Terreno Realty (NYSE:TRNO) Releases Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Terreno Realty (NYSE:TRNOGet Free Report) announced its 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. Terreno Realty had a net margin of 45.69% and a return on equity of 5.08%. The company had revenue of $99.64 million for the quarter, compared to analyst estimates of $96.31 million.

Terreno Realty Stock Up 2.6 %

TRNO traded up $1.58 during trading hours on Friday, reaching $62.00. 769,245 shares of the stock traded hands, compared to its average volume of 709,786. Terreno Realty has a fifty-two week low of $53.23 and a fifty-two week high of $71.63. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The firm’s fifty day simple moving average is $65.30 and its two-hundred day simple moving average is $62.69.

Terreno Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 13th will be paid a $0.49 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.16%. Terreno Realty’s dividend payout ratio (DPR) is presently 107.69%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Scotiabank dropped their price objective 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. JMP Securities lifted their price target on shares of Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 13th. Wolfe Research raised shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Wells Fargo & Company cut shares of Terreno Realty from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $71.00 to $75.00 in a research note on Wednesday, August 28th. Finally, The Goldman Sachs Group lifted their target price on Terreno Realty from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Terreno Realty presently has a consensus rating of “Hold” and a consensus price target of $69.22.

Read Our Latest Analysis on Terreno Realty

Terreno Realty Company Profile

(Get Free Report)

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.

See Also

Earnings History for Terreno Realty (NYSE:TRNO)

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