$42.62 Million in Sales Expected for Terreno Realty Co. (NYSE:TRNO) This Quarter

Wall Street analysts expect Terreno Realty Co. (NYSE:TRNO) to post sales of $42.62 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Terreno Realty’s earnings, with the lowest sales estimate coming in at $42.04 million and the highest estimate coming in at $43.30 million. Terreno Realty posted sales of $37.90 million during the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The business is scheduled to issue its next earnings report on Thursday, November 7th.

On average, analysts expect that Terreno Realty will report full-year sales of $168.70 million for the current financial year, with estimates ranging from $167.01 million to $171.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $182.58 million, with estimates ranging from $170.57 million to $196.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Terreno Realty.

Several equities research analysts have weighed in on TRNO shares. Mitsubishi UFJ Financial Group increased their price target on Terreno Realty to $45.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Zacks Investment Research downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. ValuEngine downgraded Terreno Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. KeyCorp increased their price target on Terreno Realty from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Goldman Sachs Group started coverage on Terreno Realty in a research report on Wednesday, May 15th. They set a “buy” rating and a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.25.

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in Terreno Realty during the 4th quarter worth about $26,019,000. Nisa Investment Advisors LLC grew its position in Terreno Realty by 74.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,898 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 2,523 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Terreno Realty during the 1st quarter worth about $646,000. State of Alaska Department of Revenue grew its position in Terreno Realty by 4.0% during the 1st quarter. State of Alaska Department of Revenue now owns 19,718 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 764 shares during the period. Finally, Citigroup Inc. grew its position in Terreno Realty by 24.2% during the 1st quarter. Citigroup Inc. now owns 48,237 shares of the real estate investment trust’s stock worth $2,028,000 after purchasing an additional 9,411 shares during the period. 96.87% of the stock is currently owned by institutional investors.

TRNO stock traded up $0.73 during midday trading on Friday, reaching $50.77. The stock had a trading volume of 242,800 shares, compared to its average volume of 299,784. The firm has a fifty day simple moving average of $49.42 and a two-hundred day simple moving average of $45.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 4.96 and a current ratio of 4.96. Terreno Realty has a 52-week low of $33.52 and a 52-week high of $50.99.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.27 per share. This is an increase from Terreno Realty’s previous quarterly dividend of $0.24. This represents a $1.08 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, October 3rd.

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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