Zacks: Brokerages Anticipate Terreno Realty Co. (NYSE:TRNO) Will Post Earnings of $0.45 Per Share

Wall Street brokerages predict that Terreno Realty Co. (NYSE:TRNO) will announce earnings of $0.45 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Terreno Realty’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.47. Terreno Realty posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is scheduled to announce its next earnings report on Wednesday, February 9th.

On average, analysts expect that Terreno Realty will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.69 to $1.74. For the next fiscal year, analysts forecast that the business will post earnings of $1.96 per share, with EPS estimates ranging from $1.90 to $2.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Terreno Realty.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.14). The company had revenue of $57.27 million for the quarter, compared to analysts’ expectations of $54.92 million. Terreno Realty had a net margin of 32.60% and a return on equity of 4.11%.

Several analysts have recently weighed in on the stock. Robert W. Baird cut shares of Terreno Realty from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $80.00 to $79.00 in a research report on Tuesday. Zacks Investment Research cut shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday. Mizuho lifted their target price on shares of Terreno Realty from $65.00 to $76.00 in a research report on Thursday. KeyCorp lifted their target price on shares of Terreno Realty from $71.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, November 5th. Finally, BTIG Research lifted their target price on shares of Terreno Realty from $70.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, December 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.29.

Shares of Terreno Realty stock traded down $0.99 on Friday, hitting $76.86. 10,259 shares of the company traded hands, compared to its average volume of 353,461. The firm’s 50-day simple moving average is $79.00 and its 200 day simple moving average is $71.42. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.48 billion, a P/E ratio of 78.41 and a beta of 0.62. Terreno Realty has a 12-month low of $53.97 and a 12-month high of $86.00.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 5th. Investors of record on Wednesday, December 15th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Tuesday, December 14th. Terreno Realty’s payout ratio is presently 138.78%.

A number of institutional investors have recently made changes to their positions in TRNO. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Terreno Realty in the 2nd quarter worth $27,000. Atlantic Trust LLC bought a new stake in Terreno Realty in the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. bought a new stake in Terreno Realty in the 3rd quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in Terreno Realty by 485.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 468 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 388 shares during the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in Terreno Realty by 74.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 642 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 274 shares during the last quarter. 93.54% of the stock is currently owned by institutional investors and hedge funds.

About Terreno Realty

Terreno Realty Corp. operates as a real estate company, which acquires, owns, and manages industrial properties. It invests in several types of industrial real estate, including warehouse/distribution, flex, research and development, and trans-shipment. The company was founded by Michael A. Coke and W.

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

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