Terreno Realty (NYSE:TRNO) – Investment analysts at Jefferies Group upped their FY2018 earnings per share estimates for shares of Terreno Realty in a report issued on Wednesday, May 16th. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.31 for the year, up from their previous estimate of $1.19. Jefferies Group also issued estimates for Terreno Realty’s FY2019 earnings at $1.39 EPS.
Several other research analysts also recently commented on TRNO. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, January 25th. Sandler O’Neill set a $38.00 target price on Terreno Realty and gave the stock a “buy” rating in a research note on Thursday, February 8th. Robert W. Baird set a $34.00 target price on Terreno Realty and gave the stock a “hold” rating in a research note on Thursday, February 8th. DA Davidson restated a “buy” rating on shares of Terreno Realty in a research note on Friday, February 9th. Finally, B. Riley set a $36.00 target price on Terreno Realty and gave the stock a “hold” rating in a research note on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Terreno Realty currently has an average rating of “Buy” and a consensus target price of $38.82.
Shares of NYSE TRNO opened at $37.35 on Friday. Terreno Realty has a 52 week low of $31.56 and a 52 week high of $39.26. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.91 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, July 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. Terreno Realty’s payout ratio is currently 80.73%.
Several large investors have recently added to or reduced their stakes in TRNO. Assetmark Inc. raised its holdings in shares of Terreno Realty by 491.6% in the 1st quarter. Assetmark Inc. now owns 3,526 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 2,930 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Terreno Realty by 111.6% in the 4th quarter. Advisor Group Inc. now owns 5,424 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 2,861 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Terreno Realty in the 1st quarter valued at about $207,000. Guggenheim Capital LLC purchased a new stake in shares of Terreno Realty in the 4th quarter valued at about $229,000. Finally, USA Financial Portformulas Corp purchased a new stake in shares of Terreno Realty in the 4th quarter valued at about $280,000. 99.35% of the stock is currently owned by hedge funds and other institutional investors.
About Terreno Realty
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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