Q3 2024 EPS Estimates for Terreno Realty Co. (NYSE:TRNO) Increased by Analyst

Terreno Realty Co. (NYSE:TRNOFree Report) – Equities research analysts at Wedbush upped their Q3 2024 earnings per share (EPS) estimates for Terreno Realty in a research report issued to clients and investors on Wednesday, March 27th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $0.64 for the quarter, up from their previous estimate of $0.61. Wedbush has a “Neutral” rating and a $67.00 price objective on the stock. The consensus estimate for Terreno Realty’s current full-year earnings is $2.41 per share. Wedbush also issued estimates for Terreno Realty’s Q4 2024 earnings at $0.65 EPS, FY2024 earnings at $2.48 EPS, Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.67 EPS, Q3 2025 earnings at $0.68 EPS, Q4 2025 earnings at $0.70 EPS and FY2025 earnings at $2.70 EPS.

A number of other research firms have also recently commented on TRNO. Mizuho cut their price objective on Terreno Realty from $67.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, December 5th. Scotiabank boosted their price objective on Terreno Realty from $64.00 to $66.00 and gave the company a “sector perform” rating in a research report on Monday, February 12th. The Goldman Sachs Group boosted their price target on Terreno Realty from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. StockNews.com upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, March 23rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $65.00 price target on shares of Terreno Realty in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.00.

Read Our Latest Stock Analysis on TRNO

Terreno Realty Stock Up 1.6 %

Shares of TRNO stock opened at $66.40 on Friday. The stock has a 50 day moving average of $62.90 and a 200 day moving average of $59.80. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.28. The stock has a market cap of $5.98 billion, a P/E ratio of 36.69, a P/E/G ratio of 3.06 and a beta of 0.81. Terreno Realty has a twelve month low of $50.42 and a twelve month high of $66.47.

Terreno Realty (NYSE:TRNOGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. The business had revenue of $86.48 million during the quarter, compared to the consensus estimate of $84.06 million. Terreno Realty had a return on equity of 5.55% and a net margin of 46.76%.

Terreno Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Thursday, March 28th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, March 27th. Terreno Realty’s payout ratio is currently 99.45%.

Hedge Funds Weigh In On Terreno Realty

Hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its holdings in shares of Terreno Realty by 6.8% during the first quarter. Advisor Group Holdings Inc. now owns 3,948 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 253 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Terreno Realty by 55.4% during the first quarter. MetLife Investment Management LLC now owns 39,255 shares of the real estate investment trust’s stock worth $2,907,000 after acquiring an additional 13,997 shares during the last quarter. Rhumbline Advisers increased its position in shares of Terreno Realty by 17.2% during the first quarter. Rhumbline Advisers now owns 137,608 shares of the real estate investment trust’s stock worth $10,190,000 after acquiring an additional 20,239 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Terreno Realty by 6.0% during the first quarter. Great West Life Assurance Co. Can now owns 63,883 shares of the real estate investment trust’s stock worth $4,907,000 after acquiring an additional 3,589 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Terreno Realty by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,336,796 shares of the real estate investment trust’s stock worth $98,993,000 after acquiring an additional 22,692 shares during the last quarter.

Terreno Realty Company Profile

(Get Free Report)

Terreno Realty Corporation (Terreno, 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 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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