Wall Street analysts expect Terreno Realty Co. (NYSE:TRNO) to report earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Terreno Realty’s earnings, with estimates ranging from $0.35 to $0.38. The company is scheduled to announce its next earnings report on Wednesday, February 5th.
According to Zacks, analysts expect that Terreno Realty will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.42. For the next financial year, analysts forecast that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.48 to $1.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Terreno Realty.
Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Terreno Realty had a return on equity of 4.60% and a net margin of 38.43%. The company had revenue of $43.40 million for the quarter, compared to analyst estimates of $42.79 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in Terreno Realty during the 2nd quarter valued at approximately $49,000. Quantum Capital Management acquired a new stake in Terreno Realty during the 3rd quarter worth approximately $143,000. Ninepoint Partners LP purchased a new position in shares of Terreno Realty in the 3rd quarter valued at approximately $180,000. Assetmark Inc. grew its stake in shares of Terreno Realty by 8.9% in the 2nd quarter. Assetmark Inc. now owns 4,045 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 330 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Terreno Realty in the third quarter valued at approximately $255,000. 99.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Terreno Realty stock traded down $0.34 on Friday, hitting $57.32. The stock had a trading volume of 2,739 shares, compared to its average volume of 311,910. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.30. Terreno Realty has a 52-week low of $33.52 and a 52-week high of $58.21. The company’s 50 day moving average price is $55.56 and its 200 day moving average price is $50.79.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.88%.
About Terreno Realty
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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