Terreno Realty (TRNO) Stock Price, News & Analysis

Company Overview

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land parcels consisting of approximately 152.4 acres, seven properties under development or redevelopment and approximately 62.7 acres of land entitled for future development. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.

Key Stats

• Today's Range: $59.79 to $60.90
• 50-Day Range: $59.73 to $69.53
• 52-Week Range: $53.78 to $71.63
• Volume: 1.28 million shs
• Average Volume: 707,326 shs
• Market Capitalization: $6.01 billion
• P/E Ratio: 33.09
• Dividend Yield: 3.25%
• Price Target: $69.22
• Consensus Rating: Hold

Terreno Realty Stock Analysis - MarketRank™

Terreno Realty scored higher than 66% of companies evaluated by MarketBeat, and ranked 397th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Terreno Realty has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 4 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Terreno Realty has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.37%

Earnings Growth

Earnings for Terreno Realty are expected to grow by 10.37% in the coming year, from $2.41 to $2.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Terreno Realty is 33.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Terreno Realty is 33.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.72.

Price to Earnings Growth Ratio

Terreno Realty has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Terreno Realty has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.38% of the outstanding shares of Terreno Realty have been sold short.

Short Interest Ratio / Days to Cover

Terreno Realty has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Terreno Realty has recently increased by 13.09%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Terreno Realty pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Terreno Realty does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Terreno Realty is 107.69%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Terreno Realty will have a dividend payout ratio of 73.68% next year. This indicates that Terreno Realty will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.38% of the outstanding shares of Terreno Realty have been sold short.

Short Interest Ratio / Days to Cover

Terreno Realty has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Terreno Realty has recently increased by 13.09%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.70

News Sentiment

Terreno Realty has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Terreno Realty this week, compared to 5 articles on an average week.

MarketBeat Follows

3 people have added Terreno Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Terreno Realty insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.40% of the stock of Terreno Realty is held by insiders.

TRNO Stock Analysis - Frequently Asked Questions

How have TRNO shares performed this year?

Terreno Realty's stock was trading at $62.67 at the start of the year. Since then, TRNO shares have decreased by 3.9% and is now trading at $60.23.
View the best growth stocks for 2024 here.

How were Terreno Realty's earnings last quarter?

Terreno Realty Co. (NYSE:TRNO) posted its earnings results on Wednesday, November, 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.24. The real estate investment trust had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a trailing twelve-month return on equity of 4.94% and a net margin of 45.37%.

Who are Terreno Realty's major shareholders?

Top institutional shareholders of Terreno Realty include FMR LLC (10.63%), Principal Financial Group Inc. (5.11%), State Street Corp (4.16%) and Geode Capital Management LLC (2.42%). Insiders that own company stock include W Blake Baird, Michael A Coke, John Tull Meyer, Jaime Jackson Cannon, Leroy E Carlson and Melinda Weston.
View institutional ownership trends.

How do I buy shares of Terreno Realty?

Shares of TRNO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Terreno Realty own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Terreno Realty investors own include American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH), Humana (HUM), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 10/11 Dividend: 9/30/2024
• Dividend Payable: 10/11/2024
• Last Earnings: 11/06/2024
• Today: 11/21/2024
• Ex-Dividend for 1/7 Dividend: 12/13/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/07/2025
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate
• Sub-Industry: Industrial REITs
• Current Symbol: NYSE:TRNO
• CUSIP: 88146M10
• CIK: 1476150
• Web: www.terreno.com
• Phone: (415) 655-4580
• Fax: 415-655-4599
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $69.22
• High Stock Price Target: $75.00
• Low Stock Price Target: $62.00
• Potential Upside/Downside: +14.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.30
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.82
• Trailing P/E Ratio: 33.37
• Forward P/E Ratio: 25.20
• P/E Growth: 2.79
• Net Income: $151.46 million
• Net Margins: 45.37%
• Pretax Margin: 45.42%
• Return on Equity: 4.94%
• Return on Assets: 3.82%

Debt

• Debt-to-Equity Ratio: 0.20
• Current Ratio: 2.71
• Quick Ratio: 2.71

Sales & Book Value

• Annual Sales: $323.59 million
• Price / Sales: 18.72
• Cash Flow: $2.50 per share
• Price / Cash Flow: 24.34
• Book Value: $36.41 per share
• Price / Book: 1.67

Miscellaneous

• Outstanding Shares: 99,740,000
• Free Float: 97,342,000
• Market Cap: $6.06 billion
• Optionable: Optionable
• Beta: 0.90