Terreno Realty Co. (TRNO) Expected to Post Quarterly Sales of $36.15 Million
Wall Street analysts forecast that Terreno Realty Co. (NYSE:TRNO) will report $36.15 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Terreno Realty’s earnings, with the highest sales estimate coming in at $37.10 million and the lowest estimate coming in at $34.93 million. Terreno Realty posted sales of $31.44 million during the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is expected to report its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Terreno Realty will report full-year sales of $36.15 million for the current year, with estimates ranging from $141.56 million to $154.10 million. For the next financial year, analysts expect that the firm will report sales of $168.17 million per share, with estimates ranging from $146.58 million to $178.49 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Terreno Realty.
TRNO has been the subject of several recent research reports. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, January 25th. Sandler O’Neill set a $40.00 price target on Terreno Realty and gave the stock a “buy” rating in a research report on Friday, January 12th. Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of Terreno Realty in a research report on Tuesday, January 9th. National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, November 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $41.00 price target (up previously from $37.00) on shares of Terreno Realty in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.73.
Terreno Realty (NYSE TRNO) opened at $33.66 on Friday. The company has a market capitalization of $1,879.30, a PE ratio of 35.43, a P/E/G ratio of 2.81 and a beta of 0.77. Terreno Realty has a 12-month low of $26.48 and a 12-month high of $38.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 1.68.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 28th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.61%. Terreno Realty’s dividend payout ratio (DPR) is presently 92.63%.
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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