Equities analysts expect Terreno Realty (NYSE:TRNO) to post earnings per share (EPS) of $0.30 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Terreno Realty’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.30. Terreno Realty posted earnings of $0.29 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Terreno Realty will report full-year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.21. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.28 per share, with EPS estimates ranging from $1.21 to $1.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Terreno Realty.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). The business had revenue of $34.63 million during the quarter, compared to analysts’ expectations of $34.86 million. Terreno Realty had a return on equity of 5.45% and a net margin of 38.61%.

Several analysts have weighed in on TRNO shares. Zacks Investment Research raised Terreno Realty from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, January 25th. Sandler O’Neill set a $40.00 target price on Terreno Realty and gave the company a “buy” rating in a report on Friday, January 12th. Robert W. Baird reissued a “hold” rating and issued a $35.00 target price on shares of Terreno Realty in a report on Tuesday, January 9th. DA Davidson reissued a “buy” rating on shares of Terreno Realty in a report on Friday, February 9th. Finally, ValuEngine raised Terreno Realty from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Terreno Realty has a consensus rating of “Buy” and a consensus target price of $37.73.

NYSE:TRNO opened at $35.06 on Friday. The firm has a market capitalization of $1,944.74, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.68 and a quick ratio of 1.68. Terreno Realty has a 1 year low of $29.58 and a 1 year high of $38.54.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Investors of record on Wednesday, March 28th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Tuesday, March 27th. Terreno Realty’s payout ratio is currently 80.73%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC boosted its stake in shares of Terreno Realty by 1.2% during the fourth quarter. William Blair Investment Management LLC now owns 694,801 shares of the real estate investment trust’s stock valued at $24,360,000 after acquiring an additional 7,972 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Terreno Realty during the fourth quarter valued at $810,000. Westwood Holdings Group Inc. boosted its stake in shares of Terreno Realty by 13.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 752,513 shares of the real estate investment trust’s stock valued at $26,383,000 after acquiring an additional 91,025 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Terreno Realty by 24.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 402,577 shares of the real estate investment trust’s stock valued at $14,114,000 after acquiring an additional 79,612 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of Terreno Realty by 0.7% during the fourth quarter. Teachers Advisors LLC now owns 769,323 shares of the real estate investment trust’s stock valued at $26,972,000 after acquiring an additional 5,637 shares during the last quarter. 99.65% of the stock is currently owned by institutional investors and hedge funds.

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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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

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

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