Terreno Realty Corp. Reaches New 1-Year High at $20.35 (TRNO)
Shares of Terreno Realty Corp. (NASDAQ:TRNO) hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $20.35 and last traded at $20.25, with a volume of 19,097 shares trading hands. The stock had previously closed at $20.24.
A number of analysts have recently weighed in on TRNO shares. Analysts at Zacks downgraded shares of Terreno Realty Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 20th. They now have a $19.10 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Terreno Realty Corp. in a research note on Thursday, June 26th. They set a “neutral” rating and a $19.50 price target on the stock.
The stock’s 50-day moving average is $19.31 and its 200-day moving average is $18.84. The company has a market cap of $668.3 million and a price-to-earnings ratio of 87.24.
Terreno Realty Corp. (NASDAQ:TRNO) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. On average, analysts predict that Terreno Realty Corp. will post $0.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, October 3rd.
Terreno Realty Corporation (NASDAQ:TRNO) focuses on acquiring on acquiring, owning and operating industrial real estate located in six coastal United States markets: Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.
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