Equities analysts forecast that Terreno Realty Corporation (NYSE:TRNO) will post sales of $34.86 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Terreno Realty’s earnings. The highest sales estimate is $35.72 million and the lowest is $34.05 million. Terreno Realty reported sales of $29.84 million during the same quarter last year, which indicates a positive year over year growth rate of 16.8%. The firm is expected to issue its next earnings report on Wednesday, February 14th.
On average, analysts expect that Terreno Realty will report full year sales of $34.86 million for the current year, with estimates ranging from $131.91 million to $133.58 million. For the next financial year, analysts expect that the firm will report sales of $151.72 million per share, with estimates ranging from $139.21 million to $159.49 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Terreno Realty.
TRNO has been the topic of several analyst reports. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, November 22nd. Zacks Investment Research lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Stifel Nicolaus reiterated a “buy” rating and set a $41.00 price target (up from $37.00) on shares of Terreno Realty in a report on Tuesday, November 7th. B. Riley restated a “neutral” rating on shares of Terreno Realty in a research note on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $39.00 target price on shares of Terreno Realty in a research note on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.88 annualized dividend and a yield of 2.39%. Terreno Realty’s dividend payout ratio is 114.29%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Terreno Realty by 17.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 500 shares during the period. GAM Holding AG raised its holdings in Terreno Realty by 7.6% in the 2nd quarter. GAM Holding AG now owns 4,226 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 300 shares during the period. Daiwa Securities Group Inc. raised its holdings in Terreno Realty by 16.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 600 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Terreno Realty by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 398 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Terreno Realty by 67.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,680 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
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Terreno Realty 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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