NYSE:TRNO

Terreno Realty (TRNO) Stock Forecast, Price & News

$57.12

+0.13 (+0.23%)

(As of 01:56 PM ET)

Compare

Today's Range: $56.84
▼
$57.71
50-Day Range: $56.99
▼
$61.60
52-Week Range: $50.36
▼
$67.03

Volume: 205,692 shs
Average Volume: 539,225 shs
Market Capitalization: $4.79 billion

P/E Ratio: 31.04
Dividend Yield: 2.80%
Price Target: $66.29

Terreno Realty MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 15.9% Upside
$66.29 Price Target
Short Interest: Healthy
2.90% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.44
Based on 8 Articles This Week
Insider Trading: Selling Shares
$596,000 Sold Last Quarter
Proj. Earnings Growth: 7.73%
From $2.20 to $2.37 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Finance Sector

505th out of 842 stocks

Real Estate Industry

12th out of 23 stocks

2.3

Analyst's Opinion

Consensus Rating
Terreno Realty has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.29, Terreno Realty has a forecasted upside of 15.9% from its current price of $57.17.
Amount of Analyst Coverage
Terreno Realty has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.90% 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 decreased by 2.02%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Terreno Realty pays a meaningful dividend of 2.77%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Terreno Realty has been increasing its dividend for 12 years.
Dividend Coverage
The dividend payout ratio of Terreno Realty is 86.96%. 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 67.51% next year. This indicates that Terreno Realty will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TRNO.

2.5

News and Social Media Coverage

News Sentiment
Terreno Realty has a news sentiment score of 0.44. 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 is a lower news sentiment than the 0.84 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Terreno Realty this week, compared to 3 articles on an average week.
MarketBeat Follows
1 people have added Terreno Realty to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Terreno Realty insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $596,000.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Terreno Realty is held by insiders.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Terreno Realty are expected to grow by 7.73% in the coming year, from $2.20 to $2.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Terreno Realty is 31.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Terreno Realty is 31.07, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 80.83.
Price to Earnings Growth Ratio
Terreno Realty has a PEG Ratio of 2.92. 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 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Terreno Realty (NYSE:TRNO) Stock

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. We invest in several types of industrial real estate, including warehouse/distribution (approximately 79.5% of our total annualized base rent as of December 31, 2021), flex (including light industrial and research and development, or R&D) (approximately 4.8%), transshipment (approximately 6.4%) and improved land (approximately 9.3%). We target functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which we operate. Infill locations are geographic locations surrounded by high concentrations of already developed land and existing buildings. As of December 31, 2021, we owned a total of 253 buildings aggregating approximately 15.1 million square feet, 36 improved land parcels consisting of approximately 127.1 acres and four properties under redevelopment that, upon completion, will consist of two properties aggregating approximately 0.2 million square feet and two improved land parcels aggregating approximately 12.1 acres. As of December 31, 2021, the buildings and improved land parcels were approximately 95.5% and 94.8% leased (including 0.4 million square feet of vacancy acquired during the fourth quarter of 2021), respectively, to 554 customers, the largest of which accounted for approximately 4.9% of our total annualized base rent.

TRNO Price History

30 days | 90 days | 365 days | Advanced Chart

TRNO Stock News Headlines

September 22, 2023 | americanbankingnews.com

Terreno Realty Co. (NYSE:TRNO) Expected to Post Q1 2024 Earnings of $0.57 Per Share

September 21, 2023 | americanbankingnews.com

Terreno Realty Co. to Post Q4 2023 Earnings of $0.56 Per Share, KeyCorp Forecasts (NYSE:TRNO)

September 27, 2023 | Edge On The Street (Ad)

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September 20, 2023 | finance.yahoo.com

Terreno Plans $41M Office-to-Industrial Project in Orange County

September 17, 2023 | americanbankingnews.com

Terreno Realty Co. (NYSE:TRNO) Receives Average Rating of "Moderate Buy" from Analysts

September 16, 2023 | finance.yahoo.com

2 Stocks the Market Seems to Be Worried About -- but I'm Not

September 11, 2023 | finance.yahoo.com

Terreno Realty (TRNO) Boosts Portfolio With Property Buyout

September 7, 2023 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Santa Ana, CA for $14.8 Million

September 27, 2023 | Edge On The Street (Ad)

Is Gold Really Boring?

