Terreno Realty Corporation (TRNO) to Release Quarterly Earnings on Tuesday
Terreno Realty Corporation (NYSE:TRNO) will announce its earnings results before the market opens on Tuesday, October 31st.
Terreno Realty Corporation (NYSE:TRNO) last issued its 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). The business had revenue of $32.78 million for the quarter, compared to the consensus estimate of $31.72 million. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. On average, analysts expect Terreno Realty Corporation to post $1.13 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.
Shares of Terreno Realty Corporation (TRNO) opened at 36.35 on Tuesday. The company has a market cap of $1.89 billion, a PE ratio of 76.69 and a beta of 0.81. The firm’s 50 day moving average is $36.65 and its 200 day moving average is $33.92. Terreno Realty Corporation has a 12 month low of $24.81 and a 12 month high of $37.40.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from Terreno Realty Corporation’s previous quarterly dividend of $0.20. Terreno Realty Corporation’s payout ratio is 191.30%.
A number of equities analysts have recently commented on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $37.00 price target (up previously from $34.50) on shares of Terreno Realty Corporation in a report on Wednesday, August 9th. BidaskClub lowered shares of Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday. BTIG Research reiterated a “buy” rating and set a $39.00 price target (up previously from $35.00) on shares of Terreno Realty Corporation in a report on Wednesday, September 27th. FBR & Co reiterated a “neutral” rating and set a $39.00 price target on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $34.00 price target on shares of Terreno Realty Corporation in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $35.29.
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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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