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

Terreno Realty Corp [TRNO] stock is trading at $61.81, up 1.33%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TRNO shares have gain 3.48% over the last week, with a monthly amount drifted -3.51%, and not 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 September 05, 2024, when Mizuho downgraded its rating to a Underperform but kept the price target unchanged to $62 for it. Previously, Wells Fargo downgraded its rating to Equal Weight on August 28, 2024, and elevated its price target to $75. On June 04, 2024, Exane BNP Paribas initiated with a Outperform rating and assigned a price target of $68 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $71 on March 27, 2024. Wells Fargo initiated its recommendation with a Overweight and recommended $71 as its price target on December 07, 2023. Wedbush started tracking with a Neutral rating for this stock on October 03, 2023, and assigned it a price target of $60. In a note dated July 19, 2023, Citigroup initiated an Neutral rating and provided a target price of $63 on this stock.

Terreno Realty Corp [TRNO] stock has fluctuated between $53.23 and $71.63 over the past year. Currently, Wall Street analysts expect the stock to reach $68.67 within the next 12 months. Terreno Realty Corp [NYSE: TRNO] shares were valued at $61.81 at the most recent close of the market. An investor can expect a potential return of 11.1% based on the average TRNO price forecast.

Analyzing the TRNO fundamentals

Terreno Realty Corp [NYSE:TRNO] reported sales of 365.40M for the trailing twelve months, which represents a growth of 20.16%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.45%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.

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 61.46 points at the first support level, and at 61.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.23, and for the 2nd resistance point, it is at 62.65.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 16.87, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 34.38.

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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