Terreno Realty (TRNO) Stock: Buy, Sell, or Hold?
TRNO - Terreno Realty Corporation
$66.76
1.20 (1.83%)
▲
5d:
+2.71%
30d:
+3.44%
90d:
-5.12%
BUY
MODERATE Confidence
Analysis Updated: Nov 2, 2026 12:00 AM ET
Earnings: Nov 04, 2026
TODAY
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: TRNO shows positive signals but monitor for confirmation. Market pricing in 1.8% decline. Moderate conviction.
💡 BUY OPPORTUNITY: TRNO shows positive signals but monitor for confirmation. Market pricing in 1.8% decline. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$44.93
Based on 0.4% avg growth
INTRINSIC VALUE TODAY
$27.90
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: TRNO is currently trading at $66.76, which is considered extended relative to its 30-day fair value range of $64.11 to $65.92. The stock's valuation (Forward PE: 37.8) is in line with its historical norms (40.0). Remarkably, the market is currently pricing in an annual earnings decline of 1.8% over the next few years. This aligns with recent fundamental challenges.
Technical Outlook: Technically, TRNO is in a downtrend. The price is approaching resistance at $67.11. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: TRNO scores 61/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. In the options market, Implied Volatility is low (27th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $73.47 (+10.1%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, TRNO is in a downtrend. The price is approaching resistance at $67.11. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: TRNO scores 61/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. In the options market, Implied Volatility is low (27th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $73.47 (+10.1%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$64.11 -
$65.92
Company Quality Score
56/100
(HOLD)
Options IV Signal
27th percentile
(COMPLACENCY WARNING)
Volume Confirmation
HIGH
Confidence Score
67.3%
All Signals
- BEARISH: Price extended above range
- BULLISH: Options cheap (IV 27th percentile)
- BULLISH: Strong technical setup (61/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($73.47)
- BULLISH: Bottoming setup score 61/100 — corrected, stabilizing, and turning up
Trading Range Analysis
30-Day Trading Range
$64.11 -
$65.92
Current vs Trading Range
EXTENDED
Expected Move (7 Days)
±$2.52
(3.8%)
Support & Resistance Levels
Support Level
$63.46
Resistance Level
$67.11
Current Trend
Downtrend
Technical data as of
Nov 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
37.83
Wall Street Target
$73.47
(+10.1%)
Revenue Growth (YoY)
11.1%
Earnings Growth (YoY)
-40.2%
Profit Margin
77.3%
Valuation Discount vs History
-1.8% cheaper
PE vs Historical
37.8 vs 40.0
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-1.8%
(market-implied from PE analysis)
1-Year Target
$65.56
(-2%)
2-Year Target
$64.38
(-4%)
3-Year Target
$63.22
(-5%)
3-Yr Target (if PE normalizes)
(PE: 38→40)
$66.84
(+0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 37.8, Growth: -3.2%)
$60.54
(+-9%)
Base:
(SPY PE: 19.9, Growth: -3.2%)
$31.78
(-52%)
Bear:
(PE: 16.9, Growth: -3.2%)
$27.01
(-60%)
📈
Valuation based on Current Earnings
Trailing PE: 17.62 | Current EPS (TTM): $3.72
Bull Case
$36.06
(-46%)
Analyst growth -50.0%, PE expands to 19.4
Base Case
$32.78
(-51%)
Market implied -50.0%, PE stable at 17.6
Bear Case
$44.58
(-33%)
Severe decline -20.0%, PE contracts to 15.0
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 37.8 to 40.0
Stabilization Target:
$70.59
(+5.7%)
PE Expansion Potential:
+5.7%
Share & Embed Analysis
Last updated: November 03, 2026 7:53 AM ET
Data refreshes hourly during market hours. Next update: 8:53 AM
Data refreshes hourly during market hours. Next update: 8:53 AM
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Technical Signals Check
Is TRNO showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
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Advanced TRNO Option Strategies
Professional options setups generated by AI based on today's TRNO price and gamma walls.
