FY2018 Earnings Forecast for Terreno Realty Co. (TRNO) Issued By Jefferies Group

Terreno Realty Co. (NYSE:TRNO) – Analysts at Jefferies Group raised their FY2018 earnings per share estimates for shares of Terreno Realty in a report issued on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $1.27 per share for the year, up from their prior forecast of $1.20. Jefferies Group has a “Hold” rating and a $34.00 price objective on the stock. Jefferies Group also issued estimates for Terreno Realty’s FY2019 earnings at $1.45 EPS.

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Terreno Realty from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $41.00 target price (up previously from $37.00) on shares of Terreno Realty in a research note on Tuesday, November 7th. KeyCorp reissued a “buy” rating and set a $39.00 target price on shares of Terreno Realty in a research note on Sunday, November 5th. National Securities raised Terreno Realty from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Wednesday, November 22nd. Finally, Sandler O’Neill set a $40.00 price target on Terreno Realty and gave the stock a “buy” rating in a research report on Friday, January 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $38.40.

Terreno Realty (TRNO) traded up $0.43 during mid-day trading on Wednesday, reaching $34.56. The company’s stock had a trading volume of 380,700 shares, compared to its average volume of 270,090. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. The firm has a market capitalization of $1,861.84, a PE ratio of 44.88, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79. Terreno Realty has a one year low of $26.30 and a one year high of $38.54.

Terreno Realty (NYSE:TRNO) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.10. Terreno Realty had a return on equity of 4.83% and a net margin of 33.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Terreno Realty by 8.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 243,183 shares of the real estate investment trust’s stock worth $8,526,000 after buying an additional 19,775 shares during the period. Spirit of America Management Corp NY boosted its position in shares of Terreno Realty by 71.3% during the fourth quarter. Spirit of America Management Corp NY now owns 16,575 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 6,900 shares during the period. Bank of Montreal Can boosted its position in shares of Terreno Realty by 77.5% during the fourth quarter. Bank of Montreal Can now owns 47,194 shares of the real estate investment trust’s stock worth $1,654,000 after buying an additional 20,600 shares during the period. Eii Capital Management Inc. purchased a new position in shares of Terreno Realty during the third quarter worth $820,000. Finally, California Public Employees Retirement System boosted its position in shares of Terreno Realty by 16.1% during the third quarter. California Public Employees Retirement System now owns 99,716 shares of the real estate investment trust’s stock worth $3,608,000 after buying an additional 13,816 shares during the period. Institutional investors and hedge funds own 98.74% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.55%. Terreno Realty’s dividend payout ratio is currently 114.29%.

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About Terreno Realty

Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.

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