Zacks: Brokerages Expect Terreno Realty (TRNO) Will Post Quarterly Sales of $35.95 Million

Equities analysts predict that Terreno Realty (NYSE:TRNO) will announce $35.95 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Terreno Realty’s earnings. The lowest sales estimate is $34.93 million and the highest is $37.10 million. Terreno Realty posted sales of $31.44 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The firm is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Terreno Realty will report full year sales of $35.95 million for the current year, with estimates ranging from $141.56 million to $154.10 million. For the next financial year, analysts anticipate that the company will post sales of $168.87 million per share, with estimates ranging from $146.58 million to $178.49 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Terreno Realty.

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Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.09). The firm had revenue of $34.63 million for the quarter, compared to analyst estimates of $34.86 million. Terreno Realty had a net margin of 38.61% and a return on equity of 5.45%.

A number of brokerages have weighed in on TRNO. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price target on shares of Terreno Realty in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, January 11th. Sandler O’Neill set a $40.00 price target on shares of Terreno Realty and gave the company a “buy” rating in a research note on Friday, January 12th. DA Davidson reaffirmed a “buy” rating on shares of Terreno Realty in a research note on Friday, February 9th. Finally, B. Riley set a $36.00 price target on shares of Terreno Realty and gave the company a “hold” rating in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.73.

NYSE TRNO traded down $0.51 during trading on Friday, reaching $33.37. 547,861 shares of the stock traded hands, compared to its average volume of 322,121. The stock has a market cap of $1,869.87, a P/E ratio of 30.90, a P/E/G ratio of 2.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.68. Terreno Realty has a fifty-two week low of $29.30 and a fifty-two week high of $38.54.

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 given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, March 27th. Terreno Realty’s dividend payout ratio is presently 80.73%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Terreno Realty by 5.2% in the fourth quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock worth $223,293,000 after purchasing an additional 312,221 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Terreno Realty by 3.2% in the fourth quarter. Schroder Investment Management Group now owns 1,557,469 shares of the real estate investment trust’s stock worth $54,604,000 after purchasing an additional 48,650 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in shares of Terreno Realty by 7.4% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 966,501 shares of the real estate investment trust’s stock worth $33,886,000 after purchasing an additional 66,211 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Terreno Realty by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 769,323 shares of the real estate investment trust’s stock worth $26,972,000 after purchasing an additional 5,637 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Terreno Realty by 13.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 752,513 shares of the real estate investment trust’s stock worth $26,383,000 after purchasing an additional 91,025 shares in the last quarter. 99.45% of the stock is currently owned by institutional investors and hedge funds.

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Terreno Realty Company Profile

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

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

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