Analysts Offer Predictions for Terreno Realty Co.’s Q3 2022 Earnings (NYSE:TRNO)

Terreno Realty Co. (NYSE:TRNO – Get Rating) – Research analysts at Jefferies Financial Group raised their Q3 2022 EPS estimates for shares of Terreno Realty in a research report issued on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $0.52 for the quarter, up from their prior forecast of $0.51. Jefferies Financial Group also issued estimates for Terreno Realty’s Q4 2022 earnings at $0.52 EPS, FY2022 earnings at $1.99 EPS, Q1 2023 earnings at $0.53 EPS, Q2 2023 earnings at $0.54 EPS, Q3 2023 earnings at $0.56 EPS and FY2023 earnings at $2.18 EPS.

Terreno Realty (NYSE:TRNO – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $60.68 million during the quarter, compared to the consensus estimate of $58.87 million. Terreno Realty had a net margin of 39.32% and a return on equity of 4.89%.

Other analysts have also issued research reports about the company. BTIG Research upped their target price on Terreno Realty from $70.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, December 23rd. Robert W. Baird downgraded Terreno Realty from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $80.00 to $79.00 in a research report on Tuesday, January 11th. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Wednesday. Mizuho boosted their price target on Terreno Realty from $65.00 to $76.00 in a research report on Thursday, January 13th. Finally, StockNews.com assumed coverage on Terreno Realty in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $80.57.

TRNO opened at $73.97 on Friday. Terreno Realty has a 52-week low of $60.75 and a 52-week high of $86.00. The firm has a market capitalization of $5.58 billion, a PE ratio of 60.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.54 and a current ratio of 4.54. The business’s 50-day simple moving average is $71.45 and its 200 day simple moving average is $73.86.

Several institutional investors have recently bought and sold shares of TRNO. USA Financial Portformulas Corp acquired a new stake in Terreno Realty during the fourth quarter worth approximately $39,000. First Eagle Investment Management LLC acquired a new stake in Terreno Realty during the fourth quarter worth approximately $51,000. Total Clarity Wealth Management Inc. acquired a new stake in Terreno Realty during the fourth quarter worth approximately $51,000. CWM LLC acquired a new stake in Terreno Realty during the fourth quarter worth approximately $55,000. Finally, FinTrust Capital Advisors LLC grew its position in Terreno Realty by 74.5% during the third quarter. FinTrust Capital Advisors LLC now owns 642 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 274 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors.

The company also recently announced a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Friday, March 25th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, March 24th. Terreno Realty’s payout ratio is 110.57%.

About Terreno Realty (Get Rating)

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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