Jefferies Group Comments on Terreno Realty’s FY2018 Earnings (TRNO)

Terreno Realty (NYSE:TRNO) – Jefferies Group lifted their FY2018 earnings estimates for Terreno Realty in a research note issued to investors on Wednesday, May 16th. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.31 per share for the year, up from their prior estimate of $1.19. Jefferies Group also issued estimates for Terreno Realty’s FY2019 earnings at $1.39 EPS.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Terreno Realty from a “sell” rating to a “hold” rating in a research report on Saturday, May 5th. B. Riley set a $36.00 price objective on shares of Terreno Realty and gave the company a “hold” rating in a research report on Monday, February 12th. DA Davidson set a $50.00 price objective on shares of Terreno Realty and gave the company a “buy” rating in a research report on Friday, May 4th. National Securities reissued a “buy” rating and issued a $39.00 price objective on shares of Terreno Realty in a research report on Tuesday, May 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $37.00 price objective on shares of Terreno Realty in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $38.64.

Terreno Realty opened at $37.29 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.09 billion, a PE ratio of 33.90, a PEG ratio of 2.96 and a beta of 0.73. Terreno Realty has a 1-year low of $37.28 and a 1-year high of $37.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, July 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $0.88 annualized dividend and a yield of 2.36%. Terreno Realty’s dividend payout ratio is currently 80.73%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in Terreno Realty by 491.6% during the first quarter. Assetmark Inc. now owns 3,526 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 2,930 shares during the period. Advisor Group Inc. grew its stake in Terreno Realty by 111.6% during the fourth quarter. Advisor Group Inc. now owns 5,424 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 2,861 shares during the period. Hsbc Holdings PLC purchased a new stake in Terreno Realty during the first quarter worth approximately $207,000. Guggenheim Capital LLC purchased a new stake in Terreno Realty during the fourth quarter worth approximately $229,000. Finally, USA Financial Portformulas Corp purchased a new stake in Terreno Realty during the fourth quarter worth approximately $280,000. Institutional investors own 99.35% of the company’s stock.

Terreno Realty Company Profile

Terreno Realty Corporation 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 Additional information about Terreno Realty Corporation is available on the company's web site at www.terreno.com.

Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

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