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Terreno Realty (NYSE:TRNO) has been downgraded from Market Outperform to Market Perform in a report by JMP Securities today.

Only yesterday Terreno Realty (NYSE:TRNO) traded 1.78% higher at $26.53. TRNO’s 50-day average is $26.91 and its two hundred day average is $24.67. With the last stock price up 9.00% from the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. 447,601 shares of TRNO were exchanged, up from ann avg. volume of 207,388.

JMP Securities has downgraded Terreno Realty(NYSE:TRNO) from Market Outperform to Market Perform in a report released 8/22/2016.

Previously on 7/29/2016, FBR Capital released a statement about Terreno Realty(NYSE:TRNO) upped the target price from $24.00 to $26.00 that indicated a possible downside of -0.07%.

Performance Graph:

Terreno Realty (NYSE:TRNO)

Also covering Terreno Realty’s price target, a total of 11 analysts have released a research note on the company. The 12-month target price is $24.45 with three firms rating the company a strong buy, six firms rating the company a buy, four analysts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analysts rating the stock as sell.

Terreno Realty has a P/E of 103 with a one-year low of $19.20 and a 52 week high of $27.98. TRNO’s total market value is presently $0.0.

General Company Details For Terreno Realty (NYSE:TRNO)

Terreno Realty Corporation (Terreno) is a real estate investment trust. The Company acquires, owns and operates industrial real estate located in approximately six coastal United States markets, such as Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area, and Washington, D.C./Baltimore. The Company invests in various types of industrial real estate, including warehouse/distribution; flex, which include light industrial and research and development (R&D), and trans-shipment. The Company invests approximately 92.2% of its total portfolio square footage in warehouse or distribution; approximately 6.3% of its total portfolio square footage in flex, and and approximately 1.5% of its total portfolio square footage in trans-shipment. Terreno owns approximately 150 buildings aggregating approximately 11.1 million square feet and over two improved land parcels consisting of approximately 3.5 acres.

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