Fintel reports that on January 8, 2026, Baird upgraded their outlook for Terreno Realty (NYSE:TRNO) from Neutral to Outperform.
Analyst Price Forecast Suggests 14.11% Upside
As of December 21, 2025, the average one-year price target for Terreno Realty is $67.44/share. The forecasts range from a low of $56.56 to a high of $84.00. The average price target represents an increase of 14.11% from its latest reported closing price of $59.10 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Terreno Realty is 562MM, an increase of 27.00%. The projected annual non-GAAP EPS is 1.73.
What is the Fund Sentiment?
There are 762 funds or institutions reporting positions in Terreno Realty. This is an decrease of 24 owner(s) or 3.05% in the last quarter. Average portfolio weight of all funds dedicated to TRNO is 0.29%, an increase of 1.05%. Total shares owned by institutions decreased in the last three months by 2.74% to 134,381K shares. 
The put/call ratio of TRNO is 0.14, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 6,154K shares representing 5.95% ownership of the company. In its prior filing, the firm reported owning 6,167K shares , representing a decrease of 0.20%. The firm decreased its portfolio allocation in TRNO by 12.24% over the last quarter.
T. Rowe Price Investment Management holds 4,480K shares representing 4.33% ownership of the company. In its prior filing, the firm reported owning 4,897K shares , representing a decrease of 9.30%. The firm decreased its portfolio allocation in TRNO by 10.36% over the last quarter.
Price T Rowe Associates holds 4,011K shares representing 3.88% ownership of the company. In its prior filing, the firm reported owning 3,890K shares , representing an increase of 3.01%. The firm decreased its portfolio allocation in TRNO by 1.45% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,830K shares representing 3.70% ownership of the company. In its prior filing, the firm reported owning 3,743K shares , representing an increase of 2.25%. The firm decreased its portfolio allocation in TRNO by 0.15% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,318K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 3,155K shares , representing an increase of 4.92%. The firm decreased its portfolio allocation in TRNO by 16.77% over the last quarter.
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