Terreno Realty Corporation (TRNO) to Issue Quarterly Dividend of $0.52 on April 10th

Terreno Realty Corporation (NYSE:TRNO) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Friday, March 27th will be given a dividend of 0.52 per share by the real estate investment trust on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, March 27th.

Terreno Realty has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Terreno Realty has a payout ratio of 123.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Terreno Realty to earn $2.87 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 72.5%.

Terreno Realty Price Performance

Shares of NYSE:TRNO opened at $65.17 on Friday. The company has a 50 day moving average of $61.08 and a 200 day moving average of $59.12. The stock has a market cap of $6.74 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.59 and a beta of 1.13. Terreno Realty has a 12 month low of $48.18 and a 12 month high of $69.20. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.27.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.34. The business had revenue of $116.25 million for the quarter, compared to analysts’ expectations of $114.62 million. Terreno Realty had a net margin of 72.41% and a return on equity of 8.27%. As a group, sell-side analysts forecast that Terreno Realty will post 2.64 EPS for the current fiscal year.

Terreno Realty Company Profile

Terreno Realty Corporation (NYSE: TRNO) is a real estate investment trust specializing in the acquisition, ownership and operation of industrial properties in key coastal markets across the United States. The company’s portfolio primarily consists of bulk distribution, warehouse and light-industrial assets that serve a diverse tenant base, including third-party logistics providers, e-commerce companies and manufacturers. Terreno aims to generate stable rental income while pursuing long-term capital appreciation through targeted investment and active asset management.

Terreno focuses on eight major coastal regions, emphasizing markets with strong supply-and-demand fundamentals and barriers to new development.