Terreno Realty (TRNO) to Release Earnings on Wednesday

Terreno Realty (NYSE:TRNO) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $100.73 million for the quarter.

Terreno Realty (NYSE:TRNO) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.24). The business had revenue of $99.64 million during the quarter, compared to the consensus estimate of $96.31 million. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%. On average, analysts expect Terreno Realty to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Terreno Realty Stock Down 0.2 %

Terreno Realty stock opened at $65.27 on Tuesday. Terreno Realty has a 1-year low of $53.78 and a 1-year high of $71.63. The business has a fifty day moving average price of $60.99 and a 200-day moving average price of $64.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.74 and a beta of 0.91.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were paid a $0.49 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.00%. Terreno Realty’s payout ratio is currently 107.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TRNO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Terreno Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price objective for the company. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a research report on Monday, January 6th. Barclays restated an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. Finally, Scotiabank decreased their price target on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.50.

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.