Terreno Realty (TRNO)

• Market cap: $6.11B
• Sector: Real Estate
• Industry: Real Estate

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

30% more repeat investments, than reductions

Existing positions increased: 139 | Existing positions reduced: 107

4.33% less ownership

Funds ownership: 109.94% [Q1] → 105.61% (-4.33%) [Q2]

5% less funds holding

Funds holding: 321 [Q1] → 305 (-16) [Q2]

8% less capital invested

Capital invested by funds: $6.55B [Q1] → $6.03B (-$521M) [Q2]

33% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 48

40% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 3 (-2) [Q2]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $5K

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $62 2% downside
• Avg. target: $69 10% upside
• High target: $75 19% upside

5 analyst ratings

• positive: 1 20%
• neutral: 3 60%
• negative: 1 20%

Mizuho Vikram Malhotra 75% 1-year accuracy 6 / 8 met price target	2% downside $62	Underperform Downgraded	5 Sept 2024
Wells Fargo Blaine Heck 50% 1-year accuracy 5 / 10 met price target	19% upside $75	Equal-Weight Downgraded	28 Aug 2024
Scotiabank Greg McGinniss 100% 1-year accuracy 1 / 1 met price target	11% upside $70	Sector Perform Maintained	26 Aug 2024
JMP Securities Mitch Germain 92% 1-year accuracy 22 / 24 met price target	14% upside $72	Market Outperform Maintained	13 Aug 2024
Goldman Sachs Caitlin Burrows 47% 1-year accuracy 14 / 30 met price target	8% upside $68	Neutral Maintained	12 Aug 2024