Terreno Realty Corp Gets a Hold Rating from Jefferies

By Jason Carr

In a report released today, Jonathan Petersen from Jefferies reiterated a Hold rating on Terreno Realty Corp (NYSE: TRNO), with a price target of $35. The company’s shares opened today at $32.74, close to its 52-week high of $34.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 13.4% and a 78.4% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.

Terreno Realty Corp has an analyst consensus of Moderate Buy, with a price target consensus of $34.17.

Based on Terreno Realty Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $31.11 million and quarterly net profit of $5.77 million. In comparison, last year the company earned revenue of $25.31 million and had a net profit of $7.38 million.

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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, including light industrial, research and development, and trans-shipment. It also 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. The company was founded by Michael A. Coke and W. Blake Baird on November 6, 2009 and is headquartered in San Francisco, CA.,00C92Q-E