Zacks: Analysts Expect Terreno Realty Co. (NYSE:TRNO) to Post $0.37 EPS


Share on StockTwits

Equities analysts expect that Terreno Realty Co. (NYSE:TRNO) will report earnings per share of $0.37 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Terreno Realty’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.38. Terreno Realty posted earnings of $0.35 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The business is expected to announce its next quarterly earnings results on Thursday, February 4th.

According to Zacks, analysts expect that Terreno Realty will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.44 to $1.48. For the next year, analysts forecast that the business will post earnings of $1.60 per share, with EPS estimates ranging from $1.57 to $1.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Terreno Realty.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $47.15 million for the quarter, compared to analysts’ expectations of $46.12 million. Terreno Realty had a net margin of 40.76% and a return on equity of 4.75%.

Several analysts recently commented on the company. BTIG Research lifted their price objective on Terreno Realty from $62.00 to $67.00 in a report on Monday, November 30th. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Friday, January 8th. Berenberg Bank assumed coverage on shares of Terreno Realty in a research report on Wednesday, October 28th. They set a “buy” rating and a $70.00 target price for the company. Jefferies Financial Group raised shares of Terreno Realty from a “hold” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $68.00 in a research note on Wednesday. Finally, Robert W. Baird raised shares of Terreno Realty from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $57.00 to $60.00 in a report on Tuesday, September 22nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Terreno Realty currently has a consensus rating of “Buy” and a consensus price target of $65.00.

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in Terreno Realty by 23.4% during the 3rd quarter. Van ECK Associates Corp now owns 2,011 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 382 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Terreno Realty by 137.2% during the second quarter. PNC Financial Services Group Inc. now owns 3,309 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,914 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Terreno Realty during the third quarter valued at approximately $212,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Terreno Realty by 11.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,439 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 443 shares during the period. Finally, AlphaCrest Capital Management LLC bought a new stake in shares of Terreno Realty during the 3rd quarter worth approximately $259,000.

NYSE:TRNO traded up $0.67 during trading hours on Wednesday, reaching $55.44. The company had a trading volume of 441,522 shares, compared to its average volume of 385,690. The firm’s 50 day moving average price is $57.14 and its 200-day moving average price is $57.52. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 51.33 and a beta of 0.66. The company has a current ratio of 6.36, a quick ratio of 6.36 and a debt-to-equity ratio of 0.30. Terreno Realty has a 52 week low of $42.12 and a 52 week high of $64.24.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Monday, December 14th. Terreno Realty’s payout ratio is 84.06%.

Terreno Realty Company Profile

Terreno Realty Corporation and together with its subsidiaries, the ÂCompanyÂ) 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 All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited.

See Also: Net Income

Get a free copy of the Zacks research report on Terreno Realty (TRNO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.