Terreno Realty Company Profile (NYSE:TRNO)

About Terreno Realty

Terreno Realty logoTerreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (D.C.)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment. As of December 31, 2016, the Company owned 166 buildings aggregating approximately 12 million square feet and five land parcels consisting of 22.8 acres. As of December 31, 2016, its properties were leased to 376 customers. The Company focuses on functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Industrial REITs
  • Exchange: NYSE
  • Symbol: TRNO
  • CUSIP: 88146M10
Key Metrics:
  • Previous Close: $27.84
  • 50 Day Moving Average: $27.67
  • 200 Day Moving Average: $27.07
  • 52-Week Range: $21.87 - $29.08
  • Trailing P/E Ratio: 109.18
  • Foreward P/E Ratio: 66.74
  • P/E Growth: 8.44
  • Market Cap: $1.31B
  • Outstanding Shares: 47,019,000
  • Beta: 0.77
Profitability:
  • Net Margins: 12.30%
  • Return on Equity: 1.81%
  • Return on Assets: 1.10%
Debt:
  • Debt-to-Equity Ratio: 0.56%
  • Current Ratio: 0.78%
  • Quick Ratio: 0.78%
Additional Links:
Companies Related to Terreno Realty:

Analyst Ratings

Consensus Ratings for Terreno Realty (NYSE:TRNO) (?)
Ratings Breakdown: 5 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $28.44 (1.45% upside)

Analysts' Ratings History for Terreno Realty (NYSE:TRNO)
Show:
DateFirmActionRatingPrice TargetDetails
2/14/2017Stifel NicolausBoost Price TargetBuy$28.00 -> $29.00View Rating Details
2/9/2017FBR & CoBoost Price TargetMarket Perform$26.00 -> $28.00View Rating Details
2/9/2017Jefferies Group LLCBoost Price TargetHold$27.00 -> $29.00View Rating Details
1/5/2017Mitsubishi UFJ Financial GroupReiterated RatingOverweight -> Neutral$29.00View Rating Details
11/17/2016National SecuritiesBoost Price TargetBuy -> Buy$24.50 -> $28.00View Rating Details
11/14/2016DA DavidsonReiterated RatingBuyView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$30.00View Rating Details
8/22/2016JMP SecuritiesDowngradeOutperform -> Market PerformView Rating Details
7/28/2016Compass PointBoost Price TargetNeutral$23.00 -> $25.00View Rating Details
7/28/2016WunderlichBoost Price TargetBuy$25.50 -> $29.50View Rating Details
1/12/2016Cowen and CompanyBoost Price Target$25.00View Rating Details
1/7/2016Robert W. BairdDowngradeOutperform -> Neutral$25.00View Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingOverweightView Rating Details
10/19/2015Sandler O'NeillInitiated CoverageBuy$24.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Terreno Realty (NYSE:TRNO)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/8/2017        
2/10/2016Q4$0.25$0.17ViewN/AView Earnings Details
2/11/2015$0.21$0.19ViewN/AView Earnings Details
11/24/2014$0.23$0.22ViewN/AView Earnings Details
11/3/2014Q314$0.08$11.50 million$17.70 millionViewN/AView Earnings Details
8/12/2014$0.23$0.23ViewN/AView Earnings Details
5/13/2014$0.22$0.21ViewN/AView Earnings Details
11/6/2013Q313$0.17$0.15$9.27 million$1.52 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Terreno Realty (NYSE:TRNO)
Current Year EPS Consensus Estimate: $0.33 EPS
Next Year EPS Consensus Estimate: $0.42 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.26$0.26$0.26
Q2 20161$0.26$0.26$0.26
Q3 20161$0.27$0.27$0.27
Q4 20161$0.28$0.28$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Terreno Realty (NYSE:TRNO)
Annual Dividend:$0.80
Dividend Yield:2.85%
Dividend Growth:14.00% (3 Year Average)
Payout Ratio:347.83% (Based on Trailing 12 Months of Earnings)
242.42% (Based on Current Year Consensus EPS Estimate)
190.48% (Based on Next Year Consensus EPS Estimate)
Track Record:4 Years of Consecutive Dividend Growth

