Wall Street brokerages expect that Terreno Realty Co. (NYSE:TRNO) will post earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Terreno Realty’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.32. Terreno Realty reported earnings of $0.34 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The company is expected to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that Terreno Realty will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.41. For the next year, analysts expect that the company will post earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Terreno Realty.
Several research firms recently commented on TRNO. Mitsubishi UFJ Financial Group boosted their price target on Terreno Realty to $45.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Zacks Investment Research cut Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. ValuEngine cut Terreno Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Goldman Sachs Group began coverage on Terreno Realty in a research note on Wednesday, May 15th. They issued a “buy” rating and a $49.00 price target on the stock. Finally, KeyCorp boosted their price target on Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Terreno Realty currently has a consensus rating of “Hold” and an average target price of $49.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.27 dividend. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, October 3rd.
Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its holdings in Terreno Realty by 11,547.4% in the first quarter. Quadrant Capital Group LLC now owns 2,213 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 2,194 shares during the last quarter. Marshall Wace North America L.P. increased its holdings in Terreno Realty by 50.1% in the first quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 774 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Terreno Realty by 812.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,375 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 3,005 shares during the last quarter. Assetmark Inc. increased its holdings in Terreno Realty by 8.9% in the second quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 330 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Terreno Realty in the first quarter valued at about $182,000. 96.87% of the stock is owned by hedge funds and other institutional investors.
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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