Terreno Realty Co. (TRNO) Expected to Post Earnings of $0.32 Per Share

Analysts expect Terreno Realty Co. (NYSE:TRNO) to announce earnings per share (EPS) of $0.32 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Terreno Realty’s earnings, with estimates ranging from $0.32 to $0.34. Terreno Realty posted earnings of $0.25 per share in the same quarter last year, which would suggest a positive year over year growth rate of 28%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Terreno Realty will report full year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.32. For the next financial year, analysts forecast that the business will post earnings of $1.37 per share, with EPS estimates ranging from $1.34 to $1.41. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Terreno Realty.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.35 EPS for the quarter. Terreno Realty had a return on equity of 5.72% and a net margin of 42.08%. The company had revenue of $37.24 million during the quarter.



A number of brokerages have recently commented on TRNO. JMP Securities reiterated a “hold” rating on shares of Terreno Realty in a research note on Tuesday. Mizuho started coverage on Terreno Realty in a research report on Wednesday, October 3rd. They set a “neutral” rating for the company. ValuEngine lowered Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. KeyCorp raised their target price on Terreno Realty from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research upgraded Terreno Realty from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $39.50.

Shares of TRNO opened at $35.09 on Thursday. Terreno Realty has a 52 week low of $31.56 and a 52 week high of $39.26. The firm has a market capitalization of $2.20 billion, a PE ratio of 32.19, a PEG ratio of 2.93 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.26 and a quick ratio of 1.26.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be issued a dividend of $0.24 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, October 4th. Terreno Realty’s dividend payout ratio (DPR) is presently 88.07%.

A number of institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Terreno Realty during the 3rd quarter worth about $2,109,000. Bank of Montreal Can grew its stake in shares of Terreno Realty by 71.6% in the 3rd quarter. Bank of Montreal Can now owns 81,757 shares of the real estate investment trust’s stock valued at $3,082,000 after buying an additional 34,107 shares during the period. Spirit of America Management Corp NY grew its stake in shares of Terreno Realty by 26.4% in the 3rd quarter. Spirit of America Management Corp NY now owns 25,375 shares of the real estate investment trust’s stock valued at $956,000 after buying an additional 5,300 shares during the period. Fox Run Management L.L.C. grew its stake in shares of Terreno Realty by 118.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 16,710 shares of the real estate investment trust’s stock valued at $630,000 after buying an additional 9,070 shares during the period. Finally, United Services Automobile Association grew its stake in shares of Terreno Realty by 29.5% in the 2nd quarter. United Services Automobile Association now owns 15,748 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 3,583 shares during the period. Hedge funds and other institutional investors own 99.21% of the company’s stock.

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

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

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