Terreno Realty Co. Expected to Post Q1 2018 Earnings of $0.29 Per Share (TRNO)

Terreno Realty Co. (NYSE:TRNO) – KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Terreno Realty in a report issued on Thursday. KeyCorp analyst C. Mailman expects that the real estate investment trust will post earnings per share of $0.29 for the quarter. KeyCorp has a “Buy” rating and a $39.00 price target on the stock. KeyCorp also issued estimates for Terreno Realty’s Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.30 EPS.

TRNO has been the topic of several other reports. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, January 25th. Robert W. Baird restated a “hold” rating and issued a $35.00 price target on shares of Terreno Realty in a research report on Tuesday, January 9th. National Securities upgraded shares of Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, November 22nd. BidaskClub downgraded shares of Terreno Realty from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Finally, Sandler O’Neill set a $40.00 price target on shares of Terreno Realty and gave the stock a “buy” rating in a research report on Friday, January 12th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $38.30.

Shares of Terreno Realty (TRNO) opened at $32.86 on Monday. The company has a current ratio of 1.68, a quick ratio of 4.87 and a debt-to-equity ratio of 0.46. Terreno Realty has a 1 year low of $26.48 and a 1 year high of $38.54. The company has a market cap of $1,822.71, a P/E ratio of 34.59, a P/E/G ratio of 2.64 and a beta of 0.73.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Wednesday, March 28th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.68%. Terreno Realty’s dividend payout ratio (DPR) is currently 92.63%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its position in shares of 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. Bronfman E.L. Rothschild L.P. lifted its position in shares of Terreno Realty by 67.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,180 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,680 shares during the period. Cavalier Investments LLC acquired a new position in shares of Terreno Realty during the 3rd quarter valued at $206,000. Amalgamated Bank acquired a new position in shares of Terreno Realty during the 2nd quarter valued at $210,000. Finally, Sei Investments Co. lifted its position in shares of Terreno Realty by 33,325.0% during the 3rd quarter. Sei Investments Co. now owns 6,685 shares of the real estate investment trust’s stock valued at $242,000 after acquiring an additional 6,665 shares during the period. Hedge funds and other institutional investors own 99.14% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Terreno Realty Co. Expected to Post Q1 2018 Earnings of $0.29 Per Share (TRNO)” was first published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/12/terreno-realty-co-expected-to-post-q1-2018-earnings-of-0-29-per-share-trno.html.

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.

Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply