Barclays analyst Brendan Lynch maintained a Buy rating on Terreno Realty (TRNO – Research Report) today and set a price target of $71.00. The company’s shares closed yesterday at $55.01.
Lynch covers the Real Estate sector, focusing on stocks such as Equinix, SBA Communications, and American Tower. According to TipRanks, Lynch has an average return of -5.3% and a 44.93% success rate on recommended stocks.
In addition to Barclays, Terreno Realty also received a Buy from Colliers Securities’s Barry Oxford in a report issued yesterday. However, on May 8, Mizuho Securities maintained a Hold rating on Terreno Realty (NYSE: TRNO).
Based on Terreno Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $86.48 million and a net profit of $57.56 million. In comparison, last year the company earned a revenue of $76.01 million and had a net profit of $58.88 million
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Terreno Realty (TRNO) Company Description:
Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in San Francisco, CA.
Read More on TRNO:
- Terreno Realty (TRNO) Q1 Earnings Cheat Sheet
- Terreno Realty acquires multi-city portfolio for $364.5M
- Terreno Realty Announces Chief Accounting Officer Transition
- Terreno Realty reports March-end portfolio occupancy 96.2% vs. 98.3% last year
- Terreno Realty price target raised to $62 from $52 at Mizuho
