Zacks Investment Research upgraded shares of TERRENO REALTY (TRNO) from UNDERPERFORM to NEUTRAL on September 18, 2014, with a target price of $19.70.
Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company's main focus is on markets in Los Angeles Area Northern New Jersey/New York City San Francisco Bay Area Seattle Area Miami Area and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties.
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