NYSE:TRNO

Terreno Realty - TRNO Stock Forecast, Price & News

$66.62

+0.67 (+1.02%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $65.92
▼
$66.62
50-Day Range: $54.88
▼
$66.62
52-Week Range: $54.51
▼
$86.00

Volume: 383,270 shs
Average Volume: 402,206 shs
Market Capitalization: $5.03 billion

P/E Ratio: 29.22
Dividend Yield: 2.06%
Price Target: $74.33

Terreno Realty MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 11.6% Upside
$74.33 Price Target
Short Interest: Bearish
2.70% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.40
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.92%
From $1.93 to $2.16 Per Share

Overall MarketRank^™

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

2.57 out of 5 stars

Finance Sector

292nd out of 926 stocks

Real Estate Industry

7th out of 24 stocks

3.4

Analyst's Opinion

Consensus Rating
Terreno Realty has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.33, Terreno Realty has a forecasted upside of 11.6% from its current price of $66.62.
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
2.70% 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 4.7.
Change versus previous month
Short interest in Terreno Realty has recently increased by 2.51%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
Terreno Realty pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Terreno Realty has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Terreno Realty is 59.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Terreno Realty will have a dividend payout ratio of 62.96% 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.

1.9

News and Social Media Coverage

News Sentiment
Terreno Realty has a news sentiment score of 0.40. 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 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Terreno Realty this week, compared to 3 articles on an average week.
Search Interest
3 people have searched for TRNO on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Terreno Realty to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 11.92% in the coming year, from $1.93 to $2.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Terreno Realty is 29.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Terreno Realty is 29.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 145.93.
Price to Book Value per Share Ratio
Terreno Realty has a P/B Ratio of 2.31. 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 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. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion. The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.

Wall Street Analyst Weigh In

TRNO has been the topic of several recent analyst reports. JMP Securities started coverage on Terreno Realty in a research report on Wednesday, May 18th. They set an "outperform" rating and a $75.00 target price on the stock. KeyCorp cut their price objective on shares of Terreno Realty from $86.00 to $70.00 and set an "overweight" rating on the stock in a report on Tuesday, June 28th. Jefferies Financial Group lowered their target price on shares of Terreno Realty from $88.00 to $68.00 and set a "buy" rating for the company in a report on Thursday, June 30th. TheStreet downgraded shares of Terreno Realty from a "b" rating to a "c+" rating in a research note on Thursday, May 19th. Finally, Mizuho decreased their price target on shares of Terreno Realty from $76.00 to $64.00 and set a "na" rating on the stock in a report on Tuesday, May 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.33.

Terreno Realty Stock Performance

Shares of TRNO Stock opened at $65.95 on Monday. The company's fifty day simple moving average is $58.83 and its 200-day simple moving average is $66.04. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.36. Terreno Realty has a 52 week low of $54.51 and a 52 week high of $86.00. The company has a market cap of $4.98 billion, a PE ratio of 28.93 and a beta of 0.75.

Terreno Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from Terreno Realty's previous quarterly dividend of $0.34. Terreno Realty's payout ratio is currently 59.65%.

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TRNO Stock News Headlines

August 11, 2022 | seekingalpha.com

Terreno Realty: An Industrial REIT That Is Worth The Premium Valuation

August 8, 2022 | finance.yahoo.com

Terreno Realty (TRNO) Adds Rancho Dominguez Property, Stock Up

August 5, 2022 | finance.yahoo.com

Should You Be Adding Terreno Realty (NYSE:TRNO) To Your Watchlist Today?

August 4, 2022 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Rancho Dominguez, CA for $32.1 Million

August 3, 2022 | finance.yahoo.com

Terreno Realty Corporation Increases Quarterly Dividend by 17.6% and Files Second Quarter 2022 Financial Statements

August 3, 2022 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Hawthorne, CA for $6.5 Million

July 22, 2022 | americanbankingnews.com

Terreno Realty Co. (NYSE:TRNO) Receives $74.33 Consensus PT from Analysts

July 20, 2022 | finance.yahoo.com

What Economic Slowdown? These REITs Are Running Out of Space

July 13, 2022 | seekingalpha.com

Wall Street Failed Terreno Realty

July 8, 2022 | finance.yahoo.com

Terreno Realty (TRNO) Sees High Occupancy, Rent Growth in Q2

July 7, 2022 | nasdaq.com

Terreno Realty (TRNO) Buys Medley Property, Boosts Portfolio

July 6, 2022 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Medley, FL for $20.0 Million

July 1, 2022 | finance.yahoo.com

Terreno Realty (TRNO) Expands Borrowing Capacity by $150M

June 30, 2022 | seekingalpha.com

Terreno Realty increases unsecured credit facility capacity by $150M

June 30, 2022 | finance.yahoo.com

Terreno Realty Corporation Increases Unsecured Credit Facility Borrowing Capacity

