About Terreno Realty
Terreno 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
- 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
- Net Margins: 12.30%
- Return on Equity: 1.81%
- Return on Assets: 1.10%
Companies Related to Terreno Realty:
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 0.78%
- Quick Ratio: 0.78%
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.