Terreno Realty (NYSE:TRNO) Reaches New 12-Month High - Time to Buy?

Key Points

• Terreno Realty (TRNO) shares hit a new 52‑week high of $67.04 (last $66.675) on volume of 305,092, trading above its 50‑day ($63.93) and 200‑day ($61.64) moving averages.
• Multiple analysts raised targets — Cantor Fitzgerald to $75, KeyCorp to $72, Citi to $70 — leaving a consensus Moderate Buy rating with a $69.36 consensus target price.
• The REIT reported an EPS beat ($1.53 vs. $0.85 expected) with revenue above estimates and recently paid a $0.52 quarterly dividend (3.1% yield; DPR 53.33%).

Terreno Realty Corporation (NYSE:TRNO - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $67.04 and last traded at $66.6750, with a volume of 305092 shares. The stock had previously closed at $65.76.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRNO. Cantor Fitzgerald increased their price objective on shares of Terreno Realty from $67.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. KeyCorp increased their price objective on shares of Terreno Realty from $68.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, February 9th. Citigroup increased their price objective on shares of Terreno Realty from $64.00 to $70.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. Robert W. Baird set a $67.00 price objective on shares of Terreno Realty in a research report on Wednesday, February 11th. Finally, Citizens Jmp increased their price objective on shares of Terreno Realty from $66.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.36.

Terreno Realty Stock Performance

The firm has a market capitalization of $7.10 billion, a P/E ratio of 17.14 and a beta of 1.12. The company's 50 day moving average is $63.93 and its 200-day moving average is $61.64. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.68. Terreno Realty had a net margin of 84.51% and a return on equity of 10.08%. The business had revenue of $137.48 million for the quarter, compared to analyst estimates of $124.72 million. As a group, equities analysts anticipate that Terreno Realty Corporation will post 2.64 EPS for the current year.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, March 27th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, March 27th. Terreno Realty's dividend payout ratio (DPR) is 53.33%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Congress Asset Management Co. raised its holdings in shares of Terreno Realty by 4.8% in the third quarter. Congress Asset Management Co. now owns 545,558 shares of the real estate investment trust's stock valued at $30,960,000 after purchasing an additional 25,202 shares during the last quarter. Strs Ohio raised its holdings in shares of Terreno Realty by 131.6% in the third quarter. Strs Ohio now owns 286,300 shares of the real estate investment trust's stock valued at $16,248,000 after purchasing an additional 162,700 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Terreno Realty by 16.5% in the third quarter. Bessemer Group Inc. now owns 564,695 shares of the real estate investment trust's stock valued at $32,046,000 after purchasing an additional 79,964 shares during the last quarter. Castellan Group purchased a new stake in shares of Terreno Realty in the third quarter valued at about $3,578,000. Finally, DigitalBridge Group Inc. raised its holdings in shares of Terreno Realty by 29.0% in the third quarter. DigitalBridge Group Inc. now owns 346,700 shares of the real estate investment trust's stock valued at $18,649,000 after purchasing an additional 78,000 shares during the last quarter.

Terreno Realty Company Profile

Terreno Realty Corporation NYSE: TRNO is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company's portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.

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