Robert W. Baird Reaffirms Hold Rating for Terreno Realty (TRNO)

Terreno Realty (NYSE:TRNO)‘s stock had its “hold” rating reissued by research analysts at Robert W. Baird in a report released on Tuesday. They presently have a $35.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective would suggest a potential upside of 0.40% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. National Securities upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, November 22nd. Zacks Investment Research cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and set a $41.00 price target (up previously from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. B. Riley reiterated a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Finally, KeyCorp reiterated a “buy” rating and set a $39.00 price target on shares of Terreno Realty in a research note on Sunday, November 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.25.

Shares of Terreno Realty (TRNO) opened at $34.86 on Tuesday. The firm has a market cap of $1,882.03, a price-to-earnings ratio of 45.27, a P/E/G ratio of 2.80 and a beta of 0.79. 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 52 week low of $26.30 and a 52 week high of $38.54.

Several hedge funds have recently added to or reduced their stakes in TRNO. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Terreno Realty by 17.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 500 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Terreno Realty by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 398 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Terreno Realty by 67.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 1,680 shares during the period. Federated Investors Inc. PA acquired a new stake in shares of Terreno Realty in the 2nd quarter worth $182,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Terreno Realty in the 2nd quarter worth $198,000. Institutional investors own 98.74% of the company’s stock.

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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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