Terreno Realty (NYSE:TRNO) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Terreno Realty (NYSE:TRNO) announced its earnings results on Wednesday. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24, Zacks reports. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%.

Terreno Realty Price Performance

Shares of Terreno Realty stock traded up $0.67 during trading hours on Wednesday, reaching $66.67. The company’s stock had a trading volume of 470,593 shares, compared to its average volume of 842,856. The firm has a 50 day moving average price of $61.18 and a 200-day moving average price of $64.07. 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 stock has a market cap of $6.65 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.74 and a beta of 0.91. Terreno Realty has a one year low of $53.78 and a one year high of $71.63.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.94%. Terreno Realty’s dividend payout ratio (DPR) is currently 107.69%.

Analysts Set New Price Targets

A number of equities analysts recently commented on TRNO shares. 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. Barclays reissued an “equal weight” rating and set a $60.00 price target (down from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Scotiabank decreased their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, BMO Capital Markets assumed coverage on shares of Terreno Realty in a report on Tuesday. They issued a “market perform” rating and a $71.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and an average price target of $67.82.

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.