Terreno Realty Co. (NYSE:TRNO) – Equities researchers at KeyCorp lifted their FY2018 earnings estimates for Terreno Realty in a research note issued to investors on Friday, November 2nd. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings of $1.31 per share for the year, up from their prior estimate of $1.28. KeyCorp has a “Buy” rating and a $40.00 price target on the stock. KeyCorp also issued estimates for Terreno Realty’s Q4 2018 earnings at $0.34 EPS.
TRNO has been the topic of several other research reports. Mizuho initiated coverage on shares of Terreno Realty in a research note on Wednesday, October 3rd. They set a “neutral” rating on the stock. ValuEngine lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Zacks Investment Research upgraded shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, JMP Securities restated a “hold” rating on shares of Terreno Realty in a research note on Tuesday, October 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Terreno Realty has an average rating of “Buy” and an average target price of $39.50.
Shares of TRNO opened at $38.48 on Monday. Terreno Realty has a 12 month low of $31.56 and a 12 month high of $39.26. The firm has a market cap of $2.19 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.90 and a beta of 0.69. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.42.
Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Terreno Realty had a net margin of 34.83% and a return on equity of 4.68%. The company had revenue of $37.90 million for the quarter, compared to analyst estimates of $37.68 million.
A number of large investors have recently bought and sold shares of TRNO. NumerixS Investment Technologies Inc grew its stake in Terreno Realty by 133.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,000 shares during the last quarter. Eii Capital Management Inc. acquired a new position in Terreno Realty in the 2nd quarter valued at $188,000. Paloma Partners Management Co acquired a new position in Terreno Realty in the 2nd quarter valued at $227,000. Orinda Asset Management LLC acquired a new position in Terreno Realty in the 2nd quarter valued at $245,000. Finally, First Quadrant L P CA acquired a new position in Terreno Realty in the 3rd quarter valued at $247,000. Institutional investors and hedge funds own 97.51% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Tuesday, December 18th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.96 dividend on an annualized basis and a yield of 2.49%. Terreno Realty’s payout ratio is presently 88.07%.
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
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