TRNO (Terreno Realty Corporation) may reap gains as insiders became active recently

Terreno Realty Corporation’s filing revealed that its PRESIDENT COKE MICHAEL A unloaded Company’s shares for reported $0.6 million on Aug 04. In the deal valued at $59.60 per share,10,000 shares were sold. As a result of this transaction, COKE MICHAEL A now holds 395,988 shares worth roughly $ 23.83 million.

Then, CARLSON LEROY E sold 4,000 shares, generating $233,960 in total proceeds. Upon selling the shares at $58.49, the Director now owns 37,791 shares.

Citigroup initiated its Terreno Realty Corporation [TRNO] rating to a Neutral in a research note published on Friday, July 19, 2023; the price target was $63. PT values the company’s stock at a premium of 4.46 to its Friday closing price.

Price Performance Review of TRNO

On Friday, Terreno Realty Corporation [NYSE:TRNO] saw its stock jump 1.16% to $60.19. On the same session, the stock had its day’s lowest price of $59.40, but rose to a high of $60.45. Over the last five days, the stock has gained 3.99%. Terreno Realty Corporation shares have risen nearly 5.84% since the year began. Nevertheless, the stocks have fallen -5.18% over the past one year. While a 52-week high of $67.03 was reached on 02/02/23, a 52-week low of $50.36 was recorded on 01/03/23. SMA at 50 days reached $59.17, while 200 days put it at $60.51. A total of 0.5 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For TRNO Stock

The 24-hour chart illustrates a support level at 59.58, which if violated will result in even more drops to 58.96. On the upside, there is a resistance level at 60.63. A further resistance level may holdings at 61.06. The Relative Strength Index (RSI) on the 14-day chart is 55.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.45%. Stochastics %K at 84.52% indicates the stock is a selling.

How much short interest is there in Terreno Realty Corporation?

A steep rise in short interest was recorded in Terreno Realty Corporation stocks on Aug 14, 2023, growing by 0.51 million shares to a total of 2.43 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.92 million shares. There was a rise of 20.99%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.40% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.22.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,543,697 shares, or roughly 13.87% of the outstanding TRNO shares. In other words, the investor’s shares have risen by 267,227 from its previous 13-F filing of 11276470.0. Additionally, BlackRock Fund Advisors increased 4.33% of its stake after which the total value it holdings stand at $382,331,833, while Principal Global Investors LLC reduced -0.72% of its stake to hold $263.24 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme purchased 36,885 shares of Terreno Realty Corporation, while Principal Real Estate Investors L bought 31,748 shares. At present, SSgA Funds Management, Inc. is holding 3,930,509 shares valued at $233.24 million. Invesco Advisers, Inc. owned 2,790,982 shares of the company at the time of its most recent 13F filing, worth $165.62 million.

According to FactSet, Terreno Realty Corporation’s share price will average $70.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.65 percent from its previous closing price of $59.50. Analysts expect Terreno Realty Corporation stock to reach the higher price of $80.00, while the lowest price estimate is $63.00. However, 13 analysts have rated TRNO stock as an Overweight in their predictions for 2023.