Terreno Realty Co. (NYSE:TRNO) – Investment analysts at Jefferies Group boosted their FY2018 EPS estimates for Terreno Realty in a report issued on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $1.27 per share for the year, up from their prior forecast of $1.20. Jefferies Group has a “Hold” rating and a $34.00 price objective on the stock. Jefferies Group also issued estimates for Terreno Realty’s FY2019 earnings at $1.45 EPS.

TRNO has been the topic of several other research reports. BidaskClub downgraded Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, November 22nd. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, January 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Terreno Realty in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $41.00 price objective (up previously from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $38.40.

Terreno Realty (TRNO) traded up $0.43 during midday trading on Wednesday, hitting $34.56. The stock had a trading volume of 380,700 shares, compared to its average volume of 270,090. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.87 and a quick ratio of 4.87. Terreno Realty has a 1 year low of $26.30 and a 1 year high of $38.54. The company has a market capitalization of $1,861.84, a P/E ratio of 44.88, a P/E/G ratio of 2.77 and a beta of 0.79.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Terreno Realty had a return on equity of 4.83% and a net margin of 33.00%.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.55%. The ex-dividend date was Thursday, December 28th. Terreno Realty’s dividend payout ratio (DPR) is presently 114.29%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp raised its stake in Terreno Realty by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 13,598 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 50 shares during the period. Ameritas Investment Partners Inc. raised its stake in Terreno Realty by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,301 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 398 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Terreno Realty by 17.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,374 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 500 shares during the period. Parametric Portfolio Associates LLC raised its stake in Terreno Realty by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 75,243 shares of the real estate investment trust’s stock valued at $2,533,000 after purchasing an additional 790 shares during the period. Finally, Nationwide Fund Advisors raised its stake in Terreno Realty by 3.7% during the 2nd quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock valued at $940,000 after purchasing an additional 991 shares during the period. 98.74% of the stock is currently owned by institutional investors.

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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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