Analysts Expect Terreno Realty Co. (NYSE:TRNO) to Announce $0.35 EPS

Analysts forecast that Terreno Realty Co. (NYSE:TRNO) will report $0.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Terreno Realty’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.36. Terreno Realty posted earnings per share of $0.33 in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The firm is expected to report its next quarterly earnings report on Wednesday, July 29th.

According to Zacks, analysts expect that Terreno Realty will report full-year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.39 to $1.45. For the next fiscal year, analysts anticipate that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.40 to $1.58. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Terreno Realty.

Terreno Realty (NYSE:TRNO) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $45.12 million for the quarter, compared to analyst estimates of $45.40 million. Terreno Realty had a return on equity of 3.52% and a net margin of 30.10%.

Several research analysts have recently commented on TRNO shares. Piper Sandler reduced their target price on Terreno Realty from $62.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Robert W. Baird upped their target price on Terreno Realty from $50.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Zacks Investment Research upgraded Terreno Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.80.

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in Terreno Realty by 10.8% during the first quarter. Victory Capital Management Inc. now owns 35,305 shares of the real estate investment trust’s stock valued at $1,827,000 after buying an additional 3,442 shares during the period. Caxton Associates LP bought a new stake in shares of Terreno Realty in the 1st quarter worth approximately $268,000. Nuveen Asset Management LLC lifted its position in Terreno Realty by 17.8% in the 1st quarter. Nuveen Asset Management LLC now owns 2,004,734 shares of the real estate investment trust’s stock valued at $103,745,000 after acquiring an additional 302,798 shares in the last quarter. FDx Advisors Inc. purchased a new stake in Terreno Realty during the 1st quarter valued at $659,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Terreno Realty by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 409,051 shares of the real estate investment trust’s stock worth $22,147,000 after buying an additional 16,882 shares during the period.

Shares of NYSE:TRNO traded up $0.31 during trading on Monday, hitting $52.36. 22,251 shares of the company were exchanged, compared to its average volume of 641,937. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 66.37 and a beta of 0.66. Terreno Realty has a fifty-two week low of $42.12 and a fifty-two week high of $62.31. The firm has a fifty day moving average price of $51.13 and a two-hundred day moving average price of $53.70. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.31.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given a $0.27 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.06%. Terreno Realty’s dividend payout ratio (DPR) is presently 78.26%.

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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