Zacks: Brokerages Anticipate Terreno Realty Co. (NYSE:TRNO) Will Announce Earnings of $0.35 Per Share

Wall Street brokerages expect Terreno Realty Co. (NYSE:TRNO) to report earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Terreno Realty’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.37. Terreno Realty posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Terreno Realty will report full-year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.42. For the next financial year, analysts forecast that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.45 to $1.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Terreno Realty.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.18). Terreno Realty had a return on equity of 4.55% and a net margin of 36.83%. The company had revenue of $41.73 million for the quarter, compared to analyst estimates of $41.53 million.

Several research analysts recently commented on the company. 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. Finally, KeyCorp boosted their target price 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.25.

TRNO opened at $53.03 on Monday. Terreno Realty has a 12 month low of $33.52 and a 12 month high of $53.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.96 and a quick ratio of 4.96. The business has a fifty day moving average price of $51.19 and a 200 day moving average price of $47.99.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, October 3rd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new stake in Terreno Realty during the 2nd quarter worth about $49,000. Marshall Wace North America L.P. lifted its holdings in Terreno Realty by 50.1% during the 1st quarter. Marshall Wace North America L.P. now owns 2,318 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 774 shares during the last quarter. Assetmark Inc. lifted its holdings in Terreno Realty by 8.9% during the 2nd quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 330 shares during the last quarter. Exane Derivatives lifted its holdings in Terreno Realty by 23,810.5% during the 2nd quarter. Exane Derivatives now owns 4,543 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 4,524 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Terreno Realty by 74.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,898 shares of the real estate investment trust’s stock worth $289,000 after buying an additional 2,523 shares during the last quarter.

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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