Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Terreno Realty Corporation (NYSE:TRNO) Share Price

Media headlines about Terreno Realty Corporation (NYSE:TRNO) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Terreno Realty Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.660920992717 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

Terreno Realty Corporation (NYSE:TRNO) opened at 34.82 on Friday. The company’s 50 day moving average price is $34.13 and its 200 day moving average price is $30.94. The stock has a market cap of $1.81 billion, a PE ratio of 73.46 and a beta of 0.83. Terreno Realty Corporation has a 12 month low of $24.81 and a 12 month high of $35.80.

Terreno Realty Corporation (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The company had revenue of $32.78 million for the quarter, compared to the consensus estimate of $31.72 million. Terreno Realty Corporation had a net margin of 20.91% and a return on equity of 3.13%. Equities analysts forecast that Terreno Realty Corporation will post $0.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be paid a $0.22 dividend. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, October 5th.

Several research firms have weighed in on TRNO. Zacks Investment Research upgraded Terreno Realty Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. BidaskClub cut Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Wunderlich raised their price target on Terreno Realty Corporation from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 price objective (up from $34.50) on shares of Terreno Realty Corporation in a research note on Wednesday, August 9th. Finally, National Securities lowered Terreno Realty Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $29.00 to $33.00 in a research note on Thursday, May 11th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.13.

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About Terreno Realty Corporation

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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