Terreno Realty Co. (NYSE:TRNO) Expected to Post Earnings of $0.46 Per Share

Wall Street brokerages predict that Terreno Realty Co. (NYSE:TRNOGet Rating) will report earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Terreno Realty’s earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.47. Terreno Realty reported earnings per share of $0.40 during the same quarter last year, which indicates a positive year over year growth rate of 15%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Terreno Realty will report full year earnings of $1.96 per share for the current financial year, with EPS estimates ranging from $1.91 to $1.99. For the next financial year, analysts expect that the company will report earnings of $2.16 per share, with EPS estimates ranging from $2.08 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Terreno Realty.

Terreno Realty (NYSE:TRNOGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). Terreno Realty had a return on equity of 4.79% and a net margin of 38.53%.

Several equities analysts recently issued reports on TRNO shares. StockNews.com assumed coverage on Terreno Realty in a report on Thursday, March 31st. They set a “hold” rating for the company. Mizuho decreased their price objective on shares of Terreno Realty from $76.00 to $64.00 and set a “na” rating on the stock in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, April 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Terreno Realty presently has an average rating of “Buy” and a consensus target price of $78.86.

In other news, CEO W Blake Baird purchased 1,000 shares of the stock in a transaction dated Monday, May 9th. The stock was acquired at an average cost of $64.00 per share, for a total transaction of $64,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 588,376 shares in the company, valued at approximately $37,656,064. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Pendal Group Ltd boosted its position in shares of Terreno Realty by 62.1% in the fourth quarter. Pendal Group Ltd now owns 32,262 shares of the real estate investment trust’s stock worth $2,752,000 after acquiring an additional 12,362 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Terreno Realty during the 4th quarter valued at $6,116,000. Dupont Capital Management Corp increased its holdings in shares of Terreno Realty by 412.6% during the 4th quarter. Dupont Capital Management Corp now owns 27,038 shares of the real estate investment trust’s stock worth $2,306,000 after buying an additional 21,763 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Terreno Realty by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 709,484 shares of the real estate investment trust’s stock worth $44,861,000 after buying an additional 19,281 shares during the period. Finally, Natixis Advisors L.P. raised its position in shares of Terreno Realty by 28.3% in the 4th quarter. Natixis Advisors L.P. now owns 55,948 shares of the real estate investment trust’s stock worth $4,772,000 after buying an additional 12,328 shares during the period.

Shares of TRNO traded down $0.11 on Tuesday, reaching $63.01. The stock had a trading volume of 12,827 shares, compared to its average volume of 502,235. The firm has a market capitalization of $4.76 billion, a PE ratio of 51.23 and a beta of 0.69. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $72.23 and a 200 day moving average of $74.49. Terreno Realty has a twelve month low of $61.83 and a twelve month high of $86.00.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, June 29th. Terreno Realty’s payout ratio is 110.57%.

About Terreno Realty (Get Rating)

Terreno Realty Corporation and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited.

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

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