On August 12, 2025, Goldman Sachs adjusted its rating for Terreno Realty (NYSE:TRNO) to "Buy," with the stock priced at $53.99. Despite this upgrade, the action remains as "hold." Goldman Sachs also revised the price target for TRNO, lowering it from $68 to $64, as highlighted by TheFly.
Terreno Realty Corporation is actively expanding its portfolio, recently acquiring an industrial property in Redondo Beach, California, for approximately $35.5 million. This acquisition, completed on August 8, is part of Terreno's strategy to strengthen its presence in key U.S. coastal markets. The property spans 100,000 square feet and is fully leased, offering a 5.8% cap rate.
The Redondo Beach property is strategically located near I-405 and adjacent to Terreno's existing property, enhancing its portfolio's value. In addition to this acquisition, Terreno has sold an asset in Santa Fe Springs and purchased another property in Long Island City for $31.1 million. These moves aim to foster future growth by building a robust and strategically located portfolio.
TRNO's stock is currently priced at $53.99, reflecting a 1.85% increase or $0.98. The stock has fluctuated between $53.17 and $54.09 during the day. Over the past year, it reached a high of $71.63 and a low of $48.18. TRNO has a market capitalization of approximately $5.58 billion, with a trading volume of 1,056,392 shares on the NYSE.
