Wall Street brokerages expect Terreno Realty Co. (NYSE:TRNO) to report sales of $44.83 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Terreno Realty’s earnings, with the lowest sales estimate coming in at $44.14 million and the highest estimate coming in at $45.70 million. Terreno Realty posted sales of $39.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.8%. The firm is expected to issue its next earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that Terreno Realty will report full-year sales of $170.84 million for the current fiscal year, with estimates ranging from $170.14 million to $171.70 million. For the next year, analysts forecast that the business will post sales of $187.17 million, with estimates ranging from $180.60 million to $197.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Terreno Realty.
Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Terreno Realty had a net margin of 38.43% and a return on equity of 4.60%. The firm had revenue of $43.40 million for the quarter, compared to the consensus estimate of $42.79 million.
A number of equities analysts recently commented on TRNO shares. Zacks Investment Research raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. KeyCorp increased their price objective on shares of Terreno Realty from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Terreno Realty has a consensus rating of “Hold” and a consensus target price of $51.25.
Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its position in shares of Terreno Realty by 460.7% during the first quarter. First Trust Advisors LP now owns 62,196 shares of the real estate investment trust’s stock worth $2,615,000 after acquiring an additional 51,104 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Terreno Realty by 74.8% during the second quarter. Nisa Investment Advisors LLC now owns 5,898 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 2,523 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Terreno Realty by 11.5% during the second quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 1,100 shares during the period. Artemis Investment Management LLP raised its holdings in shares of Terreno Realty by 22.9% in the second quarter. Artemis Investment Management LLP now owns 378,033 shares of the real estate investment trust’s stock valued at $18,003,000 after acquiring an additional 70,326 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its holdings in shares of Terreno Realty by 20.4% in the second quarter. Moody Aldrich Partners LLC now owns 262,673 shares of the real estate investment trust’s stock valued at $12,881,000 after acquiring an additional 44,434 shares in the last quarter. 99.04% of the stock is owned by institutional investors.
NYSE TRNO traded down $0.34 during trading hours on Friday, hitting $57.32. 2,739 shares of the company were exchanged, compared to its average volume of 311,910. The stock has a 50-day moving average price of $55.56 and a 200 day moving average price of $50.79. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.30. Terreno Realty has a 52 week low of $33.52 and a 52 week high of $58.21.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Monday, December 30th.
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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