FY2025 EPS Estimates for Terreno Realty Reduced by Analyst

Terreno Realty Co. (NYSE:TRNO - Free Report) - Investment analysts at Wedbush cut their FY2025 earnings per share (EPS) estimates for Terreno Realty in a report issued on Monday, February 10th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $2.65 for the year, down from their prior forecast of $2.67. The consensus estimate for Terreno Realty's current full-year earnings is $2.64 per share.

A number of other research firms also recently weighed in on TRNO. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $60.00 target price on the stock. Piper Sandler lowered their price objective on Terreno Realty from $80.00 to $78.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Scotiabank cut their target price on Terreno Realty from $70.00 to $67.00 and set a "sector perform" rating for the company in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, February 12th. Finally, JMP Securities reiterated a "market outperform" rating and set a $72.00 price objective on shares of Terreno Realty in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $68.45.

Terreno Realty Stock Performance

TRNO stock traded down $0.59 during trading on Thursday, reaching $66.74. 617,736 shares of the stock were exchanged, compared to its average volume of 803,422. 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 $6.66 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. The stock has a 50 day simple moving average of $62.24 and a 200-day simple moving average of $64.00. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24.

Terreno Realty (NYSE:TRNO - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TRNO. FMR LLC raised its holdings in shares of Terreno Realty by 16.4% in the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust's stock valued at $708,348,000 after buying an additional 1,496,666 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Terreno Realty by 10.8% in the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock valued at $902,293,000 after buying an additional 1,484,301 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Terreno Realty by 287.6% in the fourth quarter. Deutsche Bank AG now owns 1,546,406 shares of the real estate investment trust's stock valued at $91,454,000 after buying an additional 1,147,404 shares during the last quarter. Norges Bank bought a new stake in Terreno Realty during the 4th quarter worth about $58,818,000. Finally, Northern Trust Corp raised its holdings in Terreno Realty by 51.6% during the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust's stock worth $109,150,000 after purchasing an additional 628,065 shares during the last quarter.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.94%. Terreno Realty's dividend payout ratio is 102.08%.

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.