Wells Fargo analyst James Feldman maintained a Buy rating on Terreno Realty (TRNO – Research Report) on February 16 and set a price target of $71.00. The company’s shares closed last Friday at $62.70.
Feldman covers the Real Estate sector, focusing on stocks such as Equity Lifestyle, AvalonBay, and Sun Communities. According to TipRanks, Feldman has an average return of 0.1% and a 55.93% success rate on recommended stocks.
Currently, the analyst consensus on Terreno Realty is a Moderate Buy with an average price target of $66.42, representing a 5.93% upside. In a report released on February 12, Colliers Securities also maintained 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 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
Based on the recent corporate insider activity of 16 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:
- Terreno Realty Updates At the Market Equity Program
- Terreno Realty files to sell common, preferred stock, no amount given
- Terreno Realty price target raised to $65 from $63 at JMP Securities
- TRNO Upcoming Earnings Report: What to Expect?
- Terreno Realty announces redevelopment in two-building property in California
