Terreno Realty Co. (NYSE:TRNO) – Research analysts at Jefferies Financial Group cut their Q2 2019 earnings per share (EPS) estimates for shares of Terreno Realty in a report released on Monday, July 15th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will earn $0.34 per share for the quarter, down from their previous estimate of $0.35. Jefferies Financial Group also issued estimates for Terreno Realty’s Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.36 EPS, FY2019 earnings at $1.39 EPS, Q1 2020 earnings at $0.36 EPS, Q2 2020 earnings at $0.36 EPS, Q3 2020 earnings at $0.37 EPS and FY2020 earnings at $1.47 EPS.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.10). Terreno Realty had a return on equity of 5.62% and a net margin of 44.18%. The firm had revenue of $40.88 million during the quarter, compared to the consensus estimate of $40.02 million.

A number of other analysts have also weighed in on TRNO. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Saturday, July 13th. KeyCorp upped their target price on Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Mitsubishi UFJ Financial Group upped their target price on Terreno Realty to $45.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Goldman Sachs Group initiated coverage on Liberty Property Trust in a report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.25.

Shares of NYSE:TRNO opened at $49.63 on Wednesday. Terreno Realty has a 52-week low of $33.52 and a 52-week high of $50.79. The business has a 50 day moving average price of $48.13. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.93%.

A number of institutional investors have recently bought and sold shares of TRNO. Quadrant Capital Group LLC lifted its holdings in shares of Terreno Realty by 11,547.4% during the 1st quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 2,194 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Terreno Realty by 50.1% during the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 774 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Terreno Realty by 812.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 3,005 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Terreno Realty during the 1st quarter valued at $182,000. Finally, Exane Derivatives lifted its holdings in shares of Terreno Realty by 23,810.5% during the 2nd quarter. Exane Derivatives now owns 4,543 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 4,524 shares during the last quarter. Institutional investors own 99.75% 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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