Institutional Investors Lead Shift in Terreno Realty Corp (NYSE:TRNO) Sentiment

June 13, 2018 - By Henry Gaston

Sentiment for Terreno Realty Corp (NYSE:TRNO)

Terreno Realty Corp (NYSE:TRNO) institutional sentiment decreased to 1.33 in 2018 Q1. Its down -0.15, from 1.48 in 2017Q4. The ratio has worsened, as 80 investment managers opened new or increased equity positions, while 60 sold and trimmed equity positions in Terreno Realty Corp. The investment managers in our partner’s database now have: 51.35 million shares, up from 50.69 million shares in 2017Q4. Also, the number of investment managers holding Terreno Realty Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 44 Increased: 60 New Position: 20.

Terreno Realty Corporation is a real estate investment trust. The company has market cap of $2.06 billion. The firm invests in real estate markets of the United States. It has a 36.72 P/E ratio. It acquires, owns and operates industrial properties in six major coastal U.S. markets.

The stock decreased 1.40% or $0.53 during the last trading session, reaching $37.34. About 290,809 shares traded. Terreno Realty Corporation (NYSE:TRNO) has risen 15.82% since June 13, 2017 and is uptrending. It has outperformed by 3.25% the S&P500.

Resolution Capital Ltd holds 1.56% of its portfolio in Terreno Realty Corporation for 980,978 shares. Heitman Real Estate Securities Llc owns 401,742 shares or 1.29% of their US portfolio. Moreover, Adelante Capital Management Llc has 0.99% invested in the company for 483,830 shares. The California-based Granite Investment Partners Llc has invested 0.84% in the stock. Oak Ridge Investments Llc, a Illinois-based fund reported 306,445 shares.

Terreno Realty Corporation (NYSE:TRNO) Ratings Coverage

Ratings analysis reveals 56% of Terreno Realty Corp’s analysts are positive. Out of 9 Wall Street analysts rating Terreno Realty Corp, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $34.0 while the high is $5000. The stock’s average target of $38 is 1.77% above today’s ($37.34) share price. TRNO was included in 12 notes of analysts from January 8, 2018. The firm has “Hold” rating given on Friday, February 9 by Jefferies. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, February 16 report. B. Riley & Co maintained Terreno Realty Corporation (NYSE:TRNO) on Monday, February 12 with “Neutral” rating. The firm has “Buy” rating by Sandler O’Neill given on Friday, January 12. The stock of Terreno Realty Corporation (NYSE:TRNO) earned “Buy” rating by Sandler O’Neill on Thursday, February 8. The firm earned “Buy” rating on Tuesday, March 6 by National Securities. The stock has “Buy” rating by National Securities on Monday, May 7. The rating was upgraded by Compass Point on Wednesday, April 18 to “Buy”. The stock has “Hold” rating by Robert W. Baird on Thursday, February 8. On Monday, January 8 the stock rating was maintained by Robert W. Baird with “Hold”.

Another recent and important Terreno Realty Corporation (NYSE:TRNO) news was published by Seekingalpha.com which published an article titled: “SA Interview: Investing In REITs With Robert Ruggirello, CFA” on June 10, 2018.

Terreno Realty Corporation (NYSE:TRNO) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.