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%.
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.
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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