Analysts predict that Terreno Realty Co. (NYSE:TRNO) will report earnings per share (EPS) of $0.31 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Terreno Realty’s earnings, with estimates ranging from $0.31 to $0.32. Terreno Realty posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.8%. The business is expected to announce its next quarterly earnings results on Wednesday, September 12th.
On average, analysts expect that Terreno Realty will report full year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.32. For the next fiscal year, analysts anticipate that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.34 to $1.41. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Terreno Realty.
A number of research analysts have commented on TRNO shares. Zacks Investment Research upgraded Terreno Realty from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Saturday, May 19th. KeyCorp boosted their target price on Terreno Realty from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.91.
NYSE:TRNO traded down $0.31 during trading hours on Friday, hitting $37.44. 232,300 shares of the company’s stock traded hands, compared to its average volume of 366,080. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.93 and a beta of 0.71. Terreno Realty has a twelve month low of $31.56 and a twelve month high of $39.26. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.42.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be paid a $0.24 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.96 dividend on an annualized basis and a yield of 2.56%. This is an increase from Terreno Realty’s previous quarterly dividend of $0.22. Terreno Realty’s payout ratio is 80.73%.
In other news, Director Gabriela Franco Parcella bought 5,500 shares of the stock in a transaction on Tuesday, June 12th. The shares were purchased at an average price of $37.97 per share, for a total transaction of $208,835.00. Following the completion of the purchase, the director now directly owns 7,914 shares of the company’s stock, valued at approximately $300,494.58. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.60% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc boosted its stake in shares of Terreno Realty by 133.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 3,500 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,000 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Terreno Realty by 491.6% during the 1st quarter. Assetmark Inc. now owns 3,526 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 2,930 shares in the last quarter. Eii Capital Management Inc. bought a new stake in shares of Terreno Realty during the 2nd quarter worth about $188,000. Hsbc Holdings PLC bought a new stake in shares of Terreno Realty during the 1st quarter worth about $207,000. Finally, Paloma Partners Management Co bought a new stake in shares of Terreno Realty during the 2nd quarter worth about $227,000. Institutional investors own 99.78% 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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