Equities research analysts expect Terreno Realty Corporation (NYSE:TRNO) to report $0.29 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Terreno Realty’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.30. Terreno Realty posted earnings of $0.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,350%. The firm is scheduled to report its next earnings report on Wednesday, February 14th.
On average, analysts expect that Terreno Realty will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.12. For the next year, analysts expect that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.18 to $1.27. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Terreno Realty.
Several analysts have weighed in on TRNO shares. Zacks Investment Research downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price objective (up from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating on shares of Terreno Realty in a research note on Wednesday, September 6th. B. Riley reaffirmed a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Finally, National Securities upped their price objective on shares of Terreno Realty from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.50.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Terreno Realty by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,681,296 shares of the real estate investment trust’s stock worth $191,233,000 after purchasing an additional 180,987 shares during the period. BlackRock Inc. lifted its holdings in Terreno Realty by 32.9% during the 2nd quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock valued at $186,359,000 after buying an additional 1,370,672 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Terreno Realty by 2.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,508,819 shares of the real estate investment trust’s stock valued at $54,484,000 after buying an additional 38,724 shares in the last quarter. Uniplan Investment Counsel Inc. lifted its holdings in Terreno Realty by 2.1% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,291,133 shares of the real estate investment trust’s stock valued at $46,713,000 after buying an additional 27,081 shares in the last quarter. Finally, State Street Corp lifted its holdings in Terreno Realty by 9.4% during the 2nd quarter. State Street Corp now owns 1,103,584 shares of the real estate investment trust’s stock valued at $37,145,000 after buying an additional 94,751 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.
Terreno Realty (NYSE TRNO) opened at $36.36 on Thursday. Terreno Realty has a 1 year low of $26.30 and a 1 year high of $38.54. The stock has a market cap of $1,960.04, a price-to-earnings ratio of 34.88, a P/E/G ratio of 3.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. Terreno Realty’s payout ratio is currently 114.29%.
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Terreno Realty Company Profile
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 (DC)/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.
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