Scotiabank Reiterates Buy Rating on Terreno Realty

Scotiabank has reiterated its buy rating for Terreno Realty Corporation (NYSE:TRNO), setting a price target of $68. This announcement, made on June 18, 2026, reflects ongoing confidence in the company’s potential, as the stock trades near $64.12.

Other Institutional Activity in Terreno Realty

Several major funds have adjusted their positions in Terreno Realty. BlackRock, Inc. added 9,961 shares, bringing its total to over 17.8 million shares worth about $1.09 billion. FMR LLC boosted its holdings by 687,269 shares, ending with approximately 11.5 million shares valued at $705.6 million. Meanwhile, State Street Corp slightly trimmed its position by 4,636 shares, now holding about 5.8 million shares valued at $359.3 million.

Terreno Realty Corporation Stock Down 1.7%

Shares of Terreno Realty Corporation (NYSE:TRNO) are trading around $64.12. The company has a market cap of $6.8 billion and a P/E ratio of 15.7, with a forward P/E of 37.3. Its beta is 1.063, indicating moderate volatility compared to the market. The stock's 52-week range is between $53.00 and $67.83, with a 50-day moving average of $65.66 and a 200-day moving average of $62.19.

Recent Earnings

Terreno Realty reported revenues of $490.4 million, reflecting a growth rate of 12.7%. The company's net margin stands at 86.5%, and its return on equity is 10.4%. The next earnings release is anticipated on August 5, 2026.

Dividend

The company offers a dividend rate of $2.08, yielding 3.14% with a payout ratio of 50%. This provides a steady income stream for investors.

Insider Buying and Selling at Terreno Realty Corporation

On May 5, 2026, several insiders, including Carlson Leroy and Donahue Paul Joseph, purchased 2,462 shares each. These transactions were not part of a pre-arranged trading plan.

Analysts Set New Price Targets

On June 18, 2026, Scotiabank maintained its buy rating on Terreno Realty with a $68 price target. Wells Fargo also maintained a hold rating with a $64 target on June 1, 2026. The consensus rating for Terreno Realty is a buy, with an average target price of $70.06 based on 17 analyst opinions.

About Terreno Realty Corporation

Terreno Realty Corporation is a real estate investment trust (REIT) that acquires, owns, and operates industrial real estate primarily across six major U.S. coastal markets, including New York City, Los Angeles, and San Francisco. Headquartered in Bellevue, Washington, and led by CEO W. Blake Baird, the company manages a portfolio of 307 buildings totaling about 20.2 million square feet. It is structured to be taxed as a REIT, providing tax advantages and requiring the distribution of the majority of its income as dividends.

Bottom Line

Terreno Realty Corporation continues to attract positive attention from analysts, with Scotiabank reiterating its buy rating and setting a $68 target. The company remains a significant player in the industrial REIT sector, with a robust portfolio and strong financial performance. Investors often track such reports for insights, but it's important to remember that these ratings reflect past data and may not represent future performance.