In yesterday’s Wall Street session, Terreno Realty Corp (NYSE:TRNO) shares traded at $58.99, up 0.63% from the previous session.
TRNO stock price is now -4.10% away from the 50-day moving average and -5.45% away from the 200-day moving average. The market capitalization of the company currently stands at $5.92B.
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With the price target maintained at $62, Mizuho recently Downgraded its rating from Neutral to Underperform for Terreno Realty Corp (NYSE: TRNO). On August 28, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $71 to quote $75, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, COKE MICHAEL A, PRESIDENT sold 7,500 shares of the company’s stock on Aug 09 ’24. The stock was sold for $513,975 at an average price of $68.53. Upon completion of the transaction, the PRESIDENT now directly owns 402,164 shares in the company, valued at $23.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, EVP Meyer John Tull sold 6,145 shares of the business’s stock. A total of $421,793 was realized by selling the stock at an average price of $68.64. This leaves the insider owning 110,988 shares of the company worth $6.55 million. A total of 2.08% of the company’s stock is owned by insiders.
During the past 12 months, Terreno Realty Corp has had a low of $53.78 and a high of $71.63. According to the stock market information, the enterprise value for the company is $6316392448, which is based on a 32.82 price-to-earnings ratio, a 3.65 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for TRNO is $61.5106 and a two-hundred day moving average price translates $62.39085 for the stock.
The latest earnings results from Terreno Realty Corp (NYSE: TRNO) was released for 2024-09-30. The net profit margin was 45.21% and return on equity was 5.19% for TRNO. The company reported revenue of $99.64 million for the quarter, compared to $82.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.16 percent.
