Research Analysts Offer Predictions for Terreno Realty Co.’s Q4 2017 Earnings (TRNO)

Terreno Realty Co. (NYSE:TRNO) – Research analysts at Jefferies Group boosted their Q4 2017 earnings per share (EPS) estimates for Terreno Realty in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.30 per share for the quarter, up from their prior forecast of $0.29. Jefferies Group currently has a “Hold” rating and a $34.00 price objective on the stock.

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

TRNO has been the subject of a number of other reports. National Securities upgraded Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, November 22nd. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, January 11th. BidaskClub downgraded Terreno Realty from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of Terreno Realty in a report on Tuesday, January 9th. Finally, Sandler O’Neill set a $40.00 price objective on Terreno Realty and gave the stock a “buy” rating in a report on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Terreno Realty presently has an average rating of “Buy” and a consensus price target of $38.40.

Terreno Realty (TRNO) traded down $0.50 during mid-day trading on Friday, hitting $34.39. The stock had a trading volume of 359,800 shares, compared to its average volume of 279,092. The firm has a market cap of $1,903.31, a P/E ratio of 44.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.47. Terreno Realty has a 1-year low of $26.30 and a 1-year high of $38.54.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.56%. Terreno Realty’s dividend payout ratio (DPR) is 114.29%.

A number of institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its position 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 worth $460,000 after purchasing an additional 50 shares during the period. Ameritas Investment Partners Inc. boosted its position 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 worth $145,000 after purchasing an additional 398 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 valued at $114,000 after buying an additional 500 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Terreno Realty by 1.1% in 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 buying an additional 790 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Terreno Realty by 3.7% in the 2nd quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 991 shares during the last quarter. 98.74% of the stock is owned by hedge funds and other 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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