Terreno Realty Corporation (NYSE: TRNO) has received an upgrade from Baird analyst David Rodgers, who has assigned the stock an “Outperform” rating with a target price of $64. This rating adjustment indicates growing confidence in the company’s ability to enhance shareholder value, making it a compelling consideration for investors.
Recent Price Action
In the last few trading sessions, TRNO’s stock price has experienced a notable uptick, currently sitting at $59.10. Despite this positive turn, the stock remains approximately 14.6% below its 52-week high. It recorded a change of $0.99, translating to a rise of about 1.68% for the day. However, the trading volume was significantly below its three-month average of 629,829 shares—only 160,034 shares changed hands—indicating potential investor hesitancy amid prevailing market conditions. The company’s market capitalization stands at approximately $6.21 billion, and with a beta of 1.145, TRNO exhibits a volatility slightly above the market average.
Historical Performance
Examining TRNO’s performance over various timelines reveals mixed results. Over the past 30 days, the stock has seen a decline of 5.32%. In the shorter context of the last quarter, TRNO managed a modest increase of 1.22%, while its year-to-date performance stands nearly flat with a decrease of 0.07%. Notably, the stock has exhibited a weekly volatility of 2.06% and monthly volatility of 2.04%, indicating a tendency to fluctuate but not excessively, relative to other stocks in the sector. The average volume over the last ten days is 579,162 shares, reflecting a moderate level of trading activity.
Earnings Analysis
In its most recent earnings report, released on November 5, 2025, Terreno Realty Corporation delivered impressive results, reporting an earnings per share (EPS) of $1.00, significantly outpacing the market’s estimate of $0.65. This translates to a remarkable surprise of 53.85%, showcasing the company’s ability to exceed expectations. In the previous quarter, the EPS was $0.64, slightly missing expectations, thus highlighting a positive turnaround in performance. The volatility of TRNO’s earnings indicates that while the company has the potential to deliver outsized results, past fluctuations in EPS may give investors pause.
Consensus Ratings
Considering analysts’ current perspectives, TRNO holds seven total ratings, with four classified as “Buy”, two as “Hold”, and one as “Sell.” The average price target now sits at approximately $64.71, with a high view reaching $71.00 and the lowest target at $56.00. This consensus suggests a generally favorable outlook for the stock, particularly following the recent rating upgrade and its consistent earnings performance.
Stocks Telegraph Grading Score
The Stocks Telegraph grading system has assigned Terreno Realty Corporation a score of 54, indicating a moderate investment quality based on its overarching health and financial metrics. This score reflects the stock’s solid fundamentals and capacity for innovation within the real estate sector, positioning it as a viable candidate for investors looking for growth opportunities.
Conclusion
For investors focusing on long-term growth, Terreno Realty Corporation (TRNO) appears to be a stock worth watching, particularly following its recent analyst upgrade and strong earnings report. While TRNO shows some volatility and mixed historical performance, its solid foundation and robust earnings potential make it attractive for those seeking exposure to the real estate market. However, potential investors should remain cognizant of the risks associated with fluctuating earnings and broader market conditions. With an emphasis on the company’s upward trajectory and recent positive sentiment from analysts, TRNO presents an appealing option for a growth-oriented portfolio, especially in an environment where strategic investments in real assets may yield favorable returns.