Wedbush Issues Positive Outlook for Terreno Realty Earnings

Terreno Realty Co. (NYSE:TRNO) – Equities research analysts at Wedbush raised their FY2025 earnings estimates for shares of Terreno Realty in a research note issued on Monday, November 11th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $2.67 per share for the year, up from their previous estimate of $2.65. Wedbush has a “Neutral” rating and a $70.00 price objective on the stock. The consensus estimate for Terreno Realty’s current full-year earnings is $2.41 per share.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%.

Several other analysts also recently commented on the stock. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a report on Sunday, September 22nd. Wells Fargo & Company lowered Terreno Realty from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Scotiabank lowered their target price 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. StockNews.com lowered Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Barclays decreased their price target on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.22.

Terreno Realty Price Performance

Shares of NYSE TRNO opened at $61.81 on Tuesday. Terreno Realty has a 52 week low of $53.78 and a 52 week high of $71.63. The business’s 50 day moving average price is $65.00 and its 200 day moving average price is $62.88. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.16 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.81 and a beta of 0.90.

Terreno Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.17%. Terreno Realty’s dividend payout ratio is currently 107.69%.

Hedge Funds Weigh In On Terreno Realty

A number of large investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in shares of Terreno Realty by 7.4% in the third quarter. Huntington National Bank now owns 2,555 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 177 shares during the period. Covestor Ltd boosted its position in shares of Terreno Realty by 7.2% during the 1st quarter. Covestor Ltd now owns 2,950 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 197 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Terreno Realty by 9.9% in the second quarter. Amalgamated Bank now owns 3,154 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 284 shares during the period. Handelsbanken Fonder AB grew its position in Terreno Realty by 1.1% in the third quarter. Handelsbanken Fonder AB now owns 27,830 shares of the real estate investment trust’s stock worth $1,860,000 after acquiring an additional 300 shares during the period. Finally, Creative Planning raised its holdings in Terreno Realty by 7.0% in the 2nd quarter. Creative Planning now owns 4,797 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 312 shares during the period.

Terreno Realty Company Profile

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.