Terreno Realty (NYSE:TRNO) Announces Quarterly Earnings Results

Terreno Realty (NYSE:TRNO - Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.24), Zacks reports. The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%.

Terreno Realty Stock Up 2.6 %

TRNO traded up $1.58 on Friday, hitting $62.00. 769,245 shares of the company were exchanged, compared to its average volume of 709,786. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.34 and a current ratio of 2.34. The stock's fifty day moving average is $65.30 and its 200-day moving average is $62.73. The company has a market cap of $6.18 billion, a PE ratio of 34.07, a PEG ratio of 2.76 and a beta of 0.90. Terreno Realty has a 12 month low of $53.23 and a 12 month high of $71.63.

Terreno Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, December 13th. Terreno Realty's payout ratio is 107.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TRNO shares. StockNews.com lowered shares of Terreno Realty from a "hold" rating to a "sell" rating in a report on Friday, October 11th. Wedbush reaffirmed a "neutral" rating and issued a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Barclays reduced their price target on shares of Terreno Realty from $69.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. JMP Securities lifted their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a "market outperform" rating in a report on Tuesday, August 13th. Finally, Mizuho restated an "underperform" rating and issued a $62.00 price target on shares of Terreno Realty in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Terreno Realty presently has an average rating of "Hold" and an average price target of $69.22.

About Terreno Realty

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.