June 28, 2022 | markets.businessinsider.com

Where Terreno Realty Stands With Analysts

June 22, 2022 | seekingalpha.com

Terreno Realty signs lease in Seattle

June 22, 2022 | finance.yahoo.com

Terreno Realty Corporation Announces Lease in Seattle, WA

June 21, 2022 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Redmond, WA for $19.9 Million

June 13, 2022 | finance.yahoo.com

The total return for Terreno Realty (NYSE:TRNO) investors has risen faster than earnings growth over the last five years

June 10, 2022 | nasdaq.com

Terreno Realty Enters Oversold Territory

June 10, 2022 | finance.yahoo.com

Gladstone Commercial (GOOD) Sees High Occupancy, Grows Portfolio

June 9, 2022 | finance.yahoo.com

Terreno Realty (TRNO) Buys Newark Asset, Boosts Portfolio

June 8, 2022 | finance.yahoo.com

Terreno Realty (TRNO) Leases Kent Property, Sees Solid Demand

June 8, 2022 | finance.yahoo.com

Terreno Realty Corporation Acquires Property in Newark, NJ for $13.0 Million

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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TRNO Company Calendar

Last Earnings: 5/06/2020
Ex-Dividend for 7/14 Dividend: 6/29/2022
Dividend Payable: 7/14/2022
Today: 8/15/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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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: 34
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $74.33
High Stock Price Forecast: $94.00
Low Stock Price Forecast: $64.00
Forecasted Upside/Downside: +11.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.28
Trailing P/E Ratio: 29.22
Forward P/E Ratio: 34.52
P/E Growth: N/A
Net Income: $87.25 million
Net Margins: 68.67%
Pretax Margin: 68.86%
Return on Equity: 8.50%
Return on Assets: 5.99%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 0.13
Quick Ratio: 0.13

Sales & Book Value

Annual Sales: $221.93 million
Price / Sales: 22.68
Cash Flow: $1.86 per share
Price / Cash Flow: 35.83
Book Value: $28.86 per share
Price / Book: 2.31

Miscellaneous

Outstanding Shares: 75,547,000
Free Float: 73,734,000
Market Cap: $5.03 billion
Optionable: Optionable
Beta: 0.75

Key Executives

Mr. W. Blake Baird (Age 61)
Co-Founder, Chairman & CEO
Comp: $808.7k
Mr. Michael A. Coke CPA (Age 54)
Co-Founder, Pres & Director
Comp: $808.7k
Mr. Jaime Jackson Cannon (Age 47)
Exec. VP, CFO, Head of Investor Relations & Sec.
Comp: $767.83k
Mr. John Tull Meyer (Age 62)
Exec. VP
Comp: $767.83k
Ms. Melinda 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 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TRNO shares.
View TRNO analyst ratings or view top-rated stocks.
What is Terreno Realty's stock price forecast for 2022?: 7 equities research analysts have issued 12-month price objectives for Terreno Realty's stock. Their TRNO share price forecasts range from $64.00 to $94.00. On average, they expect the company's stock price to reach $74.33 in the next twelve months. This suggests a possible upside of 11.6% 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 2022?: Terreno Realty's stock was trading at $85.29 at the beginning of 2022. Since then, TRNO stock has decreased by 21.9% and is now trading at $66.62.
View the best growth stocks for 2022 here.
When is Terreno Realty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our TRNO earnings forecast.
How were Terreno Realty's earnings last quarter?: Terreno Realty Co. (NYSE:TRNO) posted its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The real estate investment trust had revenue of $45.12 million for the quarter, compared to the consensus estimate of $45.40 million. Terreno Realty had a net margin of 68.67% and a trailing twelve-month return on equity of 8.50%.
How often does Terreno Realty pay dividends? What is the dividend yield for Terreno Realty?: Terreno Realty declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Friday, September 30th will be given a dividend of $0.40 per share on Friday, October 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for TRNO.

Is Terreno Realty a good dividend stock?: Terreno Realty (NYSE:TRNO) pays an annual dividend of $1.36 per share and currently has a dividend yield of 2.06%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRNO will have a dividend payout ratio of 62.96% 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 many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (7.58%), FMR LLC (5.07%), JPMorgan Chase & Co. (2.72%), Northern Trust Corp (1.50%), Allianz Asset Management GmbH (0.95%) and Aew Capital Management L P (0.90%).
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 $66.62.
How much money does Terreno Realty make?: Terreno Realty (NYSE:TRNO) has a market capitalization of $5.03 billion and generates $221.93 million in revenue each year. The real estate investment trust earns $87.25 million in net income (profit) each year or $2.28 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 8/15/2022 by MarketBeat.com Staff

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Terreno Realty - TRNO Stock Forecast, Price & News

Terreno Realty MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month