Terreno Realty (TRNO) to Release Earnings on Wednesday

Terreno Realty (NYSE:TRNO) is expected to announce its earnings results 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 announced its 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 business had revenue of $99.64 million for 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 0.3 %

Shares of Terreno Realty stock opened at $65.43 on Monday. Terreno Realty has a 1 year low of $53.78 and a 1 year high of $71.63. 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 company has a 50-day moving average of $60.99 and a 200 day moving average of $64.10. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.72 and a beta of 0.90.

Terreno Realty Announces Dividend

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

Analyst Ratings Changes

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

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.