Dividend History for Terreno Realty (NYSE:TRNO)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/9/2017quarterly$0.202.95%3/24/20173/28/20174/12/2017
11/3/2016quarterly$0.203.21%12/28/201612/30/20161/13/2017
7/28/2016quarterly$0.202.94%10/5/201610/7/201610/21/2016
5/5/2016quarterly$0.183.08%7/5/20167/7/20167/21/2016
2/11/2016quarterly$0.183.43%3/23/20163/28/20164/12/2016
11/5/2015quarterly$0.183.17%12/29/201512/31/20151/14/2016
8/6/2015quarterly$0.163.04%10/5/201510/7/201510/21/2015
5/7/2015quarterly$0.163.13%7/2/20157/7/20157/21/2015
2/19/2015quarterly$0.162.8%4/2/20154/7/20154/21/2015
11/4/2014quarterly$0.163.03%12/29/201412/31/20141/14/2015
8/11/2014quarterly$0.142.89%10/3/201410/7/201410/21/2014
5/12/2014quarterly$0.142.97%7/2/20147/7/20147/21/2014
2/19/2014quarterly$0.132.76%4/3/20144/7/20144/21/2014
11/6/2013quarterly$0.132.97%12/29/201412/31/20131/14/2014
8/7/2013quarterly$0.132.89%10/3/201310/7/201310/21/2013
5/8/2013quarterly$0.132.65%7/2/20137/5/20137/19/2013
2/19/2013quarterly$0.122.79%4/3/20134/5/20134/19/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Terreno Realty (NYSE:TRNO)
Insider Ownership Percentage: 2.90%
Institutional Ownership Percentage: 99.62%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2015Douglas M. PasqualeDirectorBuy3,500$19.82$69,370.00View SEC Filing  
6/29/2015Douglas M PasqualeDirectorBuy3,354$19.84$66,543.36View SEC Filing  
3/12/2014Douglas PasqualeDirectorBuy1,500$17.68$26,520.00View SEC Filing  
11/20/2013Douglas PasqualeDirectorBuy1,000$16.76$16,760.00View SEC Filing  
11/19/2013Douglas PasqualeDirectorBuy2,441$16.96$41,399.36View SEC Filing  
11/18/2013Douglas PasqualeDirectorBuy4,559$17.21$78,460.39View SEC Filing  
11/13/2013Peter MerloneDirectorBuy11,599$17.12$198,574.88View SEC Filing  
11/11/2013Peter MerloneDirectorBuy4,781$17.15$81,994.15View SEC Filing  
8/21/2013Douglas PasqualeDirectorBuy1,000$17.10$17,100.00View SEC Filing  
8/19/2013Douglas PasqualeDirectorBuy4,000$17.50$70,000.00View SEC Filing  
7/17/2013Douglas M PasqualeDirectorBuy5,350$18.25$97,637.50View SEC Filing  
7/17/2013Jaime Jackson CannonCFOBuy1,000$18.25$18,250.00View SEC Filing  
7/17/2013Michael A CokePresidentBuy3,000$18.25$54,750.00View SEC Filing  
7/17/2013W Blake BairdCEOBuy21,000$18.25$383,250.00View SEC Filing  
2/22/2013Dennis PolkDirectorBuy2,500$16.60$41,500.00View SEC Filing  
2/22/2013Michael A CokeCFOBuy5,000$16.60$83,000.00View SEC Filing  
2/22/2013W Blake BairdCEOBuy60,000$16.60$996,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Terreno Realty (NYSE:TRNO)
DateHeadline
capitalcube.com logoTerreno Realty Corp. : TRNO-US: Dividend Analysis : December 30th, 2016 (record date) : By the numbers : February 21, 2017 (NYSE:TRNO)
www.capitalcube.com - February 22 at 10:29 AM
capitalcube.com logoTerreno Realty Corp. :TRNO-US: Earnings Analysis: Q4, 2016 By the Numbers : February 14, 2017 (NYSE:TRNO)
us.rd.yahoo.com - February 15 at 6:36 AM
capitalcube.com logoTerreno Realty Corp. :TRNO-US: Earnings Analysis: 2016 By the Numbers : February 13, 2017 (NYSE:TRNO)
www.capitalcube.com - February 14 at 6:38 AM
biz.yahoo.com logoTERRENO REALTY CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial St (NYSE:TRNO)
biz.yahoo.com - February 10 at 6:11 AM
businesswire.com logoTerreno Realty Corporation Declares Quarterly Dividend and Files Annual 2016 Financial Statements (NYSE:TRNO)
