JMP Securities Reaffirms “Market Outperform” Rating for Terreno Realty (NYSE:TRNO)

Terreno Realty (NYSE:TRNO)‘s stock had its “market outperform” rating reiterated by JMP Securities in a report released on Monday,Benzinga reports. They presently have a $72.00 price objective on the real estate investment trust’s stock. JMP Securities’ price objective indicates a potential upside of 6.77% from the company’s current price.

Other analysts have also recently issued research reports about the company. Barclays reissued an “equal weight” rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Scotiabank dropped their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 target price for the company. BMO Capital Markets initiated coverage on shares of Terreno Realty in a research note on Tuesday, February 4th. They set a “market perform” rating and a $71.00 price objective on the stock. Finally, Piper Sandler cut their price objective on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Terreno Realty currently has a consensus rating of “Hold” and an average price target of $68.27.

Terreno Realty Price Performance

Shares of TRNO stock traded up $0.11 on Monday, hitting $67.43. 161,756 shares of the stock traded hands, compared to its average volume of 853,876. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.85 and a beta of 0.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.23 and a quick ratio of 2.71. Terreno Realty has a 52 week low of $53.78 and a 52 week high of $71.63. The firm has a 50 day simple moving average of $61.55 and a two-hundred day simple moving average of $64.07.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. As a group, equities research analysts predict that Terreno Realty will post 2.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Terreno Realty by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 4,358 shares of the real estate investment trust’s stock valued at $291,000 after buying an additional 249 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Terreno Realty by 1.0% in the 4th quarter. Arizona State Retirement System now owns 28,122 shares of the real estate investment trust’s stock valued at $1,663,000 after buying an additional 276 shares in the last quarter. Creative Planning grew its position in shares of Terreno Realty by 7.0% in the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 312 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Terreno Realty by 176.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 361 shares in the last quarter.

Terreno Realty Company Profile

Terreno Realty Corporation (Terreno, and together with its subsidiaries, 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.