Terreno Realty Co. (NYSE:TRNO) – Equities research analysts at DA Davidson cut their Q1 2018 earnings per share estimates for shares of Terreno Realty in a research report issued to clients and investors on Friday. DA Davidson analyst B. Oxford now anticipates that the real estate investment trust will post earnings of $0.29 per share for the quarter, down from their previous forecast of $0.30. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Terreno Realty’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.20 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.32 EPS.
A number of other analysts have also recently weighed in on TRNO. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and issued a $39.00 price target on shares of Terreno Realty in a research report on Sunday, November 5th. B. Riley reaffirmed a “neutral” rating on shares of Terreno Realty in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $41.00 price target (up previously from $37.00) on shares of Terreno Realty in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Terreno Realty has an average rating of “Buy” and an average target price of $38.09.
Shares of Terreno Realty (TRNO) opened at $32.81 on Monday. The stock has a market capitalization of $1,822.72, a price-to-earnings ratio of 34.54, a P/E/G ratio of 2.67 and a beta of 0.73. Terreno Realty has a 12-month low of $26.48 and a 12-month high of $38.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46.
Several institutional investors have recently bought and sold shares of TRNO. Ameritas Investment Partners Inc. increased its stake in shares of Terreno Realty by 10.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 398 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Terreno Realty by 67.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,680 shares during the period. Cavalier Investments LLC bought a new position in shares of Terreno Realty in the third quarter worth about $206,000. Amalgamated Bank bought a new position in shares of Terreno Realty in the second quarter worth about $210,000. Finally, Sei Investments Co. increased its stake in shares of Terreno Realty by 33,325.0% in the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 6,665 shares during the period. Institutional investors and hedge funds own 99.13% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 28th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.68%. Terreno Realty’s payout ratio is presently 92.63%.
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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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