B. Riley Analysts Reduce Earnings Estimates for Terreno Realty Co. (TRNO)

Terreno Realty Co. (NYSE:TRNO) – B. Riley cut their Q2 2018 earnings per share (EPS) estimates for Terreno Realty in a research note issued to investors on Monday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.31. B. Riley has a “Hold” rating and a $36.00 price objective on the stock. B. Riley also issued estimates for Terreno Realty’s Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.21 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.29 EPS.

Other analysts have also recently issued research reports about the company. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report 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 for the company in a research report on Thursday, January 11th. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Robert W. Baird reissued a “hold” rating and issued a $35.00 price objective on shares of Terreno Realty in a research report on Tuesday, January 9th. Finally, DA Davidson reissued a “buy” rating on shares of Terreno Realty in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $38.09.

Terreno Realty (NYSE:TRNO) opened at $32.81 on Tuesday. Terreno Realty has a fifty-two week low of $26.48 and a fifty-two week high of $38.54. The stock has a market capitalization of $1,822.72, a price-to-earnings ratio of 29.87, a PEG ratio of 2.67 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 1.68.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp lifted its holdings in shares of Terreno Realty by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 13,598 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 50 shares during the period. Ameritas Investment Partners Inc. lifted its holdings 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 valued at $145,000 after buying an additional 398 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of 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 period. Nationwide Fund Advisors lifted its holdings in shares of 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 period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Terreno Realty by 4.9% in the 4th quarter. State of Alaska Department of Revenue now owns 31,430 shares of the real estate investment trust’s stock valued at $1,101,000 after buying an additional 1,480 shares during the period. 99.13% of the stock is 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.

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

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