August 3, 2023 | markets.businessinsider.com

Colliers Securities Reaffirms Their Buy Rating on Terreno Realty (TRNO)

August 3, 2023 | finance.yahoo.com

Terreno Realty Corporation Increases Quarterly Dividend by 12.5% and Files Second Quarter 2023 Financial Statements

August 1, 2023 | businesswire.com

Terreno Realty Corporation Announces Lease in Carlstadt, NJ

July 24, 2023 | finance.yahoo.com

Terreno Realty Corporation Announces Leases in San Leandro, CA

July 17, 2023 | seekingalpha.com

Terreno Realty: Great Company At A Hefty Price

July 11, 2023 | finance.yahoo.com

Terreno Realty (TRNO) Issues Q2 Operation & Investment Update

July 10, 2023 | msn.com

Terreno Realty portfolio occupancy slips to 97.8% in Q2

July 6, 2023 | markets.businessinsider.com

JMP Securities Remains a Buy on Terreno Realty (TRNO)

June 30, 2023 | bizjournals.com

Distribution company secures 50,000 square feet of warehouse space

June 22, 2023 | finance.yahoo.com

Terreno Realty (TRNO) Sees Solid Demand, Continues Investment

June 20, 2023 | finance.yahoo.com

Terreno Realty Corporation Announces Lease in Hialeah, FL

June 12, 2023 | msn.com

Mizuho Reiterates Terreno Realty (TRNO) Neutral Recommendation

May 25, 2023 | finance.yahoo.com

Terreno Realty Corporation Announces Lease in Queens, NY

May 24, 2023 | msn.com

Terreno Realty Buys Property In Washington, D.C. For $13.4M

May 24, 2023 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Washington, D.C. for $13.4 Million

May 12, 2023 | msn.com

Toast, Terreno Realty And This Consumer Products Maker Feature On CNBC's 'Final Trades'

May 5, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Financial Companies: Terreno Realty (TRNO) and American Homes (AMH)

May 5, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Financial Stocks: Terreno Realty (TRNO), Apple Hospitality REIT (APLE) and Coinbase Global (COIN)

See More Headlines

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TRNO Company Calendar

Ex-Dividend for 7/14 Dividend: 6/29/2023
Dividend Payable: 7/14/2023
Last Earnings: 8/02/2023
Today: 9/27/2023
Ex-Dividend for 10/13 Dividend: 9/28/2023
Dividend Payable: 10/13/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate
Sub-Industry: Industrial REITs
Sector: Finance
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 Forecast: $66.29
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $54.00
Forecasted Upside/Downside: +16.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.84
Trailing P/E Ratio: 31.05
Forward P/E Ratio: 25.97
P/E Growth: 2.92
Net Income: $198.01 million
Net Margins: 48.07%
Pretax Margin: 48.14%
Return on Equity: 6.01%
Return on Assets: 4.29%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 0.93
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $276.21 million
Price / Sales: 17.36
Cash Flow: $3.24 per share
Price / Cash Flow: 17.65
Book Value: $29.31 per share
Price / Book: 1.95

Miscellaneous

Outstanding Shares: 83,910,000
Free Float: 82,065,000
Market Cap: $4.79 billion
Optionable: Optionable
Beta: 0.80

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Key Executives

Mr. W. Blake Baird (Age 62)
Co-Founder, Chairman & CEO
Comp: $809.15k

Mr. Michael A. Coke CPA (Age 55)
Co-Founder, Pres & Director
Comp: $809.15k

Mr. Jaime Jackson Cannon (Age 48)
Exec. VP, CFO, Head of Investor Relations & Sec.
Comp: $776.65k

