D.A. Davidson Reiterates a Buy Rating on Terreno Realty Corp.

By Austin Angelo

In a report issued on November 11, Barry Oxford from D.A. Davidson reiterated a Buy rating on Terreno Realty Corp. (NYSE: TRNO), with a price target of $35. The company’s shares closed last Friday at $25.50.

According to TipRanks.com, Oxford is a 1-star analyst with an average return of -1.6% and a 31.3% success rate. Oxford covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, National Retail Properties, and Chambers Street Properties.

Terreno Realty Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $30.

Terreno Realty Corp.’s market cap is currently $1.18B and has a P/E ratio of 110.87. The company has a book value ratio of 1.5850.

Based on the recent corporate insider activity of 9 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. Most recently, in June 2015, Douglas Pasquale, a Director at TRNO bought 3,354 shares for a total of $66,541.

Terreno Realty Corp. is a real estate company, which acquires, owns and operates industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, including light industrial, research and development, and trans-shipment. The company owns and operates properties in six major coastal U.S. markets: Los Angeles Area, Northern New Jersey and New York City, San Francisco Bay Area, Seattle Area, Miami Area and Washington, District of Colombia and Baltimore. Terreno Realty was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in San Francisco, CA.