The stock of Terreno Realty Corporation (NYSE:TRNO) increased by $1.0 on Friday to finish at $59.89, up 1.70 percent. The last five days have seen an average of 364,480 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $3.02. The average number of shares traded over the last 20 days was 484,920, while the average volume over the last 50 days totaled 576,290.
TRNO stock dropped -0.07% since last month. On 07/18/23, the company’s shares reached a one-month low of $57.13. The stock touched a high of $67.03 on 02/02/23, after rallying from a low of $50.36 in 52 weeks. The price of TRNO stock has risen by 5.31% or $3.02 this year, reaching a new high 12 times. Still, the stock price is down -10.65% from the 52-week high.
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Insider Transactions
TRNO stock investors should be aware that Terreno Realty Corporation (TRNO) stock had its last reported insider trading activity 10 days ago on Aug 04. On Aug 04, PRESIDENT COKE MICHAEL A sold 10,000 shares at $59.60 each. This transaction resulted in the insider making $596,000. On Dec 02, CARLSON LEROY E sold 4,000 shares at a price of US$58.49. After the transaction, the insider now owns 37,791 shares.
Valuation Metrics
Terreno Realty Corporation (TRNO) has a trailing price-to-earnings (P/E) ratio of 32.62. Beta for the stock is 0.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 16.42, the price-to-book (PB) ratio of 1.88, and the price-to-cash flow ratio of 69.60.
Company paid $0.45 per share in dividends, an increase of 12.5% from $0.40 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.29, and the total debt to equity ratio is 0.29. As far as profitability goes, gross margin for the trailing twelve months is 75.70% percent. Terreno Realty Corporation’s operating margin stood at 39.90% for the same period. Based on annual data, it had gross profit of $108.89 million and revenue of $276.21 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TRNO’s return on assets (ROA) during the last 12 months has been 4.30%. There was a 3.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.00%.
Earnings Surprise
According to Terreno Realty Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $79.54 million, while revenues rose by 17.81% to $74.65 million. It was predicted that Terreno Realty Corporation’s quarterly earnings would be $0.48, but it ended up being $0.31, beating the consensus by 54.80%. EBITDA was $47.9 million for the quarter. At the end of Terreno Realty Corporation’s most recent quarter ended June 29, its total debt was $775.1 million. Equity owned by shareholders amounts to $83.91 million.
Technical Picture
Here’s a quick look at Terreno Realty Corporation’s (TRNO) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 53.73%, suggesting the stock is Neutral, with a 19.60% historical volatility rate.
The stochastic %K and %D were 44.99% and 45.13% respectively, while the average true range (ATR) was 1.32. Based on the 14-day stochastic reading of 55.35%, the RSI (14) reading is 52.05%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at -0.21.
Analyst Ratings
In its analyst report released on July 19, 2023, Citigroup began covering Terreno Realty Corporation (NYSE: TRNO). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Terreno Realty Corporation (TRNO) an Overweight rating. TRNO is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is TRNO’s price target for the next 12 months?
The current consensus forecast for the stock is between $63.00 and $80.00, with a median target price of $70.00. In analyzing these forecasts, the average price target given by analysts for Terreno Realty Corporation (TRNO) is $70.00.
