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3 Real Estate Stocks Nudging The Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 40 points (0.2%) at 16,487 as of Friday, May 16, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 1,578 issues advancing vs. 1,383 declining with 164 unchanged.

The Real Estate industry as a whole closed the day up 0.5% versus the S&P 500, which was up 0.3%. Top gainers within the Real Estate industry included HMG/Courtland Properties ( HMG), up 2.5%, Supertel Hospitality ( SPPR), up 8.3%, Institutional Financial Markets ( IFMI), up 3.9%, China Housing & Land Development ( CHLN), up 2.8% and Terreno Realty ( TRNO), up 2.3%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Terreno Realty ( TRNO) is one of the companies that pushed the Real Estate industry higher today. Terreno Realty was up $0.42 (2.3%) to $18.68 on average volume. Throughout the day, 45,301 shares of Terreno Realty exchanged hands as compared to its average daily volume of 58,300 shares. The stock ranged in a price between $18.25-$18.70 after having opened the day at $18.25 as compared to the previous trading day's close of $18.26.

Terreno Realty Corporation engages in acquiring, owning, and operating real estate properties in Los Angeles area, northern New Jersey/New York City, San Francisco Bay area, Seattle area, Miami area, and Washington D.C./Baltimore area. Terreno Realty has a market cap of $470.6 million and is part of the financial sector. Shares are up 3.2% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate Terreno Realty a buy, no analysts rate it a sell, and none rate it a hold.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings rates Terreno Realty as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from TheStreet Ratings analysis on TRNO go as follows:

  • TRNO's very impressive revenue growth greatly exceeded the industry average of 9.8%. Since the same quarter one year prior, revenues leaped by 61.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • TERRENO REALTY CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TERRENO REALTY CORP continued to lose money by earning -$0.06 versus -$0.28 in the prior year. This year, the market expects an improvement in earnings ($0.21 versus -$0.06).
  • Net operating cash flow has increased to $3.78 million or 43.28% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 8.68%.
  • The net income growth from the same quarter one year ago has exceeded that of the Real Estate Investment Trusts (REITs) industry average, but is less than that of the S&P 500. The net income increased by 4.2% when compared to the same quarter one year prior, going from $3.55 million to $3.70 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, TERRENO REALTY CORP's return on equity significantly trails that of both the industry average and the S&P 500.

You can view the full analysis from the report here: Terreno Realty Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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