Terreno Realty (TRNO) Receives a Sell from Mizuho Securities
Mizuho Securities analyst Vikram Malhotra maintained a Sell rating on Terreno Realty yesterday and set a price target of $56.00. The company’s shares closed yesterday at $62.43.
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According to TipRanks, Malhotra is a 2-star analyst with an average return of 0.5% and a 47.81% success rate. Malhotra covers the Real Estate sector, focusing on stocks such as Rexford Industrial Realty, American Tower, and Welltower.
Currently, the analyst consensus on Terreno Realty is a Moderate Buy with an average price target of $65.23.
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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