Terreno Real Estate (NYSE:TRNO) StockNews.com has upgraded it to Hold.

On Saturday, the research analysts at StockNews.com modified their recommendation on Terreno Realty (NYSE: TRNO), moving it from a “sell” rating to a “hold” rating in the process. Saturday was the day when this research note was distributed to investors.

Additional analysts who focus on equity research have each provided their perspectives on the company in question. In a research report released by TheStreet on November 30, the grade for Terreno Realty was raised from a “c+” to a “b-” after the company demonstrated strong performance. Terreno Realty shares have had their price objective reduced from $75.00 to $69.00 by JMP Securities, which, in a report released on October 10, assessed the company as having a “market outperform” rating. Piper Jaffray lowered their target price on Terreno Realty shares from $73.00 to $69.00 in a report that was published on Friday, October 7. Despite this change, the brokerage firm continued to maintain an “overweight” rating on the stock. On Wednesday, October 12, Stifel Nicolaus released a report in which it announced that it would begin providing coverage of shares of Terreno Realty. They recommended purchasing the stock and setting a price objective of $62 per share. The recommendation was to buy the stock. In a study that was made public on Monday, October 17, a rating of “sector perform” was given to Terreno Realty by Scotiabank. This rating is different from the previous rating of “each provided their perspectives on the company in question. In a research report that TheStreet released on November 30, the grade for Terreno Realty was raised from a “c+” to a “b-” after the company demonstrated strong performance. Terreno Realty shares have had their price objective reduced from $75.00 to $69.00 by JMP Securities, which, in a report released on October 10, assessed the company as having a “market outperform” rating. Piper Jaffray lowered their target price on Terreno Realty shares from $73.00 to $69.00 in a report that was published on Friday, October 7. Despite this change, the brokerage firm continued to maintain an “overweight” rating on the stock. On Wednesday, October 12, Stifel Nicolaus released a report in which it announced that it would begin providing coverage of shares of Terreno Realty. They recommended purchasing the stock and setting a price objective of $62 per share. The recommendation was to buy the stock. In a study that was made public on Monday, October 17, a rating of “sector perform” was given to Terreno Realty by Scotiabank. This rating differs from the previous rating of “outperform” in the sector given to Terreno Realty. In addition, the bank lowered its price objective for the company, which had previously been set at $73.00, to $54.00. Six market analysts have assigned a “buy” rating to the stock, while only four have assigned a “hold” rating. According to the data from Bloomberg.com, the average price objective for Terreno Realty is currently at $67.90, and the business has been rated “Moderate Buy.”
On Friday, the share price of NYSE: TRNO was $56.05 when trading got underway. Terreno Realty hit an all-time low of $50.36 during the past year, while the company reached an all-time high of $80.00 during the same period. All three ratios, the quick ratio, the current ratio, and the debt-to-equity ratio, have the same value of 0.18. There is no difference between these three. The stock’s simple moving average over the past 50 days is $56.35, and its simple moving average over the past 200 days is $58.26. The company’s market capitalization is currently sitting at $4.26 billion, its price-to-earnings ratio is 24.69, and its beta value is 0.79.

On November 2, the most recent quarterly earnings report made public for Terreno Realty, which is traded on the NYSE under the symbol “TRNO,” was made available to the public. Most financial analysts polled predicted that the REIT would earn $0.50 per share for the quarter, but the actual earnings were only $0.29 per share for the business. The revenue for the quarter came in significantly higher than the $66.95 million analysts had anticipated, coming in at $70.80 million instead. Terreno Realty had a return on equity of 8.14 percent, while the company’s net margin came in at 65.44 percent. According to projections made by industry analysts, the current fiscal year is expected to result in earnings of $1.97 per share for Terreno Realty.

Leroy E. Carlson, a director at Terreno Realty, sold 4,000 shares of the company’s stock on Friday, December 2. This was covered in a report that was published on its own. The shares were sold for $233,960.00, an average price of $58.49 per share. The money received for the sale of the shares was broken down as follows: Following the completion of the transaction, the director now owns a total of 37,791 shares of the company, which have an estimated value of $2,210,395.59. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. 2.40 company insiders own a percent of the total shares currently outstanding.

Shares of TRNO have been bought and sold by several hedge funds and other institutional investors over the last few weeks. During the third quarter, MQS Management LLC spent approximately $396,000 on acquiring a new investment in Terreno Realty. The Bank of New York Mellon Corporation increased the percentage of Terreno Realty shares it owned by 0.5 percentage points during the third quarter. The Bank of New York Mellon Corp. now has a total of 611,450 shares of the real estate investment trust’s stock, which has a value of $32,400,000 after purchasing an additional 2,868 shares during the period in question. This brings the company’s total number of shares to 611,450. Grandeur Peak Global Advisors LLC increased the percentage of ownership it held in Terreno Realty by 20.4% during the third quarter. Grandeur Peak Global Advisors LLC now has 120,672 shares of the real estate investment trust in its possession after making an additional purchase of 20,425 shares during the most recent quarter. These shares are currently worth a total of $6,394,000 as of right now. During the third quarter, Glenmede Trust Co. NA increased the proportion of Terreno Realty that it holds in its portfolio by 6.1%. Glenmede Trust Co. NA acquired an additional 1,234 real estate investment trust shares throughout the period. This brings the company’s total number of shares owned in the REIT to 21,509, with a value of $1,139,000. And finally, during the third quarter, Jane Street Group LLC saw an increase in the size of its holdings in Terreno Realty, which was 1,236.5% higher than it had been during the previous quarter. During the most recent fiscal quarter, Jane Street Group LLC purchased 56,495 shares of the REIT’s stock. This brought the total number of shares directly owned by the company to 61,064, with a value of $3,236,000 for those shares. Institutional investors hold the total share capital of the company to the tune of 99.27%.

Ternana Realty Corporation is in the business of purchasing, owning, and managing industrial real estate in six key coastal areas of the United States. The cities of Los Angeles, Northern New Jersey, New York City, the San Francisco Bay Area, Seattle, and Miami are included in this category. This list also includes the nation’s capital, Washington, DC. These abbreviated notes to the consolidated financial statements do not include any audited information regarding the total square footage, acres, occupants, or properties included in their scope of coverage. Instead, they only include information that has been estimated.