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 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRNO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRNO, but not buy additional shares or sell existing shares. View TRNO analyst ratings or view top-rated stocks .

What is Terreno Realty's stock price target for 2024?

7 Wall Street research analysts have issued 1 year price objectives for Terreno Realty's shares. Their TRNO share price targets range from $52.00 to $80.00. On average, they anticipate the company's share price to reach $66.50 in the next year. This suggests a possible upside of 13.5% 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 3.1% and is now trading at $58.61. View the best growth stocks for 2023 here .

Are investors shorting Terreno Realty?

Terreno Realty saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,160,000 shares, an increase of 29.5% from the October 31st total of 2,440,000 shares. Based on an average daily volume of 546,900 shares, the short-interest ratio is currently 5.8 days. View Terreno Realty's Short Interest .

When is Terreno Realty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our TRNO earnings forecast .

How were Terreno Realty's earnings last quarter?

Terreno Realty Co. (NYSE:TRNO) issued its quarterly earnings data on Wednesday, November, 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.20. The real estate investment trust had revenue of $82.92 million for the quarter, compared to the consensus estimate of $80.70 million. Terreno Realty had a net margin of 48.75% and a trailing twelve-month return on equity of 5.98%.

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

Terreno Realty announced a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 15th will be given a dividend of $0.45 per share on Friday, January 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, December 14th. Read our dividend analysis for TRNO .

Is Terreno Realty a good dividend stock?

Terreno Realty (NYSE:TRNO) pays an annual dividend of $1.80 per share and currently has a dividend yield of 3.03%. 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 94.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TRNO will have a dividend payout ratio of 75.63% in the coming year. This indicates that the company may not be able to sustain their current dividend. 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) .

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) .

Who are Terreno Realty's major shareholders?

Terreno Realty's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (6.16%), Principal Financial Group Inc. (5.33%), Invesco Ltd. (4.82%), JPMorgan Chase & Co. (2.14%), PGGM Investments (1.71%) and Morgan Stanley (1.63%). 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 .

Terreno Realty Stock Price, News & Analysis (NYSE:TRNO)

$58.87

-0.06 (-0.10%)

(As of 02:19 PM ET)

Compare

Today's Range: $58.47
▼
$59.07
50-Day Range: $50.62
▼
$59.43
52-Week Range: $50.42
▼
$67.03

Volume: 237,222 shs
Average Volume: 552,570 shs
Market Capitalization: $5.03 billion

P/E Ratio: 30.82
Dividend Yield: 3.06%
Price Target: $66.50

Terreno Realty MarketRank™ Stock Analysis

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 13.5% Upside
$66.50 Price Target
Short Interest: Bearish
3.70% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.70
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.21%
From $2.22 to $2.38 Per Share

Overall MarketRank^™

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

2.54 out of 5 stars

Finance Sector

180th out of 685 stocks

Real Estate Industry

2nd out of 15 stocks

3.2

Analyst's Opinion

Consensus Rating
Terreno Realty has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.50, Terreno Realty has a forecasted upside of 13.5% from its current price of $58.61.
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.

2.0

Short Interest

Percentage of Shares Shorted
3.70% 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 5.8.
Change versus previous month
Short interest in Terreno Realty has recently increased by 29.51%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Terreno Realty pays a meaningful dividend of 3.03%, 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 94.24%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Terreno Realty will have a dividend payout ratio of 75.63% in the coming year. This indicates that Terreno Realty may not be able to sustain their current dividend.

N/A

Sustainability and ESG

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

3.7

News and Social Media Coverage

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 is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Terreno Realty this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for TRNO on MarketBeat in the last 30 days.
MarketBeat Follows
10 people have added Terreno Realty to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days.

