Mizuho Securities analyst Vikram Malhotra maintains a Sell rating on Terreno Realty with a price target of $53.00. The company's shares opened at $56.70. Currently, the analyst consensus is a Hold with an average price target of $60.25. Malhotra has a 48.84% success rate on recommended stocks.
Terreno Realty Corporation (NYSE: TRNO) recently experienced a notable shift in analyst sentiment. Mizuho Securities analyst Vikram Malhotra downgraded the stock to a Sell rating with a price target of $53.00 [2]. This change comes despite the company's recent acquisition of an industrial property in Long Island City, Queens, for $31.1 million on June 30, 2025 [1]. The acquisition suggests that Terreno Realty is expanding its industrial portfolio, which could have a positive impact on its financial performance in the long run.
The current analyst consensus is a Hold with an average price target of $60.25. This suggests a mixed sentiment among analysts, with some maintaining a cautious view on the stock's prospects. Malhotra's success rate on recommended stocks is 48.84%, indicating a moderate track record, although his recent downgrade might raise questions about his current assessment of Terreno Realty's valuation.
American Tower (AMT) has been receiving a strong analyst consensus rating. Vikram Malhotra from Mizuho Securities maintained a Buy rating on the stock with a price target of $217.00 [2]. The company's shares closed today at $222.83. BMO Capital also maintained a Buy rating on the stock with a $250.00 price target. The average price target on the stock is $246.80, suggesting a 10.76% upside from current levels. American Tower reported a quarterly revenue of $2.56 billion and a net profit of $488.7 million for the quarter ending March 31, 2025 [2].
References:
[1] https://www.marketscreener.com/quote/stock/TERRENO-REALTY-CORPORATIO-5915827/news/Terreno-Realty-Corporation-acquired-Industrial-property-located-at-49-10-27th-Street-in-Long-Island-50395263/
[2] https://www.theglobeandmail.com/investing/markets/stocks/AMT/pressreleases/33209751/american-tower-amt-receives-a-buy-from-mizuho-securities/
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