Terreno Realty Corporation (NYSE:TRNO) Declares Quarterly Dividend of $0.57

Terreno Realty Corporation (NYSE:TRNO) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, December 15th will be given a dividend of $0.57 per share by the real estate investment trust on Friday, January 8th. This represents a $2.28 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, December 15th.

Terreno Realty has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 5 years. Terreno Realty has a payout ratio of 134.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Terreno Realty to earn $3.08 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 74.0%.

Terreno Realty Stock Performance

Terreno Realty stock opened at $68.01 on Thursday. The firm has a market capitalization of $7.41 billion, a PE ratio of 18.23 and a beta of 0.98. Terreno Realty has a one year low of $57.71 and a one year high of $78.94. The stock’s 50 day moving average price is $65.53 and its 200 day moving average price is $65.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.43 and a current ratio of 0.43.

Terreno Realty (NYSE:TRNO) last issued its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.27. Terreno Realty had a net margin of 77.22% and a return on equity of 9.21%. The company had revenue of $132.23 million during the quarter, compared to the consensus estimate of $128.72 million. As a group, sell-side analysts expect that Terreno Realty will post 2.84 EPS for the current fiscal year.

About Terreno Realty

Terreno Realty Corporation is a real estate investment trust that owns, operates, and invests in industrial properties. The company primarily targets functional, well-located properties serving distribution, logistics, and other industrial uses in densely populated coastal markets.

Terreno’s portfolio generally includes warehouse, transshipment, and industrial-flex properties, as well as improved land and other assets that support industrial operations. Its activities include acquiring properties, leasing available space to tenants, and managing, developing, and redeveloping properties to enhance their utility and value.

The company focuses on major U.S.