Terreno Realty Corporation (TRNO) Earning Somewhat Favorable Press Coverage, Study Finds
Media headlines about Terreno Realty Corporation (NYSE:TRNO) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Terreno Realty Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.4071655039414 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Terreno Realty Corporation (TRNO) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Terreno Realty Corporation’s (NYSE:TRNO) “Buy” Rating Reaffirmed at Stifel Nicolaus (americanbankingnews.com)
- Terreno Realty Corporation : Acquires Building in Miami, FL for $2.5 Million (4-traders.com)
- Terreno Realty Corp (TRNO) PT Raised to $37 at Stifel; ‘Hitting on All Cylinders’ (streetinsider.com)
- Terreno Realty Corporation Acquires Building in Miami, FL for $2.5 Million (finance.yahoo.com)
Terreno Realty Corporation (NYSE:TRNO) traded down 0.17% on Friday, hitting $34.56. 502,909 shares of the company traded hands. The firm has a market capitalization of $1.80 billion, a PE ratio of 72.91 and a beta of 0.83. Terreno Realty Corporation has a 1-year low of $24.81 and a 1-year high of $35.59. The firm’s 50 day moving average price is $33.87 and its 200 day moving average price is $30.67.
Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $32.78 million for the quarter, compared to analysts’ expectations of $31.72 million. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. Equities research analysts predict that Terreno Realty Corporation will post $0.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.55%. This is a boost from Terreno Realty Corporation’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, October 5th.
Several research firms have commented on TRNO. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price objective (up from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday. BidaskClub downgraded shares of Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Terreno Realty Corporation from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. Jefferies Group LLC reissued a “hold” rating and issued a $29.00 price target on shares of Terreno Realty Corporation in a report on Monday, April 17th. Finally, Wunderlich increased their price target on shares of Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, May 8th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $32.13.
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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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