Brokerages Anticipate Terreno Realty Co. (TRNO) to Post $0.30 EPS

Wall Street brokerages forecast that Terreno Realty Co. (NYSE:TRNO) will post earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Terreno Realty’s earnings, with estimates ranging from $0.29 to $0.31. Terreno Realty posted earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Terreno Realty will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.27. For the next year, analysts anticipate that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.21 to $1.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Terreno Realty.

Several research firms recently weighed in on TRNO. B. Riley set a $36.00 price target on shares of Terreno Realty and gave the company a “hold” rating in a research report on Monday. Robert W. Baird set a $34.00 price target on shares of Terreno Realty and gave the company a “hold” rating in a research report on Thursday, February 8th. DA Davidson reiterated a “buy” rating on shares of Terreno Realty in a research report on Friday. Sandler O’Neill set a $38.00 target price on shares of Terreno Realty and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.09.

A number of large investors have recently modified their holdings of TRNO. Nationwide Fund Advisors boosted its position in Terreno Realty by 3.7% during the second quarter. Nationwide Fund Advisors now owns 27,939 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 991 shares during the period. Amalgamated Bank purchased a new stake in shares of Terreno Realty in the second quarter worth about $210,000. New York State Common Retirement Fund lifted its holdings in shares of Terreno Realty by 78.6% in the second quarter. New York State Common Retirement Fund now owns 83,572 shares of the real estate investment trust’s stock worth $2,813,000 after buying an additional 36,771 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Terreno Realty by 14.1% in the second quarter. Northern Trust Corp now owns 868,281 shares of the real estate investment trust’s stock worth $29,227,000 after buying an additional 107,080 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Terreno Realty by 3.3% in the second quarter. Vanguard Group Inc. now owns 5,681,296 shares of the real estate investment trust’s stock worth $191,233,000 after buying an additional 180,987 shares in the last quarter. Hedge funds and other institutional investors own 99.13% of the company’s stock.

Terreno Realty (TRNO) traded up $0.11 on Tuesday, reaching $32.92. 84,918 shares of the company traded hands, compared to its average volume of 295,974. The company has a market capitalization of $1,822.72, a price-to-earnings ratio of 34.61, a P/E/G ratio of 2.67 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.68 and a current ratio of 1.68. Terreno Realty has a one year low of $26.48 and a one year high of $38.54.

The firm also recently announced 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 2.67%. Terreno Realty’s dividend payout ratio is presently 92.63%.

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

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