About Terreno Realty (NYSE:TRNO)
Terreno Realty Corporation 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. Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
Industry, Sector and Symbol
Industry Real estate
Sub-IndustryIndustrial REITs
SectorFinance
SymbolNYSE:TRNO
CUSIP88146M10
Phone415-655-4580
Debt
Debt-to-Equity Ratio0.46%
Current Ratio1.68%
Quick Ratio1.68%
Price-To-Earnings
Trailing P/E Ratio32.17
Forward P/E Ratio29.22
P/E Growth2.93
Sales & Book Value
Annual Sales$132.48 million
Price / Sales14.68
Cash Flow$1.6499 per share
Price / Cash21.25
Book Value$18.83 per share
Price / Book1.86
Profitability
EPS (Most Recent Fiscal Year)$1.09
Net Income$53.09 million
Net Margins38.61%
Return on Equity5.45%
Return on Assets3.52%
Miscellaneous
Employees22
Outstanding Shares55,470,000
Terreno Realty (NYSE:TRNO) Frequently Asked Questions
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 8th. Shareholders of record on Wednesday, March 28th will be paid a dividend of $0.22 per share on Thursday, April 12th. This represents a $0.88 annualized dividend and a yield of 2.51%. The ex-dividend date is Tuesday, March 27th. View Terreno Realty's Dividend History.
How were Terreno Realty's earnings last quarter?
Terreno Realty (NYSE:TRNO) posted its earnings results on Wednesday, February, 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.29 by $0.09. The real estate investment trust earned $34.63 million during the quarter, compared to the consensus estimate of $34.86 million. Terreno Realty had a net margin of 38.61% and a return on equity of 5.45%. View Terreno Realty's Earnings History.
When is Terreno Realty's next earnings date?
What price target have analysts set for TRNO?
12 analysts have issued 1-year price objectives for Terreno Realty's shares. Their forecasts range from $34.00 to $45.00. On average, they anticipate Terreno Realty's stock price to reach $37.50 in the next year. View Analyst Ratings for Terreno Realty.
What are Wall Street analysts saying about Terreno Realty stock?
Here are some recent quotes from research analysts about Terreno Realty stock:
- 1. 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. " (2/16/2018)
- 2. National Securities analysts commented, "TRNO 2Q17 Recap: With TRNO’s shares near recent all-time highs and having appreciated 59.2% from $20.12 where we initially rated the stock a BUY in a 7/28/15 initiation note, its current 28.42x 2018 P/FFO estimate is at a staggering 40.7% premium to the industrial REIT sector median multiple of 20.20x and appears fully valued. As such, we are maintaining our NEUTRAL rating and adjusting our price target to $35.
With industrial real estate prices up significantly and TRNO’s highly attractive acquisition vintage profile, we expect management to continue to harvest gains in 2017 and 2018 and recycle capital. The future remains bright for TRNO and we continue to favor industrial REIT operators formed >2010, as their portfolios are absent legacy assets and more attractive on a relative basis.
" (8/21/2017)
Who are some of Terreno Realty's key competitors?
Some companies that are related to Terreno Realty include Kennedy-Wilson (KW), Colliers International Gr (CIGI), FirstService (FSV), Urban Edge Properties (UE), Five Point (FPH), Gazit Globe (GZT), Seritage Growth Properties (SRG), Government Properties Income Trust (GOV), Cresud S.A.C.I.F. y A. (CRESY), Getty Realty (GTY), Forestar Group (FOR), Armada Hoffler Properties (AHH), FRP (FRPH), Altisource Residential (RESI), Ellington Financial (EFC), PICO (PICO), Innovative Industrial (IIPR) and Leju (LEJU).
Who are Terreno Realty's key executives?
Terreno Realty's management team includes the folowing people:
- Mr. W. Blake Baird, Chairman & CEO (Age 57)
- Mr. Michael A. Coke, Pres & Director (Age 50)
- Mr. Jaime Jackson Cannon, Exec. VP, CFO & Sec. (Age 43)
- Mr. John Tull Meyer, Exec. VP (Age 58)
- Mr. Andrew Thomas Burke, Exec. VP (Age 42)
Has Terreno Realty been receiving favorable news coverage?
