FY2018 Earnings Forecast for Terreno Realty (TRNO) Issued By Jefferies Group

Terreno Realty (NYSE:TRNO) – Research analysts at Jefferies Group reduced their FY2018 EPS estimates for Terreno Realty in a research note issued to investors on Thursday, April 12th. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $1.19 per share for the year, down from their prior estimate of $1.22. Jefferies Group also issued estimates for Terreno Realty’s FY2019 earnings at $1.29 EPS.

A number of other analysts also recently commented on TRNO. Robert W. Baird restated a “hold” rating and set a $35.00 price target on shares of Terreno Realty in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, January 11th. Sandler O’Neill set a $40.00 target price on shares of Terreno Realty and gave the stock a “buy” rating in a report on Friday, January 12th. DA Davidson reiterated a “buy” rating on shares of Terreno Realty in a report on Friday, February 9th. Finally, B. Riley set a $36.00 target price on shares of Terreno Realty and gave the stock a “hold” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.73.



TRNO stock opened at $33.78 on Friday. Terreno Realty has a 52 week low of $29.35 and a 52 week high of $38.54. The stock has a market cap of $1,879.30, a price-to-earnings ratio of 30.99, a P/E/G ratio of 2.82 and a beta of 0.74. 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 (NYSE:TRNO) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Terreno Realty had a return on equity of 5.45% and a net margin of 38.61%. The company had revenue of $34.63 million for the quarter, compared to the consensus estimate of $34.86 million.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Wednesday, March 28th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.61%. Terreno Realty’s payout ratio is currently 80.73%.

Several hedge funds have recently added to or reduced their stakes in TRNO. Public Employees Retirement Association of Colorado acquired a new stake in shares of Terreno Realty during the fourth quarter valued at approximately $11,640,000. BlackRock Inc. raised its holdings in shares of Terreno Realty by 5.2% during the fourth quarter. BlackRock Inc. now owns 6,368,876 shares of the real estate investment trust’s stock valued at $223,293,000 after acquiring an additional 312,221 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Terreno Realty by 120.6% during the fourth quarter. Wells Fargo & Company MN now owns 328,784 shares of the real estate investment trust’s stock valued at $11,528,000 after acquiring an additional 179,723 shares during the period. Strs Ohio raised its holdings in shares of Terreno Realty by 139.5% during the fourth quarter. Strs Ohio now owns 189,503 shares of the real estate investment trust’s stock valued at $6,643,000 after acquiring an additional 110,391 shares during the period. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Terreno Realty by 13.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 752,513 shares of the real estate investment trust’s stock valued at $26,383,000 after acquiring an additional 91,025 shares during the period. Institutional investors and hedge funds own 99.45% of the company’s stock.

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Terreno Realty Company Profile

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.

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

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