Terreno Realty Corporation (TRNO) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Aug 22, 2016.
Many Wall Street Analysts have commented on Terreno Realty Corporation. Company shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 26 from a previous price target of $24 .Company shares were Reiterated by Compass Point on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Company shares were Reiterated by Wunderlich on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 29.50 from a previous price target of $25.50 .
Terreno Realty Corporation closed down -0.19 points or -0.71% at $26.53 with 74,301 shares getting traded on Friday. Post opening the session at $26.67, the shares hit an intraday low of $26.41 and an intraday high of $26.675 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Investors should note that on Jul 27, 2016, Terreno Realty Corporation announced a cash dividend of $0.2000. The company’s management has announced Oct 5, 2016 as the ex-dividend date and fixed the record date on Oct 7, 2016. The payable date has been fixed on Oct 21, 2016.
In a different news, 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.