Media headlines about TRNO stock have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Terreno Realty earned a news sentiment score of 0.16 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 47.19 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
How do I buy shares of Terreno Realty?
Shares of TRNO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Terreno Realty's stock price today?
One share of TRNO stock can currently be purchased for approximately $35.06.
How big of a company is Terreno Realty?
Terreno Realty has a market capitalization of $1.94 billion and generates $132.48 million in revenue each year. The real estate investment trust earns $53.09 million in net income (profit) each year or $1.09 on an earnings per share basis. Terreno Realty employs 22 workers across the globe.
How can I contact Terreno Realty?
Terreno Realty's mailing address is 101 MONTGOMERY STREET SUITE 200, SAN FRANCISCO CA, 94104. The real estate investment trust can be reached via phone at 415-655-4580 or via email at [email protected]
MarketBeat Community Rating for Terreno Realty (TRNO)
MarketBeat's community ratings are surveys of what our community members think about Terreno Realty and other stocks. Vote "Outperform" if you believe TRNO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TRNO will underperform the S&P 500 over the long term. You may vote once every thirty days.
Terreno Realty (NYSE:TRNO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Terreno Realty in the last 12 months. Their average twelve-month price target is $37.50, suggesting that the stock has a possible upside of 6.96%. The high price target for TRNO is $45.00 and the low price target for TRNO is $34.00. There are currently 4 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.64 | 2.60 | 2.56 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $37.50 | $37.50 | $38.4444 | $35.2857 |
| Price Target Upside: | 6.96% upside | 9.78% upside | 11.98% upside | 4.01% downside |
Terreno Realty (NYSE:TRNO) Consensus Price Target History
Terreno Realty (NYSE:TRNO) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Terreno Realty (NYSE:TRNO) Dividend Information
Terreno Realty pays an annual dividend of $0.88 per share, with a dividend yield of 2.51%. TRNO's most recent quarterly dividend payment was Thursday, April 12. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 14.90% each year. Terreno Realty pays out 80.73% of its earnings out as a dividend.
| Most Recent Dividend: | 4/12/2018 |
| Annual Dividend: | $0.88 |
| Dividend Yield: | 2.51% |
| Dividend Growth: | 14.90% (3 Year Average) |
| Payout Ratio: | 80.73% (Trailing 12 Months of Earnings)
73.33% (Based on This Year's Estimates)
68.75% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Terreno Realty (NYSE:TRNO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/8/2018 | quarterly | $0.22 | 2.74% | 3/27/2018 | 3/28/2018 | 4/12/2018 |
| 11/2/2017 | quarterly | $0.22 | 2.33% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 8/3/2017 | quarterly | $0.22 | 2.54% | 10/5/2017 | 10/6/2017 | 10/20/2017 |
| 5/4/2017 | quarterly | $0.20 | 2.5% | 7/5/2017 | 7/7/2017 | 7/21/2017 |
| 2/9/2017 | quarterly | $0.20 | 2.95% | 3/24/2017 | 3/28/2017 | 4/12/2017 |
