Terreno Realty (NYSE:TRNO) Now Covered by Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Terreno Realty (NYSE:TRNO) in a note issued to investors on Tuesday,Benzinga reports. The brokerage set a “hold” rating and a $60.00 price target on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 2.08% from the company’s previous close.

A number of other research firms have also recently issued reports on TRNO. Barclays reiterated an “equal weight” rating and set a $60.00 price objective (down from $68.00) on shares of Terreno Realty in a research report on Monday. JMP Securities reiterated a “market outperform” rating and set a $72.00 price target on shares of Terreno Realty in a report on Monday, January 6th. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. Scotiabank dropped their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, October 25th. Finally, Wolfe Research raised Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.50.

Terreno Realty Stock Performance

Shares of NYSE:TRNO opened at $58.78 on Tuesday. The company’s 50 day simple moving average is $60.21 and its 200 day simple moving average is $63.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. Terreno Realty has a 1 year low of $53.78 and a 1 year high of $71.63. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.24). Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%. The business had revenue of $99.64 million for the quarter, compared to the consensus estimate of $96.31 million. As a group, research analysts predict that Terreno Realty will post 2.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Terreno Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Terreno Realty by 19.0% in the 2nd quarter. Victory Capital Management Inc. now owns 46,601 shares of the real estate investment trust’s stock valued at $2,758,000 after buying an additional 7,441 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Terreno Realty by 39.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,908 shares of the real estate investment trust’s stock valued at $823,000 after acquiring an additional 3,936 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Terreno Realty during the second quarter worth $39,064,000. Dimensional Fund Advisors LP boosted its position in Terreno Realty by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust’s stock worth $81,862,000 after purchasing an additional 103,833 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Terreno Realty by 9.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 86,727 shares of the real estate investment trust’s stock valued at $5,133,000 after purchasing an additional 7,483 shares during the period.

About Terreno Realty

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.