$0.29 Earnings Per Share Expected for Terreno Realty Corporation (TRNO) This Quarter
Equities research analysts expect Terreno Realty Corporation (NYSE:TRNO) to announce earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Terreno Realty Corporation’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.31. Terreno Realty Corporation posted earnings of $0.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1,350%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 14th.
On average, analysts expect that Terreno Realty Corporation will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.14. For the next year, analysts anticipate that the company will report earnings of $1.23 per share, with EPS estimates ranging from $1.18 to $1.27. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Terreno Realty Corporation.
TRNO has been the topic of a number of recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $39.00 price target (up previously from $35.00) on shares of Terreno Realty Corporation in a report on Wednesday, September 27th. FBR & Co reaffirmed a “neutral” rating and set a $39.00 price target on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $34.00 price target on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. National Securities lifted their price target on Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, August 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $41.00 price target (up previously from $37.00) on shares of Terreno Realty Corporation in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.25.
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Terreno Realty Corporation (NYSE TRNO) traded down $0.19 on Friday, hitting $37.19. The stock had a trading volume of 376,148 shares, compared to its average volume of 263,289. The company has a market capitalization of $2,028.79, a PE ratio of 36.11, a PEG ratio of 3.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. Terreno Realty Corporation has a 52 week low of $25.96 and a 52 week high of $38.06.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.37%. Terreno Realty Corporation’s dividend payout ratio is currently 114.29%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Eii Capital Management Inc. bought a new position in shares of Terreno Realty Corporation in the third quarter valued at $820,000. California Public Employees Retirement System increased its holdings in shares of Terreno Realty Corporation by 16.1% in the third quarter. California Public Employees Retirement System now owns 99,716 shares of the real estate investment trust’s stock valued at $3,608,000 after buying an additional 13,816 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Terreno Realty Corporation in the third quarter valued at $1,552,000. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Terreno Realty Corporation by 142.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 900,290 shares of the real estate investment trust’s stock valued at $32,573,000 after buying an additional 529,465 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. increased its holdings in shares of Terreno Realty Corporation by 2.1% in the third 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 in the last quarter. 95.06% of the stock is currently owned by institutional investors.
About Terreno Realty Corporation
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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