Brokerages forecast that Terreno Realty Co. (NYSE:TRNO) will report sales of $38.43 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Terreno Realty’s earnings, with the highest sales estimate coming in at $39.73 million and the lowest estimate coming in at $37.34 million. Terreno Realty reported sales of $34.63 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11%. The business is scheduled to report its next earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Terreno Realty will report full year sales of $150.47 million for the current financial year, with estimates ranging from $148.50 million to $151.98 million. For the next year, analysts expect that the business will report sales of $160.54 million, with estimates ranging from $149.69 million to $171.87 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Terreno Realty.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $37.68 million. Terreno Realty had a return on equity of 4.68% and a net margin of 34.83%.

Several analysts have recently weighed in on TRNO shares. JMP Securities reissued a “hold” rating on shares of Terreno Realty in a report on Tuesday, October 16th. Mizuho started coverage on Terreno Realty in a report on Wednesday, October 3rd. They issued a “neutral” rating for the company. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Saturday. Finally, ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Terreno Realty currently has an average rating of “Buy” and an average target price of $39.75.

Shares of NYSE:TRNO traded down $0.48 on Friday, hitting $38.79. 536,414 shares of the company’s stock were exchanged, compared to its average volume of 361,823. Terreno Realty has a 1-year low of $31.56 and a 1-year high of $39.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market cap of $2.31 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.99 and a beta of 0.71.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Tuesday, December 18th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Monday, December 17th. Terreno Realty’s payout ratio is currently 88.07%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRNO. Bank of Montreal Can acquired a new position in Terreno Realty in the second quarter worth about $1,795,000. Aperio Group LLC grew its stake in shares of Terreno Realty by 17.4% during the 2nd quarter. Aperio Group LLC now owns 14,484 shares of the real estate investment trust’s stock valued at $546,000 after purchasing an additional 2,146 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Terreno Realty during the 2nd quarter valued at about $1,519,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Terreno Realty by 12.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,292 shares of the real estate investment trust’s stock valued at $2,158,000 after purchasing an additional 6,470 shares during the period. Finally, Suffolk Capital Management LLC grew its stake in shares of Terreno Realty by 6.4% during the 2nd quarter. Suffolk Capital Management LLC now owns 23,725 shares of the real estate investment trust’s stock valued at $894,000 after purchasing an additional 1,420 shares during the period. Institutional investors and hedge funds own 99.92% of the company’s stock.

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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Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

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