Wall Street analysts expect Terreno Realty Corporation (NYSE:TRNO) to report earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Terreno Realty’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.30. Terreno Realty posted earnings per share of $0.02 in the same quarter last year, which would indicate a positive year over year growth rate of 1,350%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Terreno Realty will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.09 to $1.12. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.23 per share, with EPS estimates ranging from $1.18 to $1.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Terreno Realty.
A number of equities research analysts have recently commented on the company. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, November 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price target (up from $37.00) on shares of Terreno Realty in a report on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and set a $39.00 price target on shares of Terreno Realty in a report on Sunday, November 5th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $34.00 price target on shares of Terreno Realty in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Terreno Realty has a consensus rating of “Hold” and a consensus target price of $37.50.
Shares of Terreno Realty (NYSE:TRNO) traded up $0.39 during mid-day trading on Thursday, reaching $36.80. The company had a trading volume of 218,988 shares, compared to its average volume of 326,309. The stock has a market capitalization of $2,007.51, a PE ratio of 35.73, a price-to-earnings-growth ratio of 3.34 and a beta of 0.79. Terreno Realty has a 12 month low of $26.30 and a 12 month high of $38.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, December 28th. Terreno Realty’s dividend payout ratio (DPR) is presently 114.29%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Terreno Realty by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,681,296 shares of the real estate investment trust’s stock worth $191,233,000 after buying an additional 180,987 shares during the last quarter. BlackRock Inc. grew its stake in Terreno Realty by 32.9% during the 2nd quarter. BlackRock Inc. now owns 5,536,531 shares of the real estate investment trust’s stock valued at $186,359,000 after purchasing an additional 1,370,672 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Terreno Realty by 2.6% in the 3rd quarter. Schroder Investment Management Group now owns 1,508,819 shares of the real estate investment trust’s stock valued at $54,484,000 after buying an additional 38,724 shares during the period. Uniplan Investment Counsel Inc. lifted its holdings in shares of Terreno Realty by 2.1% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 1,291,133 shares of the real estate investment trust’s stock valued at $46,713,000 after buying an additional 27,081 shares during the period. Finally, State Street Corp lifted its holdings in shares of Terreno Realty by 9.4% in the 2nd quarter. State Street Corp now owns 1,103,584 shares of the real estate investment trust’s stock valued at $37,145,000 after buying an additional 94,751 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.
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About Terreno Realty
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
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