Scotiabank Reiterates Buy Rating for TRNO
Scotiabank maintains its buy rating on TRNO, setting a $68 price target, a 6.05% upside from the current price.
Key Points
- On June 18, 2026, Scotiabank reiterated its buy rating for TRNO with a price target of $68.
- Scotiabank's $68 price target implies 6.05% upside from Terreno Realty Corporation's ($TRNO) current $64.12 share price.
- TRNO shares are currently trading at $64.12, with recent insider buying activity noted.
- Institutional investors like BlackRock and FMR LLC have adjusted their holdings in TRNO.
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Scotiabank has reiterated its buy rating on TRNO, setting a price target of $68. This update was made by analyst Greg McGinniss on June 18, 2026. TRNO shares are currently trading at $64.12.
Other Institutional Activity in TRNO
Several institutional investors have recently adjusted their positions in TRNO. BlackRock, Inc. added 9,961 shares to hold a total of 17,798,722 shares, valued at approximately $1.09 billion. FMR LLC increased its stake significantly by 687,269 shares, bringing its total to 11,488,647 shares worth about $705.6 million. Vanguard Portfolio Management LLC established a new position with 10,317,837 shares valued at $633.7 million. Meanwhile, State Street Corp slightly reduced its holdings by 4,636 shares, now holding 5,802,132 shares valued at $359.3 million.
Insider Buying and Selling at Terreno Realty Corporation
On May 5, 2026, several insiders, including Carlson Leroy, Donahue Paul Joseph, and Von Muehlen Constance, each purchased 2,462 shares of TRNO. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On June 18, 2026, Scotiabank maintained its buy rating on TRNO with a price target of $68. Earlier, on June 1, Wells Fargo also maintained a hold rating with a $64 target. The consensus among analysts is generally positive, with a buy recommendation and a mean target price reflecting optimism about the stock's potential.
About TRNO
TRNO is a company involved in the real estate sector, focusing on acquiring, owning, and operating industrial properties in key markets. The company is known for its strategic investments in logistics and distribution centers. TRNO is headquartered in the United States and continues to expand its portfolio to meet the growing demand for industrial real estate.
Bottom Line
Scotiabank's reiterated buy rating and the $68 price target for TRNO suggest confidence in the company's future performance. Investors often track such analyst updates to gauge market sentiment and potential stock movements. As always, it's important to remember that analyst ratings are based on current data and can change as new information becomes available.
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