Wells Fargo Sticks to Its Hold Rating for Terreno Realty (TRNO)
Wells Fargo analyst James Feldman maintained a Hold rating on Terreno Realty today and set a price target of $63.00.
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Feldman covers the Real Estate sector, focusing on stocks such as AvalonBay, Diamondrock, and Equity Residential. According to TipRanks, Feldman has an average return of -0.9% and a 44.62% success rate on recommended stocks.
In addition to Wells Fargo, Terreno Realty also received a Hold from Citi’s Craig Mailman in a report issued on November 13. However, on November 20, KeyBanc maintained a Buy rating on Terreno Realty (NYSE: TRNO).
Based on Terreno Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $116.25 million and a net profit of $103.38 million. In comparison, last year the company earned a revenue of $99.64 million and had a net profit of $36.64 million
Based on the recent corporate insider activity of 20 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.
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