Terreno Realty Corporation (TRNO) to Issue Quarterly Dividend of $0.52 on January 9th

Terreno Realty Corporation (NYSE:TRNO) announced a quarterly dividend on Wednesday, November 5th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.52 per share by the real estate investment trust on Friday, January 9th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, December 15th.

Terreno Realty has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Terreno Realty has a dividend payout ratio of 123.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Terreno Realty to earn $2.87 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 72.5%.

Terreno Realty Trading Up 1.7%

Shares of NYSE:TRNO opened at $58.97 on Friday. The company’s 50-day moving average price is $58.47 and its two-hundred day moving average price is $57.37. Terreno Realty has a one year low of $48.18 and a one year high of $69.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $6.09 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Terreno Realty (NYSE:TRNO) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.34. Terreno Realty had a return on equity of 6.71% and a net margin of 59.56%.The business had revenue of $116.25 million for the quarter, compared to the consensus estimate of $114.62 million. On average, equities analysts forecast that Terreno Realty will post 2.64 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael A. Coke sold 10,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $53.96, for a total value of $539,600.00. Following the completion of the sale, the president directly owned 412,415 shares in the company, valued at $22,253,913.40. The trade was a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Terreno Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Terreno Realty in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its holdings in Terreno Realty by 73.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 447 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 189 shares during the period. First Horizon Corp acquired a new position in shares of Terreno Realty during the 3rd quarter worth approximately $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Terreno Realty by 304.3% during the first quarter. Geneos Wealth Management Inc. now owns 465 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 350 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Terreno Realty by 140.6% in the second quarter. Osaic Holdings Inc. now owns 611 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 357 shares in the last quarter.

About Terreno Realty

Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) 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 All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.