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.
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.
TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Expect Terreno Realty (TRNO) Will Post Quarterly Sales of $35.95 Million” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/12/zacks-brokerages-expect-terreno-realty-trno-will-post-quarterly-sales-of-35-95-million.html.
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.
Get a free copy of the Zacks research report on Terreno Realty (TRNO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.