Terreno Realty Co. (NYSE:TRNO) – Analysts at B. Riley decreased their Q2 2018 earnings per share estimates for Terreno Realty in a research report issued on Monday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.31. B. Riley currently has a “Hold” rating and a $36.00 target price on the stock. B. Riley also issued estimates for Terreno Realty’s Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.21 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.29 EPS.
A number of other equities research analysts have also recently commented on the company. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, November 22nd. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, January 11th. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Robert W. Baird reissued a “hold” rating and issued a $35.00 price objective on shares of Terreno Realty in a research note on Tuesday, January 9th. Finally, DA Davidson reissued a “buy” rating on shares of Terreno Realty in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $38.09.
Shares of Terreno Realty (TRNO) opened at $33.69 on Tuesday. Terreno Realty has a one year low of $26.48 and a one year high of $38.54. The company has a market capitalization of $1,819.95, a P/E ratio of 29.83, a P/E/G ratio of 2.69 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.68.
Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its position in shares of Terreno Realty by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 398 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Terreno Realty by 67.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 1,680 shares during the last quarter. Cavalier Investments LLC purchased a new position in shares of Terreno Realty during the third quarter valued at approximately $206,000. Amalgamated Bank purchased a new position in shares of Terreno Realty during the second quarter valued at approximately $210,000. Finally, Sei Investments Co. boosted its position in shares of Terreno Realty by 33,325.0% during the third quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 6,665 shares during the last quarter. 99.13% of the stock is currently owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 28th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.61%. Terreno Realty’s payout ratio is 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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