Brokerages predict that Terreno Realty Co. (NYSE:TRNO) will report sales of $42.62 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Terreno Realty’s earnings, with estimates ranging from $42.04 million to $43.30 million. Terreno Realty reported sales of $37.90 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Terreno Realty will report full year sales of $168.70 million for the current year, with estimates ranging from $167.01 million to $171.30 million. For the next year, analysts forecast that the firm will post sales of $182.58 million, with estimates ranging from $170.57 million to $196.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Terreno Realty.
Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.18). The business had revenue of $41.73 million for the quarter, compared to the consensus estimate of $41.53 million. Terreno Realty had a net margin of 36.83% and a return on equity of 4.55%.
A number of brokerages recently commented on TRNO. Zacks Investment Research downgraded Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday. KeyCorp upped their target price on Terreno Realty from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Finally, ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.25.
Hedge funds have recently modified their holdings of the stock. Eii Capital Management Inc. grew its stake in shares of Terreno Realty by 3.0% in the second quarter. Eii Capital Management Inc. now owns 8,030 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 233 shares during the last quarter. Assetmark Inc. grew its stake in shares of Terreno Realty by 8.9% in the second quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 330 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Terreno Realty by 4.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,227 shares of the real estate investment trust’s stock worth $829,000 after acquiring an additional 762 shares during the last quarter. Marshall Wace North America L.P. grew its stake in shares of Terreno Realty by 50.1% in the first quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 774 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Terreno Realty in the second quarter worth $49,000.
Shares of Terreno Realty stock traded up $0.24 during midday trading on Wednesday, reaching $53.67. 263,400 shares of the company’s stock traded hands, compared to its average volume of 305,469. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.96 and a quick ratio of 4.96. The stock has a 50 day moving average of $51.33 and a 200-day moving average of $48.10. Terreno Realty has a 12 month low of $33.52 and a 12 month high of $54.01.
The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.01%. This is a boost from Terreno Realty’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, October 3rd.
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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