Brokerages expect Terreno Realty Corporation (NYSE:TRNO) to announce $33.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Terreno Realty Corporation’s earnings, with estimates ranging from $32.99 million to $35.87 million. Terreno Realty Corporation reported sales of $27.10 million in the same quarter last year, which indicates a positive year over year growth rate of 24.5%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Terreno Realty Corporation will report full-year sales of $33.75 million for the current fiscal year, with estimates ranging from $130.51 million to $137.62 million. For the next financial year, analysts anticipate that the firm will post sales of $151.31 million per share, with estimates ranging from $137.37 million to $166.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Terreno Realty Corporation.

Terreno Realty Corporation (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by $0.01. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. The business had revenue of $32.78 million during the quarter, compared to the consensus estimate of $31.72 million.

Several research firms have weighed in on TRNO. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price target (up previously from $34.50) on shares of Terreno Realty Corporation in a research report on Wednesday, August 9th. BidaskClub raised Terreno Realty Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Jefferies Group LLC reaffirmed 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 raised Terreno Realty Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Finally, Wunderlich boosted 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. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.13.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Asset Management Inc. increased its position in shares of Terreno Realty Corporation by 7.9% in the first quarter. Eagle Asset Management Inc. now owns 135,739 shares of the real estate investment trust’s stock valued at $3,800,000 after buying an additional 9,895 shares in the last quarter. Pax World Management LLC increased its position in shares of Terreno Realty Corporation by 117.4% in the first quarter. Pax World Management LLC now owns 391,246 shares of the real estate investment trust’s stock valued at $10,955,000 after buying an additional 211,246 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Terreno Realty Corporation during the first quarter valued at approximately $265,000. UBS Asset Management Americas Inc. increased its position in shares of Terreno Realty Corporation by 24.7% in the first quarter. UBS Asset Management Americas Inc. now owns 78,304 shares of the real estate investment trust’s stock valued at $2,193,000 after buying an additional 15,522 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Terreno Realty Corporation by 1.7% in the first quarter. BNP Paribas Arbitrage SA now owns 16,853 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 282 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.

Shares of Terreno Realty Corporation (NYSE:TRNO) traded down 0.77% during midday trading on Friday, reaching $34.82. 427,790 shares of the company’s stock traded hands. Terreno Realty Corporation has a 52-week low of $24.81 and a 52-week high of $35.80. The firm has a market capitalization of $1.81 billion, a P/E ratio of 73.46 and a beta of 0.83. The stock’s 50 day moving average price is $34.09 and its 200 day moving average price is $30.88.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, October 5th.

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Terreno Realty Corporation Company Profile

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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