Colliers Securities analyst Barry Oxford maintained a Buy rating on Terreno Realty (TRNO – Research Report) today and set a price target of $70.00.
Barry Oxford has given his Buy rating due to a combination of factors that highlight Terreno Realty’s strategic positioning and operational strengths. The company’s assets are located in prime areas with high demand and limited supply, which supports strong rental growth potential. Despite a slight decrease in the price target, the quality and location of Terreno’s properties, along with an active acquisition and development pipeline, underpin the positive outlook.
Terreno Realty’s financial performance shows resilience, with strong same-store net operating income growth and high occupancy rates. The company has also demonstrated effective capital management, maintaining a low debt-to-market capitalization ratio and a robust balance sheet. These factors, combined with successful property acquisitions and developments, position Terreno Realty well for continued growth, justifying the Buy rating.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRNO in relation to earlier this year.