Terreno Realty Corporation (TRNO) to Release Earnings on Tuesday
Terreno Realty Corporation (NYSE:TRNO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, July 25th. Analysts expect Terreno Realty Corporation to post earnings of $0.14 per share for the quarter.
Terreno Realty Corporation (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.17. Terreno Realty Corporation had a return on equity of 1.64% and a net margin of 11.02%. The firm had revenue of $31.44 million during the quarter, compared to the consensus estimate of $30.76 million. On average, analysts expect Terreno Realty Corporation to post $0.43 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
Shares of Terreno Realty Corporation (NYSE:TRNO) opened at 33.29 on Tuesday. The company has a market cap of $1.64 billion, a P/E ratio of 154.84 and a beta of 0.82. Terreno Realty Corporation has a 12 month low of $24.81 and a 12 month high of $34.00. The firm has a 50 day moving average price of $32.75 and a 200-day moving average price of $29.49.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, July 5th.
Several equities analysts have recently commented on TRNO shares. National Securities reaffirmed a “buy” rating and issued a $29.00 target price (up previously from $28.00) on shares of Terreno Realty Corporation in a research report on Monday, March 20th. Jefferies Group LLC reissued a “hold” rating and set a $35.00 price target (up previously from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Zacks Investment Research downgraded Terreno Realty Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Stifel Nicolaus increased their price target on Terreno Realty Corporation from $29.00 to $34.50 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Wunderlich increased their price target on Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Terreno Realty Corporation has an average rating of “Hold” and an average target price of $31.06.
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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