Terreno Realty Co. (NYSE:TRNO) – Mitsubishi UFJ Financial Group raised their FY2018 EPS estimates for Terreno Realty in a report issued on Wednesday, November 14th. Mitsubishi UFJ Financial Group analyst K. Ford now expects that the real estate investment trust will post earnings per share of $1.32 for the year, up from their prior estimate of $1.28. Mitsubishi UFJ Financial Group also issued estimates for Terreno Realty’s Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.35 EPS, FY2019 earnings at $1.39 EPS, Q1 2020 earnings at $0.36 EPS, Q2 2020 earnings at $0.36 EPS, Q3 2020 earnings at $0.36 EPS and FY2020 earnings at $1.43 EPS.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Terreno Realty had a net margin of 34.83% and a return on equity of 4.68%. The business had revenue of $37.90 million for the quarter, compared to analyst estimates of $37.68 million.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. JMP Securities reaffirmed a “hold” rating on shares of Terreno Realty in a research report on Tuesday, October 16th. Mizuho began coverage on shares of Terreno Realty in a research report on Wednesday, October 3rd. They set a “neutral” rating on the stock. ValuEngine lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, KeyCorp raised their price target on shares of Terreno Realty from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.50.

NYSE:TRNO opened at $38.74 on Thursday. Terreno Realty has a 52 week low of $31.56 and a 52 week high of $39.39. The stock has a market cap of $2.30 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.99 and a beta of 0.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.16 and a current ratio of 0.16.

Institutional investors have recently made changes to their positions in the business. Vident Investment Advisory LLC grew its stake in Terreno Realty by 241.5% during the second quarter. Vident Investment Advisory LLC now owns 47,001 shares of the real estate investment trust’s stock worth $1,771,000 after buying an additional 33,238 shares in the last quarter. Standard Life Aberdeen plc acquired a new stake in Terreno Realty during the second quarter worth about $1,923,000. Eagle Asset Management Inc. grew its stake in Terreno Realty by 56.7% during the second quarter. Eagle Asset Management Inc. now owns 229,758 shares of the real estate investment trust’s stock worth $8,654,000 after buying an additional 83,118 shares in the last quarter. Adelante Capital Management LLC grew its stake in Terreno Realty by 2.8% during the second quarter. Adelante Capital Management LLC now owns 497,510 shares of the real estate investment trust’s stock worth $18,741,000 after buying an additional 13,680 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Terreno Realty by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 448,412 shares of the real estate investment trust’s stock worth $16,892,000 after buying an additional 5,197 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, December 17th. This represents a $0.96 dividend on an annualized basis and a yield of 2.48%. Terreno Realty’s payout ratio is 88.07%.

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

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