Terreno Realty Corporation (NYSE:TRNO) Plans Quarterly Dividend of $0.52

Terreno Realty Corporation (NYSE:TRNO) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Friday, March 27th will be given a dividend of 0.52 per share by the real estate investment trust on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, March 27th.

Terreno Realty has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Terreno Realty has a 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. Equities research 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 Price Performance

TRNO stock opened at $64.33 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.27. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.52 and a beta of 1.13. The company’s fifty day simple moving average is $61.04 and its 200 day simple moving average is $59.08. Terreno Realty has a 12-month low of $48.18 and a 12-month high of $69.20.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.66. The company had revenue of $137.48 million for the quarter, compared to the consensus estimate of $124.72 million. Terreno Realty had a return on equity of 8.27% and a net margin of 72.41%. On average, analysts expect that Terreno Realty will post 2.64 earnings per share for the current year.

About Terreno Realty

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.