Piper Sandler analyst Alexander Goldfarb reiterated a Buy rating on Terreno Realty (TRNO – Research Report) today and set a price target of $70.00. The company’s shares closed yesterday at $60.16.
According to TipRanks, Goldfarb is a 3-star analyst with an average return of 2.0% and a 53.95% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as AvalonBay, SL Green Realty, and UDR.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Terreno Realty with a $66.11 average price target, a 9.89% upside from current levels. In a report released on January 26, KeyBanc also reiterated a Buy rating on the stock with a $70.00 price target.
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Based on Terreno Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $82.92 million and a net profit of $30.32 million. In comparison, last year the company earned a revenue of $70.8 million and had a net profit of $22.44 million
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRNO in relation to earlier this year.
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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:
- TRNO Upcoming Earnings Report: What to Expect?
- Terreno Realty announces redevelopment in two-building property in California
- Terreno Realty says operating portfolio 98.5% leased at December 31, 2023
- Terreno Realty names John Meyer COO
- Terreno Realty acquires industrial property in Washington for $6.5M
