Wedbush Has Negative View of Terreno Realty FY2025 Earnings

Terreno Realty Co. (NYSE:TRNO) – Equities research analysts at Wedbush dropped their FY2025 earnings per share estimates for Terreno Realty in a research note issued on Monday, February 10th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings per share of $2.65 for the year, down from their previous forecast of $2.67. The consensus estimate for Terreno Realty’s current full-year earnings is $2.64 per share.

Other equities research analysts have also issued reports about the company. JMP Securities restated a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a research report on Monday. Piper Sandler cut their target price on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. BMO Capital Markets lifted their price target on Terreno Realty from $71.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday. Barclays reissued 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. Finally, Scotiabank reduced their target price on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty presently has a consensus rating of “Hold” and an average price target of $68.45.

Terreno Realty Stock Down 0.6 %

Shares of NYSE TRNO opened at $66.52 on Thursday. The stock has a market cap of $6.64 billion, a PE ratio of 34.65, a P/E/G ratio of 2.85 and a beta of 0.91. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24. Terreno Realty has a 12-month low of $53.78 and a 12-month high of $71.63. The company has a 50-day moving average of $61.81 and a 200 day moving average of $64.03.

Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.24. Terreno Realty had a net margin of 48.18% and a return on equity of 5.20%.

Institutional Trading of Terreno Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRNO. Vanguard Group Inc. raised its holdings in shares of Terreno Realty by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock valued at $902,293,000 after buying an additional 1,484,301 shares during the period. FMR LLC grew its position in Terreno Realty by 16.4% in the 3rd quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock valued at $708,348,000 after acquiring an additional 1,496,666 shares in the last quarter. Geode Capital Management LLC increased its stake in Terreno Realty by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock worth $144,031,000 after purchasing an additional 19,900 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Terreno Realty by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust’s stock worth $108,729,000 after purchasing an additional 110,610 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Terreno Realty by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust’s stock valued at $76,183,000 after purchasing an additional 14,995 shares during the period.

Terreno Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.49 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 2.95%. Terreno Realty’s dividend payout ratio (DPR) is presently 102.08%.

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.