| 11/3/2016 | quarterly | $0.20 | 3.21% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 7/28/2016 | quarterly | $0.20 | 2.94% | 10/5/2016 | 10/7/2016 | 10/21/2016 |
| 5/5/2016 | quarterly | $0.18 | 3.08% | 7/5/2016 | 7/7/2016 | 7/21/2016 |
| 2/11/2016 | quarterly | $0.18 | 3.43% | 3/23/2016 | 3/28/2016 | 4/12/2016 |
| 11/5/2015 | quarterly | $0.18 | 3.17% | 12/29/2015 | 12/31/2015 | 1/14/2016 |
| 8/6/2015 | quarterly | $0.16 | 3.04% | 10/5/2015 | 10/7/2015 | 10/21/2015 |
| 5/7/2015 | quarterly | $0.16 | 3.13% | 7/2/2015 | 7/7/2015 | 7/21/2015 |
| 2/19/2015 | quarterly | $0.16 | 2.8% | 4/2/2015 | 4/7/2015 | 4/21/2015 |
| 11/4/2014 | quarterly | $0.16 | 3.03% | 12/29/2014 | 12/31/2014 | 1/14/2015 |
| 8/11/2014 | quarterly | $0.14 | 2.89% | 10/3/2014 | 10/7/2014 | 10/21/2014 |
| 5/12/2014 | quarterly | $0.14 | 2.97% | 7/2/2014 | 7/7/2014 | 7/21/2014 |
| 2/19/2014 | quarterly | $0.13 | 2.76% | 4/3/2014 | 4/7/2014 | 4/21/2014 |
| 11/6/2013 | quarterly | $0.13 | 2.97% | 12/29/2014 | 12/31/2013 | 1/14/2014 |
| 8/7/2013 | quarterly | $0.13 | 2.89% | 10/3/2013 | 10/7/2013 | 10/21/2013 |
| 5/8/2013 | quarterly | $0.13 | 2.65% | 7/2/2013 | 7/5/2013 | 7/19/2013 |
| 2/19/2013 | quarterly | $0.12 | 2.79% | 4/3/2013 | 4/5/2013 | 4/19/2013 |
(Data available from 1/1/2013 forward)
Terreno Realty (NYSE TRNO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 99.65%
Terreno Realty (NYSE TRNO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/1/2015 | Douglas M. Pasquale | Director | Buy | 3,500 | $19.82 | $69,370.00 | 86,000 |  |
| 6/29/2015 | Douglas M Pasquale | Director | Buy | 3,354 | $19.84 | $66,543.36 | | |
| 3/12/2014 | Douglas Pasquale | Director | Buy | 1,500 | $17.68 | $26,520.00 | 70,000 | |
| 11/20/2013 | Douglas Pasquale | Director | Buy | 1,000 | $16.76 | $16,760.00 | 68,500 | |
| 11/19/2013 | Douglas Pasquale | Director | Buy | 2,441 | $16.96 | $41,399.36 | 67,500 | |
| 11/18/2013 | Douglas Pasquale | Director | Buy | 4,559 | $17.21 | $78,460.39 | 65,059 | |
| 11/13/2013 | Peter Merlone | Director | Buy | 11,599 | $17.12 | $198,574.88 | 65,000 | |
| 11/11/2013 | Peter Merlone | Director | Buy | 4,781 | $17.15 | $81,994.15 | 63,651 | |
| 8/21/2013 | Douglas Pasquale | Director | Buy | 1,000 | $17.10 | $17,100.00 | 60,500 | |
| 8/19/2013 | Douglas Pasquale | Director | Buy | 4,000 | $17.50 | $70,000.00 | 59,500 | |
| 7/17/2013 | Douglas M Pasquale | Director | Buy | 5,350 | $18.25 | $97,637.50 | | |
| 7/17/2013 | Jaime Jackson Cannon | CFO | Buy | 1,000 | $18.25 | $18,250.00 | | |
| 7/17/2013 | Michael A Coke | President | Buy | 3,000 | $18.25 | $54,750.00 | | |
| 7/17/2013 | W Blake Baird | CEO | Buy | 21,000 | $18.25 | $383,250.00 | | |
| 2/22/2013 | Dennis Polk | Director | Buy | 2,500 | $16.60 | $41,500.00 | | |
| 2/22/2013 | Michael A Coke | CFO | Buy | 5,000 | $16.60 | $83,000.00 | | |
| 2/22/2013 | W Blake Baird | CEO | Buy | 60,000 | $16.60 | $996,000.00 | | |
(Data available from 1/1/2013 forward)
Terreno Realty (NYSE TRNO) News Headlines
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Terreno Realty (NYSE:TRNO) SEC Filings
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Terreno Realty (NYSE:TRNO) Income Statement, Balance Sheet and Cash Flow Statement
Terreno Realty (NYSE TRNO) Stock Chart for Sunday, April, 22, 2018
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