Terreno Realty Corporation (NYSE:TRNO – Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, December 15th will be given a dividend of $0.57 per share by the real estate investment trust on Friday, January 8th. This represents a $2.28 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, December 15th.
Terreno Realty has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 5 years. Terreno Realty has a dividend payout ratio of 134.9% meaning 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 $3.08 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 74.0%.
Terreno Realty Stock Up 2.0%
NYSE:TRNO opened at $68.01 on Thursday. The firm has a 50-day simple moving average of $65.53 and a two-hundred day simple moving average of $65.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $7.41 billion, a P/E ratio of 18.23 and a beta of 0.98. Terreno Realty has a fifty-two week low of $57.71 and a fifty-two week high of $78.94.
Terreno Realty (NYSE:TRNO – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.27. The firm had revenue of $132.23 million during the quarter, compared to analyst estimates of $128.72 million. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. Analysts predict that Terreno Realty will post 2.84 earnings per share for the current fiscal year.
About Terreno Realty
Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.
Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.
The company focuses on major U.S.
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