Terreno Realty Corp (NYSE: TRNO) has a higher price-to-earnings ratio of 30.51x compared to its average ratio. TRNO has 36-month beta value of 0.86. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for TRNO is 93.65M, and currently, short sellers hold a 2.11% ratio of that float. The average trading volume of TRNO on April 26, 2024 was 765.87K shares.
TRNO) stock’s latest price update
Terreno Realty Corp (NYSE: TRNO)’s stock price has dropped by -1.59 in relation to previous closing price of 55.31. Nevertheless, the company has seen a loss of -0.58% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-21 that Terreno Realty’s shares have fallen due to concerns about slower rental growth and declining occupancy levels. The company focuses on owning and operating warehouse and industrial real estate in major coastal areas of the US, focusing on densely populated areas.
TRNO’s Market Performance
Terreno Realty Corp (TRNO) has experienced a -0.58% fall in stock performance for the past week, with a -14.78% drop in the past month, and a -9.64% drop in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 2.41% for TRNO. The simple moving average for the last 20 days is -10.13% for TRNO’s stock, with a simple moving average of -8.88% for the last 200 days.
Analysts’ Opinion of TRNO
Many brokerage firms have already submitted their reports for TRNO stocks, with Barclays repeating the rating for TRNO by listing it as a “Overweight.” The predicted price for TRNO in the upcoming period, according to Barclays is $71 based on the research report published on March 27, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see TRNO reach a price target of $71. The rating they have provided for TRNO stocks is “Overweight” according to the report published on December 07th, 2023.
Wedbush gave a rating of “Neutral” to TRNO, setting the target price at $60 in the report published on October 03rd of the previous year.
TRNO Trading at -12.69% from the 50-Day Moving Average
After a stumble in the market that brought TRNO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.31% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -16.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.34% lower at present.
During the last 5 trading sessions, TRNO fell by -0.58%, which changed the moving average for the period of 200-days by -8.04% in comparison to the 20-day moving average, which settled at $60.02. In addition, Terreno Realty Corp saw -13.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TRNO starting from Weston Melinda, who sale 1,500 shares at the price of $62.06 back on Dec 14 ’23. After this action, Weston Melinda now owns 15,683 shares of Terreno Realty Corp, valued at $93,090 using the latest closing price.
CARLSON LEROY E, the Director of Terreno Realty Corp, sale 5,000 shares at $58.77 during a trade that took place back on Dec 08 ’23, which means that CARLSON LEROY E is holding 34,871 shares at $293,850 based on the most recent closing price.
Stock Fundamentals for TRNO
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.76 for the gross margin
The net margin for Terreno Realty Corp stands at 0.52. The total capital return value is set at 0.04. Equity return is now at value 5.86, with 4.26 for asset returns.
Based on Terreno Realty Corp (TRNO), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 6.14.
Currently, EBITDA for the company is 211.53 million with net debt to EBITDA at 2.87. When we switch over and look at the enterprise to sales, we see a ratio of 17.97. The receivables turnover for the company is 5.77for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To put it simply, Terreno Realty Corp (TRNO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
