Initiated Overweight X

TRNO Terreno Realty

Cantor Fitzgerald

$70

Downgrades Overweight Neutral X

TRNO Terreno Realty

Piper Sandler

$61

Upgrades Neutral Buy X

TRNO Terreno Realty

Goldman

$65 $77

Initiated Hold X

TRNO Terreno Realty

Deutsche Bank

$60

Downgrades Overweight Eq Weight X

TRNO Terreno Realty

Barclays

$68 $60

Downgrades Neutral Underperform X

TRNO Terreno Realty

Mizuho

$62

Downgrades Overweight Eq Weight X

TRNO Terreno Realty

Wells Fargo

$71 $75

Initiated Outperform X

TRNO Terreno Realty

Exane BNP Paribas

$68

Initiated Overweight X

TRNO Terreno Realty

Barclays

$71

Initiated Overweight X

TRNO Terreno Realty

Wells Fargo

$71

Initiated Neutral X

TRNO Terreno Realty

Wedbush

$60

Initiated Neutral X

TRNO Terreno Realty

Citigroup

$63

Initiated Neutral X

TRNO Terreno Realty

Goldman

$65

Downgrades Sec Outperform Sec Perform X

TRNO Terreno Realty

Scotiabank

$73 $54

Initiated Buy X

TRNO Terreno Realty

Stifel

$62

Initiated Mkt Outperform X

TRNO Terreno Realty

JMP Securities

$75

Downgrades Outperform Neutral X

TRNO Terreno Realty

Robert W. Baird

$80 $79

Resumed Neutral X

TRNO Terreno Realty

Mizuho

$65

Downgrades Buy Hold X

TRNO Terreno Realty

Berenberg

$70

Upgrades Hold Buy X

TRNO Terreno Realty

Jefferies

$68

Initiated Buy X

TRNO Terreno Realty

Goldman

Upgrades Neutral Buy X

TRNO Terreno Realty

Compass Point

TRNO  Terreno Realty Corporation

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment. As of December 31, 2016, the Company owned 166 buildings aggregating approximately 12 million square feet and five land parcels consisting of 22.8 acres. As of December 31, 2016, its properties were leased to 376 customers. The Company focuses on 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.