0.0

Company Ownership

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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Terreno Realty are expected to grow by 7.21% in the coming year, from $2.22 to $2.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Terreno Realty is 30.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Terreno Realty is 30.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.15.
Price to Earnings Growth Ratio
Terreno Realty has a PEG Ratio of 2.95. 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 2.00. 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 Stock (NYSE:TRNO)

Terreno Realty Corporation ("Terreno", and together with its subsidiaries, "we", "us", "our", "our Company", or "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 76.3% of our total annualized base rent as of September 30, 2023), flex (including light industrial and research and development, or R&D) (approximately 3.8%), transshipment (approximately 6.7%) and improved land (approximately 13.2%). 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 September 30, 2023, we owned a total of 257 buildings aggregating approximately 15.8 million square feet, 46 improved land parcels (including one improved land parcel held for sale) consisting of approximately 165.8 acres, eight properties under development or redevelopment and approximately 62.7 acres of land entitled for future development. As of September 30, 2023, our buildings and improved land parcels were approximately 98.3% and 96.3% leased, respectively, to 563 customers, the largest of which accounted for approximately 3.6% of our total annualized base rent.

TRNO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TRNO Stock News Headlines

December 8, 2023 | americanbankingnews.com

Terreno Realty (NYSE:TRNO) Now Covered by Analysts at Wells Fargo & Company

December 6, 2023 | americanbankingnews.com

Terreno Realty (NYSE:TRNO) Price Target Cut to $52.00 by Analysts at Mizuho

December 8, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

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December 5, 2023 | markets.businessinsider.com

Analyst Ratings for Terreno Realty

December 4, 2023 | americanbankingnews.com

FY2023 EPS Estimates for Terreno Realty Co. Increased by KeyCorp (NYSE:TRNO)

December 1, 2023 | americanbankingnews.com

Terreno Realty Co. (NYSE:TRNO) Given Average Recommendation of "Hold" by Brokerages

November 30, 2023 | markets.businessinsider.com

Terreno Realty’s Strong Performance and Future Potential Affirm Buy Rating

November 8, 2023 | markets.businessinsider.com

Strong Portfolio Performance and Efficient Management Justify Buy Rating for Terreno Realty Despite Price Target Revision

December 8, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

November 3, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These NA Stocks: Airbnb (ABNB), Terreno Realty (TRNO) and SiteOne Landscape Supply (SITE)

November 2, 2023 | msn.com

Terreno Realty FFO of $0.57 beats by $0.01, revenue of $82.92M beats by $1.62M

November 1, 2023 | finance.yahoo.com

Terreno Realty Corporation Declares Quarterly Dividend and Files Third Quarter 2023 Financial Statements

October 20, 2023 | finance.yahoo.com

Is it a Good Choice to Invest in Terreno Realty (TRNO)?

October 19, 2023 | finance.yahoo.com

Down -11.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Terreno (TRNO)

October 13, 2023 | msn.com

JMP Securities Reiterates Terreno Realty (TRNO) Market Outperform Recommendation

October 13, 2023 | finance.yahoo.com

Terreno (TRNO) Continues Acquisitions, Buys Brooklyn Property

October 12, 2023 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Brooklyn, NY for $27.5 Million

October 11, 2023 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Redondo Beach, CA for $45.7 Million

October 10, 2023 | msn.com

Terreno Realty Q3 Developments: Attained 98.3% Occupancy, No Debt Maturities In 2023 & More

October 10, 2023 | finance.yahoo.com

Terreno Realty (TRNO) Sees Solid Rent Growth & Occupancy in Q3

October 9, 2023 | msn.com

Terreno Realty's occupancy edges up, cash rents on new, renewed leases climb

October 6, 2023 | finance.yahoo.com

Terreno Realty (TRNO) Sells Industrial Property for $18M

October 5, 2023 | markets.businessinsider.com

Terreno Realty Sells Property In Hanover, Maryland For $18.0 Mln

October 5, 2023 | finance.yahoo.com

Terreno Realty Corporation Sells Property in Hanover, MD for $18.0 Million

October 3, 2023 | msn.com

Terreno Realty: Buy The Dip On This Top Industrial Player

September 30, 2023 | finance.yahoo.com

The Warning High-Yield Stock Investors Shouldn't Ignore

September 20, 2023 | finance.yahoo.com

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

See More Headlines

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Company Calendar

Ex-Dividend for 10/13 Dividend: 9/28/2023
Dividend Payable: 10/13/2023
Last Earnings: 11/01/2023
Today: 12/08/2023
Ex-Dividend for 1/5 Dividend: 12/14/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/05/2024
Next Earnings (Estimated): 2/14/2024

