In a report released yesterday, Omotayo Okusanya from Jefferies reiterated a Hold rating on Terreno Realty Corp (NYSE: TRNO), with a price target of $36. The company’s shares closed yesterday at $37.16.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Easterly Government Properties, and NexPoint Residential Trust Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Terreno Realty Corp with a $41 average price target, representing a 10.3% upside. In a report issued on July 12, MUFG Securities Americas Inc also maintained a Hold rating on the stock with a $37 price target.
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Based on Terreno Realty Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $9.99 million. In comparison, last year the company had a net profit of $15.42 million.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRNO in relation to earlier this year.
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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.
