6 analysts have expressed a variety of opinions on Terreno Realty TRNO over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 4 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have recently evaluated Terreno Realty and provided 12-month price targets. The average target is $69.0, accompanied by a high estimate of $75.00 and a low estimate of $62.00. This upward trend is apparent, with the current average reflecting a 9.18% increase from the previous average price target of $63.20.
Analyzing Analyst Ratings: A Detailed Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Terreno Realty. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Greg McGinniss | Scotiabank | Lowers | Sector Perform | $67.00 | $70.00 |
| Vikram Malhotra | Mizuho | Maintains | Underperform | $62.00 | $62.00 |
| Blaine Heck | Wells Fargo | Announces | Equal-Weight | $75.00 | - |
| Greg McGinniss | Scotiabank | Raises | Sector Perform | $70.00 | $59.00 |
| Mitch Germain | JMP Securities | Raises | Market Outperform | $72.00 | $65.00 |
| Caitlin Burrows | Goldman Sachs | Raises | Neutral | $68.00 | $60.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Terreno Realty. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Terreno Realty compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Terreno Realty's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Terreno Realty's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Terreno Realty analyst ratings.
About Terreno Realty
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.
Understanding the Numbers: Terreno Realty's Finances
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Terreno Realty's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 18.5%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 37.71%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Terreno Realty's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.03%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Terreno Realty's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.8%, the company showcases efficient use of assets and strong financial health.
Debt Management: Terreno Realty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.22.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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