Terreno RealtyTRNO
TRNO
About: Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning, and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.
Employees: 40
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 27
12% more capital invested
Capital invested by funds: $6.12B [Q2] → $6.84B (+$720M) [Q3]
6% more funds holding
Funds holding: 305 [Q2] → 322 (+17) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
1.22% less ownership
Funds ownership: 107.17% [Q2] → 105.94% (-1.22%) [Q3]
20% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 137
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$67
14%
upside
Avg. target
$69
17%
upside
High target
$72
22%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
JMP Securities Mitch Germain 0 / 0 met price target | 22%upside $72 | Market Outperform Reiterated | 9 Dec 2024 |
Barclays Brendan Lynch 33% 1-year accuracy 10 / 30 met price target | 15%upside $68 | Overweight Maintained | 28 Oct 2024 |
Scotiabank Greg McGinniss 17% 1-year accuracy 2 / 12 met price target | 14%upside $67 | Sector Perform Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 13 articles about TRNO published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Terreno Realty Expands Portfolio With Property Buyout in Brooklyn
TRNO acquires another industrial property in New York to fructify its portfolio expansion efforts amid healthy demand for its asset base.
Neutral
Business Wire
1 week ago
Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million.
Neutral
Business Wire
1 week ago
Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million.
Positive
Zacks Investment Research
1 week ago
Terreno Boosts Portfolio With Acquisition in Long Island City Queens
TRNO's buyout of industrial property in Long Island City Queens, NY, and recent developments come as part of its portfolio expansion efforts.
Neutral
Seeking Alpha
2 weeks ago
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFFO multiples from 35.5x in 2021 to 20.5x recently. Despite strong demand, new supply has suppressed rent growth and occupancy, leading to tepid SSNOI growth.
Neutral
PRNewsWire
2 weeks ago
Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
Neutral
Business Wire
2 weeks ago
Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million.
Positive
Seeking Alpha
2 weeks ago
12 REITs Poised For Potential Outperformance
As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpass higher-yielding stocks over time, offering better yield on cost. Dividend growers often outperform the REIT average in total returns, driven by strong AFFO growth and superior gains in stock price.
Positive
Seeking Alpha
3 weeks ago
Terreno Realty: Mixed Signals
Terreno Realty shifted focus from nominal growth to deleveraging, raising questions about internal valuation. The company has a distinguished and so far successful long-term investment philosophy. Despite high valuations, Terreno has issued more shares than assets purchased, suggesting management believes current valuations are rich and possibly overstretched.
Positive
Zacks Investment Research
3 weeks ago
Terreno Realty Announces Lease at Avenel, Sees Healthy Demand
TRNO's securing of a new lease with a leading national wholesale tire distributor at Avenel, NJ, highlights healthy demand for its properties.
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