www.businesswire.com - February 9 at 6:14 AM
finance.yahoo.com logoTerreno Realty Corporation Acquires Building in Seattle, WA for $7.8 Million (NYSE:TRNO)
finance.yahoo.com - February 6 at 10:44 PM
seekingalpha.com logoTerreno Realty Corporation acquires building in Seattle, WA for $7.8M (NYSE:TRNO)
seekingalpha.com - February 6 at 11:24 AM
capitalcube.com logoTerreno Realty Corp. breached its 50 day moving average in a Bearish Manner : TRNO-US : January 30, 2017 (NYSE:TRNO)
www.capitalcube.com - January 30 at 10:52 AM
finance.yahoo.com logoTerreno Realty Corporation Announces Tax Treatment of 2016 Dividends (NYSE:TRNO)
finance.yahoo.com - January 30 at 10:52 AM
finance.yahoo.com logoTerreno Realty Corporation Acquires Building in Compton, CA for $7.1 Million (NYSE:TRNO)
finance.yahoo.com - January 27 at 6:22 AM
finance.yahoo.com logo9:18 am Terreno Realty reports its operating, investment and capital markets activity for the 4Q16 (NYSE:TRNO)
finance.yahoo.com - January 12 at 5:47 AM
News IconTerreno Realty Corporation (NYSE:TRNO) Broker Price Targets For The Coming Week (NYSE:TRNO)
diariocatolico.net - January 9 at 3:06 AM
streetinsider.com logoTerreno Realty (TRNO) Announces Lease of 90,000 Square Feet Building in Corona, California (NYSE:TRNO)
www.streetinsider.com - December 28 at 8:11 PM
publicnow.com logoTerreno Realty Corporation Announces Leases in Los Angeles (NYSE:TRNO)
www.publicnow.com - December 28 at 8:11 PM
finance.yahoo.com logoTerreno (TRNO) Acquires Industrial Property in Maryland (NYSE:TRNO)
finance.yahoo.com - December 27 at 8:39 AM
streetinsider.com logoTerreno Realty (TRNO) Acquires Property in Lanham, Maryland for $6.7M (NYSE:TRNO)
www.streetinsider.com - December 23 at 2:24 AM
publicnow.com logoTerreno Realty Corporation Acquires Building in Lanham, MD for $6.7 Million (NYSE:TRNO)
www.publicnow.com - December 23 at 2:24 AM
feeds.reuters.com logoBRIEF-Terreno Realty Corp acquires building in Lanham, MD for $6.7 mln (NYSE:TRNO)
feeds.reuters.com - December 22 at 9:35 AM
publicnow.com logoTerreno Realty Corporation Acquires Building in Miami, FL for $6.3 Million (NYSE:TRNO)
www.publicnow.com - December 20 at 4:37 PM
seekingalpha.com logoTerreno Realty acquires industrial property (NYSE:TRNO)
seekingalpha.com - December 19 at 11:53 AM
News IconBrokers Change Their Target Price On Terreno Realty Corporation (NYSE:TRNO) (NYSE:TRNO)
www.xboxonezone.com - December 19 at 12:31 AM
biz.yahoo.com logoTERRENO REALTY CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:TRNO)
biz.yahoo.com - December 17 at 4:54 AM
News IconIs Terreno Realty Corporation (TRNO) a Good Stock to Buy? (NYSE:TRNO)
feedproxy.google.com - December 14 at 11:43 AM
finance.yahoo.com logoTerreno Realty Inks Lease in East Rutherford, New Jersey (NYSE:TRNO)
finance.yahoo.com - November 30 at 10:16 AM
finance.yahoo.com logoTerreno Realty Corporation Announces Lease in East Rutherford, NJ (NYSE:TRNO)
finance.yahoo.com - November 29 at 11:33 AM
seekingalpha.com logoTerreno: High Quality For The Down Times (NYSE:TRNO)
seekingalpha.com - November 24 at 7:52 PM
capitalcube.com logoTerreno Realty Corp. breached its 50 day moving average in a Bullish Manner : TRNO-US : November 22, 2016 (NYSE:TRNO)
www.capitalcube.com - November 22 at 12:45 PM
