Terreno Realty Co. (TRNO) Expected to Announce Earnings of $0.34 Per Share

Wall Street analysts expect Terreno Realty Co. (NYSE:TRNO) to announce $0.34 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Terreno Realty’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.34. Terreno Realty reported earnings of $0.29 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.2%. The company is expected to issue its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Terreno Realty will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.32. For the next financial year, analysts forecast that the business will post earnings of $1.38 per share, with EPS estimates ranging from $1.35 to $1.42. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Terreno Realty.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $37.90 million for the quarter, compared to analyst estimates of $37.68 million. Terreno Realty had a return on equity of 4.68% and a net margin of 34.83%.

Several research firms recently issued reports on TRNO. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday. KeyCorp raised their price target on Terreno Realty from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. ValuEngine lowered Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. JMP Securities restated a “hold” rating on shares of Terreno Realty in a research report on Tuesday, October 16th. Finally, Mizuho began coverage on Terreno Realty in a research report on Wednesday, October 3rd. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $39.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc lifted its holdings in Terreno Realty by 133.3% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,000 shares during the period. Eii Capital Management Inc. purchased a new stake in Terreno Realty in the 2nd quarter worth approximately $188,000. Paloma Partners Management Co purchased a new stake in Terreno Realty in the 2nd quarter worth approximately $227,000. Orinda Asset Management LLC purchased a new stake in Terreno Realty in the 2nd quarter worth approximately $245,000. Finally, First Quadrant L P CA purchased a new stake in Terreno Realty in the 3rd quarter worth approximately $247,000. Institutional investors and hedge funds own 97.51% of the company’s stock.

Shares of Terreno Realty stock traded up $0.07 during trading on Monday, hitting $38.98. 316,708 shares of the stock traded hands, compared to its average volume of 370,269. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.32 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 3.01 and a beta of 0.69. Terreno Realty has a 52 week low of $31.56 and a 52 week high of $39.39.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Tuesday, December 18th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.96 annualized dividend and a yield of 2.46%. Terreno Realty’s payout ratio is 88.07%.

About Terreno Realty

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC

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

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