Wall Street analysts forecast that Terreno Realty (NYSE:TRNO) will report $0.30 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for Terreno Realty’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.29. Terreno Realty reported 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 expected to report its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Terreno Realty will report full-year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.18 to $1.22. For the next financial year, analysts expect that the business will post earnings of $1.28 per share, with EPS estimates ranging from $1.21 to $1.33. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Terreno Realty.
Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). Terreno Realty had a return on equity of 5.45% and a net margin of 38.61%. The business had revenue of $34.63 million for the quarter, compared to analyst estimates of $34.86 million.
A number of large investors have recently bought and sold shares of the stock. William Blair Investment Management LLC grew its stake in Terreno Realty by 1.2% in the 4th quarter. William Blair Investment Management LLC now owns 694,801 shares of the real estate investment trust’s stock valued at $24,360,000 after buying an additional 7,972 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Terreno Realty in the 4th quarter valued at $810,000. Westwood Holdings Group Inc. grew its stake in Terreno Realty by 13.8% in the 4th quarter. Westwood Holdings Group Inc. now owns 752,513 shares of the real estate investment trust’s stock valued at $26,383,000 after buying an additional 91,025 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Terreno Realty by 24.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 402,577 shares of the real estate investment trust’s stock valued at $14,114,000 after buying an additional 79,612 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in Terreno Realty by 0.7% in the 4th quarter. Teachers Advisors LLC now owns 769,323 shares of the real estate investment trust’s stock valued at $26,972,000 after buying an additional 5,637 shares during the last quarter. Institutional investors and hedge funds own 99.45% of the company’s stock.
Shares of TRNO traded down $0.51 during mid-day trading on Thursday, hitting $33.37. 547,861 shares of the company’s stock were exchanged, compared to its average volume of 322,121. Terreno Realty has a twelve month low of $29.30 and a twelve month high of $38.54. The firm has a market cap of $1,869.87, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 2.80 and a beta of 0.74. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.46.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 28th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 2.64%. Terreno Realty’s payout ratio is presently 80.73%.
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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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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