finance.yahoo.com logoTerreno Realty Corporation Acquires Building in Carlstadt, NJ for $5.0 Million (NYSE:TRNO)
finance.yahoo.com - November 17 at 12:28 PM
seekingalpha.com logoTerreno Realty announces leasing update in Washington (NYSE:TRNO)
seekingalpha.com - November 14 at 12:45 PM
publicnow.com logoTerreno Realty Corporation Announces Leasing Update in Washington, D.C. (NYSE:TRNO)
www.publicnow.com - November 14 at 12:14 PM
stocksdaily.net logoTerreno Realty Corporation (NYSE:TRNO) Yearly EPS Projection At $1.08 (NYSE:TRNO)
www.stocksdaily.net - November 13 at 11:47 AM
News IconLeading stocks in today's market: SL Green Realty Corp. (NYSE:SLG) (NYSE:TRNO)
magseriesusa.net - November 3 at 7:59 PM
News IconTerreno Realty Corporation (NYSE:TRNO) Updated Broker Price Targets (NYSE:TRNO)
travelguideforeurope.com - November 3 at 7:59 PM
publicnow.com logoTerreno Realty Corporation Acquires Building in Miami, FL for $6.1 Million (NYSE:TRNO)
www.publicnow.com - November 3 at 12:19 PM
businesswire.com logoTerreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2016 Financial Statements (NYSE:TRNO)
www.businesswire.com - November 2 at 8:28 PM
sg.finance.yahoo.com logoTerreno reports 3Q results (NYSE:TRNO)
sg.finance.yahoo.com - November 2 at 8:28 PM
publicnow.com logoTerreno Realty Corporation Acquires Building in North Bergen, NJ for $4.8 Million (NYSE:TRNO)
www.publicnow.com - November 2 at 11:43 AM
News IconDuke Realty (NYSE:DRE) Issued With 'Neutral' Rating At Mizuho Securities (NYSE:TRNO)
avauncer.com - October 31 at 7:40 PM
News IconAnalysts Weigh in on Terreno Realty Corporation (NYSE:TRNO): Consensus Notes (NYSE:TRNO)
viveremilano.biz - October 29 at 10:42 AM
capitalcube.com logoTerreno Realty Corp. breached its 50 day moving average in a Bullish Manner : TRNO-US : October 25, 2016 (NYSE:TRNO)
www.capitalcube.com - October 25 at 8:52 AM
News IconTerreno Realty Corporation Acquires Buildings in San Leandro for $15.9MM (NYSE:TRNO)
news.theregistrysf.com - October 22 at 11:46 AM
publicnow.com logoTerreno Realty Corporation Acquires Buildings in San Leandro, CA for $15.9 Million (NYSE:TRNO)
www.publicnow.com - October 21 at 11:22 AM
capitalcube.com logoTerreno Realty Corp. : TRNO-US: Dividend Analysis : October 07th, 2016 (record date) : By the numbers : October 20, 2016 (NYSE:TRNO)
www.capitalcube.com - October 20 at 11:12 AM
finance.yahoo.com logoTerreno Reveals Q3 Investment & Capital Market Activities (NYSE:TRNO)
finance.yahoo.com - October 12 at 10:45 AM
capitalcube.com logoTerreno Realty Corp. breached its 50 day moving average in a Bearish Manner : TRNO-US : October 5, 2016 (NYSE:TRNO)
www.capitalcube.com - October 5 at 9:03 AM
nasdaq.com logoTerreno Realty Corporation (TRNO) Ex-Dividend Date Scheduled for (NYSE:TRNO)
www.nasdaq.com - October 4 at 7:14 PM
4-traders.com logoTerreno Realty Corporation : Announces Lease in Kent, WA (NYSE:TRNO)
www.4-traders.com - September 29 at 7:41 PM
publicnow.com logoTerreno Realty Corporation Announces Lease in Kent, WA (NYSE:TRNO)
www.publicnow.com - September 27 at 11:44 AM
4-traders.com logoTerreno Realty Corporation : Announces Completion of Redevelopment in Carson, CA (NYSE:TRNO)
www.4-traders.com - September 22 at 8:55 AM
finance.yahoo.com logoTerreno Realty Acquires Property in California for $5.2M (NYSE:TRNO)
finance.yahoo.com - September 22 at 8:55 AM

