$36.03 Million in Sales Expected for Terreno Realty Co. (TRNO) This Quarter

Wall Street analysts expect Terreno Realty Co. (NYSE:TRNO) to post $36.03 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Terreno Realty’s earnings, with the highest sales estimate coming in at $37.10 million and the lowest estimate coming in at $34.35 million. Terreno Realty reported sales of $31.44 million in the same quarter last year, which indicates a positive year over year growth rate of 14.6%. The firm is scheduled to announce its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Terreno Realty will report full year sales of $36.03 million for the current year, with estimates ranging from $139.21 million to $154.10 million. For the next year, analysts expect that the business will report sales of $167.69 million per share, with estimates ranging from $144.15 million to $178.49 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Terreno Realty.

Several equities research analysts have issued reports on the company. B. Riley set a $36.00 price objective on Terreno Realty and gave the stock a “hold” rating in a report on Monday. DA Davidson restated a “buy” rating on shares of Terreno Realty in a report on Friday, February 9th. Robert W. Baird set a $34.00 price objective on Terreno Realty and gave the stock a “hold” rating in a report on Thursday, February 8th. Sandler O’Neill set a $38.00 price objective on Terreno Realty and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $38.09.

Shares of Terreno Realty (NYSE:TRNO) opened at $33.67 on Thursday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. Terreno Realty has a twelve month low of $26.48 and a twelve month high of $38.54. The stock has a market capitalization of $1,819.95, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73.

The company also recently announced 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 is Tuesday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.61%. Terreno Realty’s payout ratio is 92.63%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Stifel Financial Corp grew its position 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 worth $460,000 after acquiring an additional 50 shares in the last quarter. Ameritas Investment Partners Inc. grew 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 acquiring an additional 398 shares in the last quarter. Parametric Portfolio Associates LLC grew its position 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 worth $2,533,000 after acquiring an additional 790 shares in the last quarter. Nationwide Fund Advisors grew its position 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 worth $940,000 after acquiring an additional 991 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position 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 worth $1,101,000 after acquiring an additional 1,480 shares in the last quarter. Institutional investors own 99.13% of the company’s stock.

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About Terreno Realty

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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