of the sale, the director now directly owns 34,871 shares of the company’s stock, valued at $2,049,368.67. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Terreno Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of Terreno Realty by 5.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,546 shares of the real estate investment trust’s stock worth $348,000 after acquiring an additional 269 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Terreno Realty by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,223,247 shares of the real estate investment trust’s stock worth $76,663,000 after purchasing an additional 20,257 shares during the period. Principal Securities Inc. purchased a new position in shares of Terreno Realty during the 4th quarter worth $76,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Terreno Realty by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,153 shares of the real estate investment trust’s stock worth $74,775,000 after purchasing an additional 31,075 shares during the period. Finally, Metis Global Partners LLC grew its holdings in shares of Terreno Realty by 14.1% during the 4th quarter. Metis Global Partners LLC now owns 5,615 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 694 shares during the period.

Terreno Realty Company Profile

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Terreno Realty Corporation ("Terreno", and together with its subsidiaries, "we", "us", "our", "our Company", or "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 We invest in several types of industrial real estate, including warehouse/distribution (approximately 76.3% of our total annualized base rent as of September 30, 2023), flex (including light industrial and research and development, or R&D) (approximately 3.8%), transshipment (approximately 6.7%) and improved land (approximately 13.2%).

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Analyst Recommendations for Terreno Realty (NYSE:TRNO)

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