Equities analysts expect that Terreno Realty Co. (NYSE:TRNO) will announce $51.40 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Terreno Realty’s earnings, with the highest sales estimate coming in at $52.10 million and the lowest estimate coming in at $50.80 million. Terreno Realty reported sales of $45.74 million during the same quarter last year, which indicates a positive year over year growth rate of 12.4%. The firm is expected to report its next quarterly earnings report on Wednesday, August 4th.
According to Zacks, analysts expect that Terreno Realty will report full-year sales of $206.78 million for the current fiscal year, with estimates ranging from $203.50 million to $210.50 million. For the next fiscal year, analysts expect that the firm will report sales of $219.33 million, with estimates ranging from $212.10 million to $232.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Terreno Realty.
Terreno Realty (NYSE:TRNO) last issued its earnings results on Wednesday, February 10th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.18). The firm had revenue of $48.88 million during the quarter, compared to the consensus estimate of $47.73 million. Terreno Realty had a net margin of 44.26% and a return on equity of 5.20%.
Several hedge funds have recently added to or reduced their stakes in TRNO. Better Money Decisions LLC bought a new position in shares of Terreno Realty during the first quarter valued at $28,000. Meeder Asset Management Inc. raised its stake in Terreno Realty by 308.5% during the first quarter. Meeder Asset Management Inc. now owns 866 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 654 shares during the last quarter. Retirement Group LLC bought a new position in Terreno Realty during the fourth quarter worth $52,000. DekaBank Deutsche Girozentrale bought a new position in Terreno Realty during the fourth quarter worth $104,000. Finally, Van ECK Associates Corp raised its stake in Terreno Realty by 23.4% during the third quarter. Van ECK Associates Corp now owns 2,011 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 382 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.
Terreno Realty stock traded up $0.97 during trading hours on Friday, hitting $62.31. The company had a trading volume of 247,810 shares, compared to its average volume of 312,418. The firm has a market cap of $4.33 billion, a PE ratio of 52.36 and a beta of 0.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.32 and a quick ratio of 5.32. Terreno Realty has a one year low of $44.53 and a one year high of $64.87. The firm has a 50-day moving average of $61.56 and a 200 day moving average of $58.71.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 14th. Shareholders of record on Wednesday, June 30th will be given a $0.29 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. Terreno Realty’s dividend payout ratio is currently 84.06%.
About Terreno Realty
Terreno Realty Corporation and together with its subsidiaries, the ÂCompanyÂ) 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 condensed notes to the consolidated financial statements are unaudited.
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