Terreno Realty Corporation (NYSE: TRNO) is one of 14 publicly-traded companies in the “Industrial REITs” industry, but how does it contrast to its competitors? We will compare Terreno Realty Corporation to related businesses based on the strength of its institutional ownership, analyst recommendations, dividends, profitability, valuation, earnings and risk.

Insider & Institutional Ownership

98.2% of Terreno Realty Corporation shares are owned by institutional investors. Comparatively, 93.0% of shares of all “Industrial REITs” companies are owned by institutional investors. 3.0% of Terreno Realty Corporation shares are owned by insiders. Comparatively, 1.7% of shares of all “Industrial REITs” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Dividends

Terreno Realty Corporation pays an annual dividend of $0.88 per share and has a dividend yield of 2.4%. Terreno Realty Corporation pays out 114.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Industrial REITs” companies pay a dividend yield of 2.9% and pay out 81.0% of their earnings in the form of a dividend. Terreno Realty Corporation has increased its dividend for 4 consecutive years. Terreno Realty Corporation lags its competitors as a dividend stock, given its lower dividend yield and higher payout ratio.

Risk and Volatility

Terreno Realty Corporation has a beta of 0.8, indicating that its share price is 20% less volatile than the S&P 500. Comparatively, Terreno Realty Corporation’s competitors have a beta of 1.06, indicating that their average share price is 6% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current recommendations and price targets for Terreno Realty Corporation and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Terreno Realty Corporation 0 4 5 0 2.56
Terreno Realty Corporation Competitors 55 497 486 5 2.42

Terreno Realty Corporation presently has a consensus target price of $35.29, suggesting a potential downside of 4.76%. As a group, “Industrial REITs” companies have a potential downside of 2.07%. Given Terreno Realty Corporation’s competitors higher probable upside, analysts clearly believe Terreno Realty Corporation has less favorable growth aspects than its competitors.

Profitability

This table compares Terreno Realty Corporation and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Terreno Realty Corporation 33.00% 4.83% 3.06%
Terreno Realty Corporation Competitors 56.27% 7.78% 4.08%

Earnings & Valuation

This table compares Terreno Realty Corporation and its competitors top-line revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Terreno Realty Corporation $108.42 million $15.11 million 48.12
Terreno Realty Corporation Competitors $606.71 million $215.55 million 144.97

Terreno Realty Corporation’s competitors have higher revenue and earnings than Terreno Realty Corporation. Terreno Realty Corporation is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

Terreno Realty Corporation competitors beat Terreno Realty Corporation on 11 of the 15 factors compared.

About Terreno Realty Corporation

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (D.C.)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment. As of December 31, 2016, the Company owned 166 buildings aggregating approximately 12 million square feet and five land parcels consisting of 22.8 acres. As of December 31, 2016, its properties were leased to 376 customers. The Company focuses on functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates.

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