Terreno Realty Co. (TRNO) Expected to Post Quarterly Sales of $38.36 Million

Wall Street analysts predict that Terreno Realty Co. (NYSE:TRNO) will announce $38.36 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Terreno Realty’s earnings, with the lowest sales estimate coming in at $37.34 million and the highest estimate coming in at $39.73 million. Terreno Realty posted sales of $34.63 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The company is expected to issue its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Terreno Realty will report full-year sales of $150.28 million for the current financial year, with estimates ranging from $148.50 million to $151.98 million. For the next financial year, analysts forecast that the company will post sales of $160.28 million, with estimates ranging from $149.69 million to $171.87 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Terreno Realty.

Terreno Realty (NYSE:TRNO) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $37.68 million. Terreno Realty had a net margin of 34.83% and a return on equity of 4.68%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Terreno Realty from a “buy” rating to a “hold” rating in a research note on Wednesday. Mizuho assumed coverage on shares of Terreno Realty in a research note on Wednesday, October 3rd. They set a “neutral” rating for the company. KeyCorp raised their target price on shares of Terreno Realty from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. ValuEngine cut shares of Terreno Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, JMP Securities reaffirmed a “hold” rating on shares of Terreno Realty in a research note on Tuesday, October 16th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Terreno Realty has a consensus rating of “Buy” and a consensus target price of $39.50.

TRNO traded up $0.07 during trading on Wednesday, hitting $38.98. 316,708 shares of the company traded hands, compared to its average volume of 370,269. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 3.01 and a beta of 0.69. Terreno Realty has a 1 year low of $31.56 and a 1 year high of $39.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.16 and a current ratio of 0.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Tuesday, December 18th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.96 annualized dividend and a yield of 2.46%. Terreno Realty’s dividend payout ratio (DPR) is currently 88.07%.

A number of hedge funds have recently added to or reduced their stakes in TRNO. Guggenheim Capital LLC lifted its position in Terreno Realty by 288.1% during the first quarter. Guggenheim Capital LLC now owns 25,287 shares of the real estate investment trust’s stock valued at $873,000 after purchasing an additional 18,772 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in Terreno Realty during the first quarter valued at $350,000. Principal Financial Group Inc. lifted its position in Terreno Realty by 16.9% during the first quarter. Principal Financial Group Inc. now owns 1,202,060 shares of the real estate investment trust’s stock valued at $41,482,000 after purchasing an additional 173,521 shares during the last quarter. Bank of Montreal Can bought a new position in Terreno Realty during the second quarter valued at $1,795,000. Finally, Resolution Capital Ltd lifted its position in Terreno Realty by 15.5% during the second quarter. Resolution Capital Ltd now owns 1,132,578 shares of the real estate investment trust’s stock valued at $42,664,000 after purchasing an additional 151,600 shares during the last quarter. Institutional investors and hedge funds own 97.51% of the company’s stock.

About Terreno Realty

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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Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

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