Terreno Realty (TRNO) Plunges 4.16% on Occupancy Concerns, Analyst Downgrades

Terreno Realty (TRNO) shares plunged 4.16% today, marking the fourth consecutive day of decline, with a total drop of 19.89% over the past four days. The stock price hit its lowest level since October 2023, experiencing an intraday decline of 5.54%.

One of the key factors influencing Terreno Realty's stock price is the slight decline in same-store occupancy rates. At the end of Q1 2025, the occupancy rate decreased to 97.4% from 98.3% in the previous quarter. This reduction in occupancy could impact investor sentiment, as it suggests potential challenges in maintaining high occupancy levels.

Additionally, Terreno Realty has faced downgrades from several analysts. Piper Sandler lowered its rating from Overweight to Neutral and reduced its price target from $78 to $61. This change reflects a more cautious outlook on the company's stock performance. Similarly, Scotiabank also lowered its price target to $57 from $68, while maintaining a Sector Perform rating. These downgrades further indicate concerns about the company's future prospects and could negatively affect the stock price.