Is Terreno Realty Corp (TRNO) Stock a Good Buy for Short-term Investors?

Terreno Realty Corp [TRNO] stock is trading at $70.20, down -0.17%. An important factor to consider is whether the stock is rising or falling in short-term value. The TRNO shares have gain 3.49% over the last week, with a monthly amount glided 2.60%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Terreno Realty Corp [NYSE: TRNO] stock has seen the most recent analyst activity on June 04, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $68. Previously, Barclays started tracking the stock with Overweight rating on March 27, 2024, and set its price target to $71. On December 07, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $71 on the stock. Wedbush started tracking the stock assigning a Neutral rating and suggested a price target of $60 on October 03, 2023. Citigroup initiated its recommendation with a Neutral and recommended $63 as its price target on July 19, 2023. Goldman started tracking with a Neutral rating for this stock on July 11, 2023, and assigned it a price target of $65. In a note dated October 17, 2022, Scotiabank downgraded an Sector Perform rating on this stock and revised its target price from $73 to $54.

Terreno Realty Corp [TRNO] stock has fluctuated between $50.42 and $71.63 over the past year. Currently, Wall Street analysts expect the stock to reach $66.4 within the next 12 months. Terreno Realty Corp [NYSE: TRNO] shares were valued at $70.20 at the most recent close of the market. An investor can expect a potential drop of -5.41% based on the average TRNO price forecast.

Analyzing the TRNO fundamentals

Terreno Realty Corp [NYSE:TRNO] reported sales of 348.68M for the trailing twelve months, which represents a growth of 18.50%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.43%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.46%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.67 points at the first support level, and at 69.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.55, and for the 2nd resistance point, it is at 70.89.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 19.51, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 39.38.

Transactions by insiders

Recent insider trading involved COKE MICHAEL A, PRESIDENT, that happened on Aug 09 ’24 when 7500.0 shares were sold. EVP, Meyer John Tull completed a deal on Aug 09 ’24 to sell 6145.0 shares. Meanwhile, CFO Cannon Jaime Jackson sold 4998.0 shares on Aug 09 ’24.

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