Social

What is Terreno Realty's stock symbol?

Terreno Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRNO."

How often does Terreno Realty pay dividends? What is the dividend yield for Terreno Realty?

Terreno Realty declared a quarterly dividend on Thursday, February 9th. Investors of record on Tuesday, March 28th will be given a dividend of $0.20 per share on Wednesday, April 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, March 24th.

Where is Terreno Realty's stock going? Where will Terreno Realty's stock price be in 2017?

10 equities research analysts have issued twelve-month price targets for Terreno Realty's stock. Their forecasts range from $25.00 to $30.00. On average, they expect Terreno Realty's share price to reach $28.44 in the next twelve months.

When will Terreno Realty announce their earnings?

Terreno Realty is scheduled to release their next quarterly earnings announcement on Wednesday, February, 8th 2017.

What are analysts saying about Terreno Realty stock?

Here are some recent quotes from research analysts about Terreno Realty stock:

  • According to Zacks Investment Research, "Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company's main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties. " (2/21/2017)

  • National Securities analysts commented, "TRNO 3Q16 Update: TRNO reported 3Q16 funds from operations ("AFFO") of $9.92mln, +25.27% Q/Q and +23.59% Y/Y on $27.10mln of revenue, +5.0% Q/Q and +11.4% Y/Y. The increase in revenue and both FFO measures are attributable to TRNO’s continued robust portfolio growth, having added 1.147mln square feet for the TTM period, +10.9%, with a portfolio that as of 9/30/16 stood at 11,679,095. Congruent with increases in owned square footage, revenues, and FFO, is TRNO’s dividend, which was recently raised to $0.20 per share per quarter, +11.1% Q/Q and +25% Y/Y. As management continues to look for accretive expansion opportunities and increase operating efficiencies, another 1mln square feet is under contract, we expect the consistent history of dividend increases following acquisitions to continue. With industrial real estate prices up significantly and TRNO’s highly attractive acquisition vintage profile, we expect management to continue to harvest gains in 2016 and recycle capital. To date in 2016, TRNO has booked some $6.4mln in gains on $22.5mln of sales with an acquisitions cost of $16.1mln, a healthy +39.75% on a 7% investment CAGR. As TRNO has demonstrated in the past, it is well adept at timing the market, both on the acquisition and financing front, placing a $50mln 10-year note at 3.99% fixed on 7/7/16, a move saving them some $415k in annual interest, had they placed that same note today. The future remains bright for TRNO and we continue to favor the industrial REIT operators formed in 2010 and later, as their portfolios are absent legacy assets and more attractive on a relative basis. As of September 2016, industrial RE price indices have increased 8.1% Y/Y, trailing only multifamily which is up 13.47% for the same period. We’re maintaining our BUY rating and increasing our $24.50 price target to $28.00. " (11/17/2016)

Who owns Terreno Realty stock?

Terreno Realty's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (13.36%), State Street Corp (2.01%), Davis Selected Advisers (1.78%), Thrivent Financial for Lutherans (1.47%), Westwood Holdings Group Inc. (1.10%) and Dimensional Fund Advisors LP (1.02%).

Who sold Terreno Realty stock? Who is selling Terreno Realty stock?

Terreno Realty's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Asset Management One Co. Ltd., Artemis Investment Management LLP, AQR Capital Management LLC, Century Capital Management LLC, Thrivent Financial for Lutherans, Renaissance Technologies LLC and Envestnet Asset Management Inc..

Who bought Terreno Realty stock? Who is buying Terreno Realty stock?

Terreno Realty's stock was purchased by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Russell Investments Group Ltd., State Street Corp, Heitman Real Estate Securities LLC, Dimensional Fund Advisors LP, Westwood Holdings Group Inc., Credit Agricole S A and Davis Selected Advisers.

How do I buy Terreno Realty stock?

Shares of Terreno Realty can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Terreno Realty stock cost?

One share of Terreno Realty stock can currently be purchased for approximately $28.03.

Terreno Realty (NYSE:TRNO) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Terreno Realty (NYSE:TRNO)

Earnings History Chart

Earnings by Quarter for Terreno Realty (NYSE:TRNO)

Dividend History Chart

Dividend Payments by Quarter for Terreno Realty (NYSE:TRNO)

Last Updated on 2/24/2017 by MarketBeat.com Staff