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.
Receive News & Ratings for Terreno Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Terreno Realty and related companies with MarketBeat.com's FREE daily email newsletter.