Jefferies Maintains Terreno Realty Corporation to Hold with Price Target $26.00

Brokerage firm Jefferies Maintains its rating on Terreno Realty Corporation(NYSE:TRNO). In a research note issued to the investors, the brokerage major Raises the price-target to $26.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Aug 18, 2016.

In a different note, On Jul 29, 2016, FBR Capital said it Maintains its rating on Terreno Realty Corporation. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Terreno Realty Corporation (TRNO) made into the market gainers list on Mondays trading session with the shares advancing 0.19% or 0.05 points. Due to strong positive momentum, the stock ended at $26.77, which is also near the day’s high of $26.96. The stock began the session at $26.73 and the volume stood at 1,88,024 shares. The 52-week high of the shares is $27.98 and the 52 week low is $19.2. The company has a current market capitalization of $1,233 M and it has 4,60,53,976 shares in outstanding.

Terreno Realty Corporation has also declared a cash dividend of $0.2000 on Jul 27, 2016. The shares will quote ex-dividend on Oct 5, 2016 and the record date has been fixed on Oct 7, 2016. The dividend payable date has been fixed on Oct 21, 2016.

Terreno Realty Corporation(TRNO) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $25.82M. Analysts had an estimated revenue of $23.12M. Earnings per share were $0.04.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2015, Douglas M Pasquale (director) purchased 3,500 shares at $19.88 per share price.

Terreno Realty Corporation (Terreno) acquires owns and operates industrial real estate located in six coastal United States markets: Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area and Washington D.C./Baltimore. The Company is engaged in the activities related to investing in real estate. The Company invests in several types of industrial real estate including warehouse or distribution; flex which include light industrial and research and development (R&D) and trans-shipment. The Company owns approximately126 buildings aggregating approximately nine million square feet and two improved land parcels which consist of approximately three acres.

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