TRNO Stock Summary and Trading Ideas (Terreno Realty | NYSE:TRNO)

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.

Terreno Realty trades on the NYSE stock market under the symbol TRNO.

As of May 13, 2024, TRNO stock price declined to $54.92 with 487,357 million shares trading.

TRNO has a beta of 1.43, meaning it tends to be more sensitive to market movements. TRNO has a correlation of 0.47 to the broad based SPY ETF.

TRNO has a market cap of $5.31 billion. This is considered a Mid Cap stock.

Last quarter Terreno Realty reported $85 million in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.01.

In the last 3 years, TRNO stock traded as high as $86.00 and as low as $50.36.

The top ETF exchange traded funds that TRNO belongs to (by Net Assets): VNQ, VTI, VB, IWM, VXF.

TRNO has underperformed the market in the last year with a price return of -9.5% while the SPY ETF gained +27.8%. TRNO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.5% and +1.5%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

TRNO support price is $53.95 and resistance is $56.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRNO stock will trade within this expected range on the day.