Brokerages expect that Terreno Realty (NYSE:TRNO) will post $35.95 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Terreno Realty’s earnings. The highest sales estimate is $37.10 million and the lowest is $34.93 million. Terreno Realty posted sales of $31.44 million during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The company is expected to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Terreno Realty will report full-year sales of $35.95 million for the current fiscal year, with estimates ranging from $141.56 million to $154.10 million. For the next year, analysts anticipate that the firm will report sales of $168.87 million per share, with estimates ranging from $146.58 million to $178.49 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Terreno Realty.
Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.09). Terreno Realty had a net margin of 38.61% and a return on equity of 5.45%. The firm had revenue of $34.63 million during the quarter, compared to analyst estimates of $34.86 million.
A number of research firms recently issued reports on TRNO. ValuEngine upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded shares of Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, January 25th. B. Riley set a $36.00 target price on shares of Terreno Realty and gave the company a “hold” rating in a research note on Monday, February 12th. Robert W. Baird reiterated a “hold” rating and issued a $35.00 target price on shares of Terreno Realty in a research note on Tuesday, January 9th. Finally, Sandler O’Neill set a $38.00 target price on shares of Terreno Realty and gave the company a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Terreno Realty has an average rating of “Buy” and a consensus price target of $37.73.
NYSE:TRNO traded down $0.51 during midday trading on Friday, reaching $33.37. The stock had a trading volume of 547,861 shares, compared to its average volume of 322,121. Terreno Realty has a 1-year low of $29.30 and a 1-year high of $38.54. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1,869.87, a PE ratio of 30.90, a PEG ratio of 2.80 and a beta of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Wednesday, March 28th will be given a $0.22 dividend. The ex-dividend date is Tuesday, March 27th. This represents a $0.88 annualized dividend and a yield of 2.64%. Terreno Realty’s dividend payout ratio is 80.73%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. William Blair Investment Management LLC grew its position in Terreno Realty by 1.2% in the 4th quarter. William Blair Investment Management LLC now owns 694,801 shares of the real estate investment trust’s stock worth $24,360,000 after purchasing an additional 7,972 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Terreno Realty in the 4th quarter worth $810,000. Westwood Holdings Group Inc. grew its position in Terreno Realty by 13.8% in the 4th quarter. Westwood Holdings Group Inc. now owns 752,513 shares of the real estate investment trust’s stock worth $26,383,000 after purchasing an additional 91,025 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Terreno Realty by 24.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 402,577 shares of the real estate investment trust’s stock worth $14,114,000 after purchasing an additional 79,612 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in Terreno Realty by 0.7% in the 4th quarter. Teachers Advisors LLC now owns 769,323 shares of the real estate investment trust’s stock worth $26,972,000 after purchasing an additional 5,637 shares during the last quarter. Institutional investors own 99.45% of the company’s stock.
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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.
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