Price Action Alert: Does Terreno Realty Corporation Have Any Gas After Today’s Huge Decline?

Price Action Alert: Does Terreno Realty Corporation Have Any Gas After Today's Huge Decline?

The stock of Terreno Realty Corporation (NYSE:TRNO) is a huge mover today! Terreno Realty Corporation (NYSE:TRNO) has risen 18.90% since March 2, 2016 and is uptrending. It has outperformed by 10.64% the S&P500.
The move comes after 6 months negative chart setup for the $1.17 billion company. It was reported on Oct, 5 by Barchart.com. We have $23.48 PT which if reached, will make NYSE:TRNO worth $81.90M less.

Analysts await Terreno Realty Corporation (NYSE:TRNO) to report earnings on November, 2. They expect $0.26 EPS, 0.00% or $0.00 from last year’s $0.26 per share. TRNO’s profit will be $12.05M for 24.28 P/E if the $0.26 EPS becomes a reality. After $0.22 actual EPS reported by Terreno Realty Corporation for the previous quarter, Wall Street now forecasts 18.18% EPS growth.

Terreno Realty Corporation (NYSE:TRNO) Ratings Coverage

Out of 8 analysts covering Terreno Realty (NYSE:TRNO), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Terreno Realty has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Terreno Realty Corporation (NYSE:TRNO) has “Mkt Perform” rating given on Friday, July 29 by FBR Capital. Jefferies initiated the stock with “Hold” rating in Friday, January 22 report. Cowen & Co initiated the shares of TRNO in a report on Wednesday, August 12 with “Outperform” rating. The stock has “Mkt Perform” rating given by JMP Securities on Monday, August 22. The stock of Terreno Realty Corporation (NYSE:TRNO) has “Neutral” rating given on Thursday, November 5 by Compass Point. The rating was maintained by Compass Point on Thursday, February 11 with “Neutral”. As per Monday, October 19, the company rating was initiated by Sandler O’Neill. BTIG Research initiated it with “Buy” rating and $30 target price in Thursday, August 25 report. Robert W. Baird downgraded it to “Neutral” rating and $25.0 target price in Thursday, January 7 report. On Thursday, March 17 the stock rating was initiated by FBR Capital with “Market Perform”.

According to Zacks Investment Research, “Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company’s main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties.”

Insitutional Activity: The institutional sentiment increased to 2.11 in Q2 2016. Its up 0.92, from 1.19 in 2016Q1. The ratio improved, as 6 funds sold all Terreno Realty Corporation shares owned while 31 reduced positions. 19 funds bought stakes while 59 increased positions. They now own 44.50 million shares or 4.28% more from 42.67 million shares in 2016Q1.
The Switzerland-based Credit Suisse Ag has invested 0% in Terreno Realty Corporation (NYSE:TRNO). Springbok Cap Mgmt Limited Liability Company, a New York-based fund reported 28,800 shares. Loeb Prns has invested 0.16% of its portfolio in Terreno Realty Corporation (NYSE:TRNO). Credit Agricole S A last reported 0% of its portfolio in the stock. Chicago Equity Partners Limited Co holds 0.03% of its portfolio in Terreno Realty Corporation (NYSE:TRNO) for 37,280 shares. Raymond James & Assocs holds 0% or 30,454 shares in its portfolio. Moreover, Amer International Group has 0% invested in Terreno Realty Corporation (NYSE:TRNO) for 24,563 shares. State Board Of Administration Of Florida Retirement has 0% invested in the company for 37,840 shares. Us Bancorp De has 0% invested in the company for 20,121 shares. Fifth Third Bancorp accumulated 74,575 shares or 0.02% of the stock. Tiaa Cref Management holds 0% or 179,296 shares in its portfolio. Dimensional Fund Advisors Ltd Partnership holds 403,024 shares or 0.01% of its portfolio. The Delaware-based Blackrock Ltd Liability Corporation has invested 0% in Terreno Realty Corporation (NYSE:TRNO). Jennison Associates Llc has 0% invested in the company for 14,568 shares. Moreover, Principal Fincl Grp Inc has 0.02% invested in Terreno Realty Corporation (NYSE:TRNO) for 682,513 shares.

More notable recent Terreno Realty Corporation (NYSE:TRNO) news were published by: Businesswire.com which released: “Terreno Realty Corporation Announces Lease in Kent, WA” on September 27, 2016, also Reuters.com with their article: “BRIEF-Terreno Realty Corp acquires building in Inglewood,CA for $5.2 mln” published on September 21, 2016, Finance.Yahoo.com published: “Terreno Realty Corporation Announces Quarterly Operating, Investment and …” on July 12, 2016. More interesting news about Terreno Realty Corporation (NYSE:TRNO) were released by: Businesswire.com and their article: “Terreno Realty Corporation Acquires Building in Inglewood, CA for $5.2 Million” published on September 21, 2016 as well as Businesswire.com‘s news article titled: “Terreno Realty Corporation Acquires Building in Somerset, NJ for $9.1 Million” with publication date: September 06, 2016.

TRNO Company Profile

Terreno Realty Corporation (Terreno), incorporated on November 6, 2009, is a real estate investment trust. The Firm acquires, owns and operates industrial real estate located in approximately six coastal United States markets, such as Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area, and Washington, D.C./Baltimore. The Firm invests in various types of industrial real estate, including warehouse/distribution; flex, which include light industrial and research and development (R&D), and trans-shipment.

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