FY2025 EPS Estimates for Terreno Realty Lifted by Analyst

Terreno Realty Co. (NYSE:TRNO - Free Report) - Investment analysts at Wedbush lifted their FY2025 earnings estimates for shares of Terreno Realty in a report issued on Monday, November 11th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $2.67 for the year, up from their prior forecast of $2.65. Wedbush has a "Neutral" rating and a $70.00 price objective on the stock. The consensus estimate for Terreno Realty's current full-year earnings is $2.41 per share.

TRNO has been the subject of several other reports. Scotiabank lowered 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. JMP Securities raised their target price on shares of Terreno Realty from $65.00 to $72.00 and gave the company a "market outperform" rating in a report on Tuesday, August 13th. StockNews.com cut shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Wells Fargo & Company lowered shares of Terreno Realty from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $71.00 to $75.00 in a report on Wednesday, August 28th. Finally, Wolfe Research upgraded shares of Terreno Realty to a "hold" rating in a research note on Sunday, September 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $69.22.

Terreno Realty Stock Down 1.3 %

Terreno Realty stock traded down $0.78 during mid-day trading on Tuesday, reaching $61.25. 279,294 shares of the company's stock were exchanged, compared to its average volume of 707,584. The company has a fifty day moving average of $65.16 and a 200-day moving average of $62.84. The company has a market cap of $6.11 billion, a P/E ratio of 34.08, a P/E/G ratio of 2.86 and a beta of 0.90. The company has a quick ratio of 2.34, a current ratio of 2.71 and a debt-to-equity ratio of 0.20. Terreno Realty has a twelve month low of $53.23 and a twelve month high of $71.63.

Terreno Realty (NYSE:TRNO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.24). The business had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a return on equity of 4.94% and a net margin of 45.37%.

Terreno Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Friday, December 13th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.20%. Terreno Realty's dividend payout ratio is presently 107.69%.

Institutional Trading of Terreno Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Terreno Realty by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 12,981,741 shares of the real estate investment trust's stock worth $861,988,000 after purchasing an additional 919,851 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Terreno Realty by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,162,332 shares of the real estate investment trust's stock valued at $276,381,000 after acquiring an additional 291,051 shares during the period. American Century Companies Inc. boosted its position in shares of Terreno Realty by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 2,150,842 shares of the real estate investment trust's stock worth $127,287,000 after purchasing an additional 146,808 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Terreno Realty by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,727,893 shares of the real estate investment trust's stock worth $115,475,000 after purchasing an additional 315,506 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Terreno Realty by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,383,262 shares of the real estate investment trust's stock valued at $81,862,000 after purchasing an additional 103,833 shares in the last quarter.

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.