Terreno Realty (TRNO) Expected to Announce Quarterly Earnings on Wednesday

Terreno Realty (NYSE:TRNO) is projected to issue its quarterly earnings data 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 posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The firm had revenue of $99.64 million for the quarter, compared to analysts’ expectations 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 Price Performance

Shares of TRNO stock opened at $65.27 on Tuesday. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a market capitalization of $6.51 billion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.74 and a beta of 0.91. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $60.99 and a 200-day simple moving average of $64.09.

Terreno Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th were paid 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 dividend payout ratio is presently 107.69%.

Analyst Upgrades and Downgrades

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