Get Stock Alerts

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 Target: $66.50
High Stock Price Target: $80.00
Low Stock Price Target: $52.00
Potential Upside/Downside: +12.9%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.91
Trailing P/E Ratio: 30.84
Forward P/E Ratio: 26.54
P/E Growth: 2.95
Net Income: $198.01 million
Net Margins: 48.75%
Pretax Margin: 48.79%
Return on Equity: 5.98%
Return on Assets: 4.32%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 1.32
Quick Ratio: 1.32

Sales & Book Value

Annual Sales: $313.11 million
Price / Sales: 16.06
Cash Flow: $3.27 per share
Price / Cash Flow: 18.03
Book Value: $29.31 per share
Price / Book: 2.01

Miscellaneous

Outstanding Shares: 85,386,000
Free Float: 83,508,000
Market Cap: $5.03 billion
Optionable: Optionable
Beta: 0.83

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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, President & Director
Comp: $809.15k
Mr. Jaime Jackson Cannon (Age 48)
Executive VP, CFO, Head of Investor Relations & Secretary
Comp: $776.65k
Mr. John Tull Meyer (Age 63)
Executive Vice President
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 Analysis - 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 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TRNO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRNO, but not buy additional shares or sell existing shares.
View TRNO analyst ratings or view top-rated stocks.
What is Terreno Realty's stock price target for 2024?: 7 Wall Street research analysts have issued 1 year price objectives for Terreno Realty's shares. Their TRNO share price targets range from $52.00 to $80.00. On average, they anticipate the company's share price to reach $66.50 in the next year. This suggests a possible upside of 13.5% 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 3.1% and is now trading at $58.61.
View the best growth stocks for 2023 here.
Are investors shorting Terreno Realty?: Terreno Realty saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,160,000 shares, an increase of 29.5% from the October 31st total of 2,440,000 shares. Based on an average daily volume of 546,900 shares, the short-interest ratio is currently 5.8 days.
View Terreno Realty's Short Interest.
When is Terreno Realty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our TRNO earnings forecast.
How were Terreno Realty's earnings last quarter?: Terreno Realty Co. (NYSE:TRNO) issued its quarterly earnings data on Wednesday, November, 1st. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.20. The real estate investment trust had revenue of $82.92 million for the quarter, compared to the consensus estimate of $80.70 million. Terreno Realty had a net margin of 48.75% and a trailing twelve-month return on equity of 5.98%.

How often does Terreno Realty pay dividends? What is the dividend yield for Terreno Realty?: Terreno Realty announced a quarterly dividend on Wednesday, November 1st. Stockholders of record on Friday, December 15th will be given a dividend of $0.45 per share on Friday, January 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for TRNO.
Is Terreno Realty a good dividend stock?: Terreno Realty (NYSE:TRNO) pays an annual dividend of $1.80 per share and currently has a dividend yield of 3.03%. 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 94.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TRNO will have a dividend payout ratio of 75.63% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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).
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).
Who are Terreno Realty's major shareholders?: Terreno Realty's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (6.16%), Principal Financial Group Inc. (5.33%), Invesco Ltd. (4.82%), JPMorgan Chase & Co. (2.14%), PGGM Investments (1.71%) and Morgan Stanley (1.63%). 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.

This page (NYSE:TRNO) was last updated on 12/8/2023 by MarketBeat.com Staff

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