Terreno Realty Stock Intrinsic Value – Piper Sandler’s Overweight Rating and $80 Target Price Boosts Terreno Realty’s Stock

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Terreno Realty ($NYSE:TRNO) Corp is a real estate investment trust (REIT) that specializes in acquiring, owning, and operating industrial real estate properties. The company focuses on high-barrier, infill markets in major coastal cities such as Los Angeles, San Francisco, and New York. One of the key factors that have contributed to Terreno Realty’s success is its consistent outperformance in the market. This has been recognized by Piper Sandler, a leading investment bank and asset management firm, who has given the company a consistent Overweight rating. This means that Piper Sandler believes Terreno Realty’s stock is expected to outperform the market average. Moreover, Piper Sandler has recently boosted Terreno Realty’s price target to $80.00, further solidifying their confidence in the company’s performance. This represents a potential 15% increase from the company’s current stock price. This move by Piper Sandler highlights Terreno Realty’s strong financials and growth potential in the industrial real estate market. Terreno Realty’s sustained outperformance can be attributed to its strategic focus on high-barrier, infill markets. These markets have limited available land for development, making it difficult for competitors to enter and creating a more stable pricing environment for Terreno Realty’s properties.

Additionally, the company’s portfolio of industrial properties has been in high demand due to the growth of e-commerce and other industries that require warehouses and distribution centers. In conclusion, Terreno Realty’s consistent outperformance and strong financials have caught the attention of Piper Sandler, who has given the company an Overweight rating and a $80 price target. With its strategic focus on high-barrier, infill markets and a growing demand for industrial properties, Terreno Realty is well-positioned for continued success in the market.

Market Price

On Friday, TERRENO REALTY‘s stock received a significant boost after Piper Sandler upgraded its rating on the stock to “overweight” and raised its target price to $80. This news caused the stock to open at $62.79 and close at $63.3, representing a 1.15% increase from the previous day’s closing price of $62.58. This upgrade from Piper Sandler comes as no surprise, as TERRENO REALTY has been performing strongly in the market. The company focuses on acquiring, owning, and operating industrial real estate properties in six major coastal markets in the United States. With the rise of e-commerce and the increasing demand for warehouse and distribution space, TERRENO REALTY has seen steady growth in its business. The upgrade from Piper Sandler reflects their confidence in TERRENO REALTY’s future performance, as they believe the stock has significant upside potential.

This positive sentiment towards TERRENO REALTY is also reflected in the company’s financials. Investors are taking notice of this upgrade and target price boost, as TERRENO REALTY’s stock has been on an upward trend since the news was announced. This is a positive sign for the company, as it continues to attract investors with its stable financials and growth potential. With its strong financials and growing demand for its properties, TERRENO REALTY is well-positioned for future success in the industrial real estate market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Terreno Realty. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Terreno Realty. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Terreno Realty. More…

Key Ratios Snapshot

Some of the financial key ratios for Terreno Realty are shown below. More…

Analysis – Terreno Realty Stock Intrinsic Value

After conducting a thorough analysis of TERRENO REALTY, I would like to present the key points that highlight the company’s current status and potential for growth. Firstly, our proprietary Valuation Line has estimated the fair value of TERRENO REALTY’s shares to be around $74.5. This is a result of considering various factors such as the company’s financial performance, market trends, and industry outlook. This implies that the stock is undervalued by a significant margin of 15.1%. Such a discrepancy between the fair value and current trading price presents an opportunity for investors to capitalize on the undervalued stock. This also indicates that there is potential for the stock to see a price increase in the future, bringing it closer to its fair value. Additionally, TERRENO REALTY’s financials show a strong track record of performance and stability. The company’s revenue has been consistently growing over the past few years, indicating a healthy demand for its properties and services. Furthermore, TERRENO REALTY has a strong balance sheet with solid liquidity and manageable debt levels, which gives it the flexibility to make strategic investments and expand its operations. Furthermore, TERRENO REALTY operates in the real estate industry, which is projected to see continued growth in the coming years. This is due to factors such as urbanization, population growth, and increasing demand for industrial and commercial properties. As a result, TERRENO REALTY is well-positioned to benefit from these trends and generate steady returns for its investors. In conclusion, based on our analysis, TERRENO REALTY seems to be a sound investment opportunity with a potential for long-term growth. With its strong financials, undervalued stock price, and presence in a growing industry, TERRENO REALTY has the potential to deliver attractive returns for investors. As always, it is important for investors to conduct their own research and due diligence before making any investment decisions. More…

Peers

As of December 31, 2020, Terreno Realty owned 81 industrial properties comprising approximately 16.0 million square feet of rentable space. The company’s competitors include Piedmont Office Realty Trust Inc, FIBRA Macquarie, Paramount Group Inc.

– Piedmont Office Realty Trust Inc ($NYSE:PDM)

Piedmont Office Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, manages, develops, acquires and operates Class A office properties in select U.S. markets. Piedmont is headquartered in Atlanta, Georgia and has local offices in Washington, D.C., Dallas, Houston, Los Angeles and San Francisco. As of March 31, 2019, Piedmont’s operating portfolio comprised approximately 26 million square feet of office space across 122 properties located in 21 states.

– FIBRA Macquarie ($OTCPK:DBMBF)

FIBRA Macquarie is a Mexico-based real estate investment trust (REIT) focused on the industrial sector. The company’s portfolio consists of warehouses and distribution centers located in Mexico’s major industrial markets, including Mexico City, Monterrey, Guadalajara, and Tijuana. FIBRA Macquarie is listed on the Mexican Stock Exchange under the ticker symbol FIBRAMQ.

– Paramount Group Inc ($NYSE:PGRE)

Paramount Group Inc is a leading American entertainment company with a market capitalization of $1.52 billion as of 2022. The company produces, finances, and releases motion pictures, television programming, home entertainment, and other content through its various divisions. Paramount is also one of the largest shareholders of CBS Corporation and Viacom.

Summary

Piper Sandler, a leading investment firm, has maintained its positive outlook on Terreno Realty Corp by maintaining an Overweight rating and steady price target of $80.00. Despite recent market volatility, the firm remains optimistic about the company’s potential for growth and success. Terreno Realty’s stock has been consistently rated as a good investment opportunity, with the company’s focus on industrial real estate and strategic acquisitions being key factors in this assessment. With a strong track record and continued positive analysis from Piper Sandler, investors may be encouraged to consider Terreno Realty as a potential addition to their portfolio.