Goldman Sachs lowered the firm’s price target on Terreno Realty (TRNO) to $63 from $68 and keeps a Neutral rating on the shares. The company’s Q3 FFO of 62c per share was in line with consensus estimates, and the firm is revising its model, reflecting lower leasing spreads amid slowing market rent growth, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRNO:
- Terreno Realty announces development start in Hialeah, FL
- Terreno Realty price target lowered to $68 from $69 at Barclays
- Terreno Realty (TRNO) Q3 Earnings Cheat Sheet
- Terreno Realty price target lowered to $67 from $70 at Scotiabank
- Terreno Realty says operating portfolio 97% leased at September 30, 2024