$0.34 Earnings Per Share Expected for Terreno Realty Co. (NYSE:TRNO) This Quarter

Equities analysts expect that Terreno Realty Co. (NYSE:TRNO) will post $0.34 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Terreno Realty’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.35. The company is expected to issue its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Terreno Realty will report full-year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.39 to $1.45. For the next fiscal year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.47 to $1.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Terreno Realty.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). Terreno Realty had a return on equity of 5.62% and a net margin of 44.18%. The company had revenue of $40.88 million during the quarter, compared to the consensus estimate of $40.02 million.

TRNO has been the topic of a number of recent analyst reports. Goldman Sachs Group initiated coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price target on the stock. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday. KeyCorp raised their price target on Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Mitsubishi UFJ Financial Group raised their price objective on Terreno Realty to $45.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Terreno Realty has a consensus rating of “Hold” and a consensus price target of $49.25.

Shares of NYSE TRNO traded down $0.88 during mid-day trading on Monday, reaching $48.75. The company had a trading volume of 139,510 shares, compared to its average volume of 306,960. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.41 and a current ratio of 2.41. Terreno Realty has a one year low of $33.52 and a one year high of $50.79. The company has a 50-day moving average price of $48.21.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, July 3rd.

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in shares of Terreno Realty by 3.7% in the fourth quarter. California State Teachers Retirement System now owns 90,995 shares of the real estate investment trust’s stock worth $3,200,000 after acquiring an additional 3,207 shares during the period. Norges Bank bought a new stake in shares of Terreno Realty during the fourth quarter valued at approximately $26,019,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Terreno Realty during the first quarter valued at approximately $646,000. Aviva PLC increased its holdings in shares of Terreno Realty by 43.0% during the fourth quarter. Aviva PLC now owns 18,719 shares of the real estate investment trust’s stock valued at $658,000 after acquiring an additional 5,628 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Terreno Realty by 4.0% during the first quarter. State of Alaska Department of Revenue now owns 19,718 shares of the real estate investment trust’s stock valued at $828,000 after acquiring an additional 764 shares in the last quarter. 99.75% of the stock is currently owned by institutional investors and hedge funds.

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

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