Reassessing The Changing Outlook For Terreno Realty Corp (TRNO)

Currently, there are 87.49M common shares owned by the public and among those 86.00M shares have been available to trade.

Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 85,550 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 22,499 shares.

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However, the script later moved the day high at 63.18, down -0.46%. The company’s stock has a 5-day price change of -0.93% and 11.15% over the past three months. TRNO shares are trading 0.05% year to date (YTD), with the 12-month market performance down to -2.65% lower. It has a 12-month low price of $50.42 and touched a high of $65.13 over the same period. TRNO has an average intraday trading volume of 621.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.16%, 1.72%, and 5.87% respectively.

Institutional ownership of Terreno Realty Corp (NYSE: TRNO) shares accounts for 104.42% of the company’s 87.49M shares outstanding.

It has a market capitalization of $5.52B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 35.15, while the earnings-per-share (ttm) stands at $1.78. The company has a PEG of 3.51 and the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.78% over the week and 2.20% over the month.

Analysts forecast that Terreno Realty Corp (TRNO) will achieve an EPS of $0.36 for the current quarter, $0.37 for the next quarter and $1.66 for 2025. The lowest estimate earnings-per-share for the quarter is $0.34 while analysts give the company a high EPS estimate of $0.37. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to decrease by -30.65%, and -17.40% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 10.57% over the past 5-year period.

Looking at the support for the TRNO, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on December 07, 2023, with the firm’s price target at $71.

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