Terreno Realty Corporation (TRNO) may enjoy gains as insiders got busy in the recent days


Terreno Realty Corporation’s filing revealed that its Director CARLSON LEROY E unloaded Company’s shares for reported $0.23 million on Dec 02. In the deal valued at $58.49 per share,4,000 shares were sold. As a result of this transaction, CARLSON LEROY E now holds 37,791 shares worth roughly $ 2.36 million.

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Then, PASQUALE DOUGLAS M bought 1,000 shares, generating $64,000 in total proceeds. Upon buying the shares at $64.00, the Director now owns 105,518 shares.

Before that, PASQUALE DOUGLAS M bought 1,000 shares. Terreno Realty Corporation shares valued at $64,490 were divested by the Director at a price of $64.49 per share. As a result of the transaction, PASQUALE DOUGLAS M now holds 104,518 shares, worth roughly $6.53 million.

Scotiabank downgraded its Terreno Realty Corporation [TRNO] rating to a Sector perform from a a Sector outperform in a research note published on Tuesday, October 17, 2022; the price target was decreased to $54 from $73. PT values the company’s stock at a premium of -15.65 to its Tuesday closing price. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. JMP Securities began covering TRNO with “Mkt outperform” recommendation on May 18, 2022. Robert W. Baird revised its rating on January 11, 2022. It rated TRNO as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of TRNO

On Tuesday, Terreno Realty Corporation [NYSE:TRNO] saw its stock jump 2.73% to $62.45. On the same session, the stock had its day’s lowest price of $61.25, but rose to a high of $62.55. Over the last five days, the stock has lost -0.41%. Terreno Realty Corporation shares have risen nearly 9.81% since the year began. Nevertheless, the stocks have fallen -9.11% over the past one year. While a 52-week high of $81.01 was reached on 02/02/23, a 52-week low of $50.36 was recorded on 01/03/23. SMA at 50 days reached $62.60, while 200 days put it at $59.32. A total of 0.51 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For TRNO Stock

The 24-hour chart illustrates a support level at 61.62, which if violated will result in even more drops to 60.78. On the upside, there is a resistance level at 62.92. A further resistance level may holdings at 63.38. The Relative Strength Index (RSI) on the 14-day chart is 49.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.16%. Stochastics %K at 34.87% indicates the stock is a holding.

Terreno Realty Corporation [TRNO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,387,576 shares, or roughly 12.67% of the outstanding TRNO shares. In other words, the investor’s shares have risen by 113,057 from its previous 13-F filing of 10274519.0. Additionally, BlackRock Fund Advisors increased 1.49% of its stake after which the total value it holdings stand at $359,249,810, while Principal Global Investors LLC reduced -12.96% of its stake to hold $305.2 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme purchased 217,579 shares of Terreno Realty Corporation, while Principal Real Estate Investors L bought 31,748 shares. At present, SSgA Funds Management, Inc. is holding 3,592,505 shares valued at $223.49 million. Fidelity Management & Research Co owned 3,399,271 shares of the company at the time of its most recent 13F filing, worth $211.47 million.

According to FactSet, Terreno Realty Corporation’s share price will average $70.27 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.8 percent from its previous closing price of $60.79. Analysts expect Terreno Realty Corporation stock to reach the higher price of $80.00, while the lowest price estimate is $64.00. However, 12 analysts have rated TRNO stock as an Overweight in their predictions for 2023.


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