Equities analysts expect Terreno Realty Co. (NYSE:TRNO) to announce earnings per share (EPS) of $0.34 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Terreno Realty’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.34. Terreno Realty reported earnings of $0.29 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.2%. The firm is scheduled to report its next earnings results on Wednesday, February 6th.

On average, analysts expect that Terreno Realty will report full year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.28 to $1.32. For the next financial year, analysts anticipate that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.35 to $1.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Terreno Realty.

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

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

Shares of NYSE:TRNO traded up $0.07 during trading hours on Monday, hitting $38.98. 316,708 shares of the company’s stock traded hands, compared to its average volume of 370,269. Terreno Realty has a 52 week low of $31.56 and a 52 week high of $39.39. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 3.01 and a beta of 0.69.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Tuesday, December 18th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, December 17th. Terreno Realty’s payout ratio is 88.07%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Terreno Realty by 2.4% in the third quarter. BlackRock Inc. now owns 5,808,106 shares of the real estate investment trust’s stock worth $218,965,000 after buying an additional 138,624 shares during the period. FMR LLC boosted its holdings in shares of Terreno Realty by 12.2% in the second quarter. FMR LLC now owns 4,290,117 shares of the real estate investment trust’s stock worth $161,608,000 after buying an additional 465,641 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Terreno Realty by 479.3% in the third quarter. JPMorgan Chase & Co. now owns 1,622,069 shares of the real estate investment trust’s stock worth $61,152,000 after buying an additional 1,342,083 shares during the period. Resolution Capital Ltd boosted its holdings in shares of Terreno Realty by 24.8% in the third quarter. Resolution Capital Ltd now owns 1,412,953 shares of the real estate investment trust’s stock worth $53,268,000 after buying an additional 280,375 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Terreno Realty by 36.8% in the second quarter. Northern Trust Corp now owns 1,408,641 shares of the real estate investment trust’s stock worth $53,063,000 after buying an additional 378,809 shares during the period. Institutional investors own 97.51% of the company’s stock.

Terreno Realty Company Profile

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

Further Reading: Institutional Investors

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

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