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

Terreno Realty (NYSE:TRNO) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24, Zacks reports. Terreno Realty had a net margin of 45.37% and a return on equity of 4.94%.

Terreno Realty Price Performance

Terreno Realty stock traded up $0.67 during midday trading on Wednesday, reaching $66.67. The company had a trading volume of 470,593 shares, compared to its average volume of 842,856. The firm’s fifty day simple moving average is $61.18 and its 200-day simple moving average is $64.07. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.71 and a quick ratio of 2.71. The company has a market capitalization of $6.65 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.74 and a beta of 0.91.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.94%. Terreno Realty’s dividend payout ratio is currently 107.69%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRNO shares. BMO Capital Markets initiated coverage on shares of Terreno Realty in a research note on Tuesday. They set a “market perform” rating and a $71.00 price target on the stock. Barclays reiterated an “equal weight” rating and issued a $60.00 price objective (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $60.00 price target on the stock. StockNews.com downgraded shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $72.00 price objective on shares of Terreno Realty in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Terreno Realty presently has an average rating of “Hold” and a consensus price target of $67.82.

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.