Q1 2018 Earnings Forecast for Terreno Realty Co. Issued By KeyCorp (TRNO)

Terreno Realty Co. (NYSE:TRNO) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Terreno Realty in a research note issued on Thursday. KeyCorp analyst C. Mailman forecasts that the real estate investment trust will post earnings of $0.29 per share for the quarter. KeyCorp has a “Buy” rating and a $39.00 price objective on the stock. KeyCorp also issued estimates for Terreno Realty’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.30 EPS.

A number of other research analysts also recently weighed in on TRNO. National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Stifel Nicolaus restated a “buy” rating and issued a $41.00 price target (up from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. B. Riley restated a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Finally, BidaskClub downgraded Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.09.

Shares of Terreno Realty (NYSE TRNO) opened at $33.69 on Monday. Terreno Realty has a 1 year low of $26.48 and a 1 year high of $38.54. The stock has a market capitalization of $1,840.00, a P/E ratio of 35.46, a P/E/G ratio of 2.67 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 1.68.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in Terreno Realty by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 13,598 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 50 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Terreno Realty by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 398 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Terreno Realty by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 75,243 shares of the real estate investment trust’s stock valued at $2,533,000 after acquiring an additional 790 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Terreno Realty by 3.7% in the 2nd quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 991 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Terreno Realty by 4.9% in the 4th quarter. State of Alaska Department of Revenue now owns 31,430 shares of the real estate investment trust’s stock valued at $1,101,000 after acquiring an additional 1,480 shares in the last quarter. Institutional investors and hedge funds own 99.13% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 28th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 annualized dividend and a yield of 2.61%. Terreno Realty’s dividend payout ratio (DPR) 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.

Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

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