Mr. John Tull Meyer (Age 63)
Exec. VP
Comp: $776.65k

Ms. Melinda E. Weston
Chief Accounting Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TRNO Stock - Frequently Asked Questions

Should I buy or sell Terreno Realty stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Terreno Realty in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TRNO shares.
View TRNO analyst ratings or view top-rated stocks.
What is Terreno Realty's stock price forecast for 2023?: 7 Wall Street analysts have issued 12-month price targets for Terreno Realty's stock. Their TRNO share price forecasts range from $54.00 to $80.00. On average, they predict the company's stock price to reach $66.29 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for TRNO or view top-rated stocks among Wall Street analysts.
How have TRNO shares performed in 2023?: Terreno Realty's stock was trading at $56.87 on January 1st, 2023. Since then, TRNO shares have increased by 0.5% and is now trading at $57.14.
View the best growth stocks for 2023 here.
When is Terreno Realty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our TRNO earnings forecast.
How were Terreno Realty's earnings last quarter?: Terreno Realty Co. (NYSE:TRNO) issued its earnings results on Wednesday, August, 2nd. The real estate investment trust reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.06. The real estate investment trust earned $79.54 million during the quarter, compared to analysts' expectations of $77.84 million. Terreno Realty had a net margin of 48.07% and a trailing twelve-month return on equity of 6.01%.
How often does Terreno Realty pay dividends? What is the dividend yield for Terreno Realty?: Terreno Realty announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Friday, September 29th will be given a dividend of $0.45 per share on Friday, October 13th. This represents a $1.80 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $0.40.
Read our dividend analysis for TRNO.
What ETFs hold Terreno Realty's stock?: ETFs with the largest weight of Terreno Realty (NYSE:TRNO) stock in their portfolio include Private Real Estate Strategy via Liquid REITs ETF (PRVT), Principal Real Estate Active Opportunities ETF (BYRE), Pacer Industrial Real Estate ETF (INDS), U.S. Diversified Real Estate ETF (PPTY), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Invesco Active U.S. Real Estate ETF (PSR), SP Funds S&P Global REIT Sharia ETF (SPRE) and WisdomTree New Economy Real Estate Fund (WTRE).

Is Terreno Realty a good dividend stock?: Terreno Realty (NYSE:TRNO) pays an annual dividend of $1.60 per share and currently has a dividend yield of 2.77%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 86.96%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TRNO will have a dividend payout ratio of 67.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRNO.
What other stocks do shareholders of Terreno Realty own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Terreno Realty investors own include Prologis (PLD), STAG Industrial (STAG), Pfizer (PFE), AbbVie (ABBV), Cisco Systems (CSCO), Verizon Communications (VZ), Abbott Laboratories (ABT), Archer-Daniels-Midland (ADM), PepsiCo (PEP) and QUALCOMM (QCOM).
What is Terreno Realty's stock symbol?: Terreno Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRNO."
Who are Terreno Realty's major shareholders?: Terreno Realty's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.32%), Principal Financial Group Inc. (5.29%), State Street Corp (4.68%), Goldman Sachs Group Inc. (2.66%), JPMorgan Chase & Co. (2.57%) and Schroder Investment Management Group (2.09%). Insiders that own company stock include Leroy E Carlson, Michael A Coke and W Blake Baird.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Terreno Realty's stock price today?: One share of TRNO stock can currently be purchased for approximately $57.14.
How much money does Terreno Realty make?: Terreno Realty (NYSE:TRNO) has a market capitalization of $4.79 billion and generates $276.21 million in revenue each year. The real estate investment trust earns $198.01 million in net income (profit) each year or $1.84 on an earnings per share basis.
How can I contact Terreno Realty?: Terreno Realty's mailing address is 101 MONTGOMERY STREET SUITE 200, SAN FRANCISCO CA, 94104. The official website for the company is www.terreno.com. The real estate investment trust can be reached via phone at (415) 655-4580, via email at investors@terreno.com, or via fax at 415-655-4599.

This page (NYSE:TRNO) was last updated on 9/27/2023 by MarketBeat.com Staff

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