Terreno Realty (NYSE:TRNO) Posts Earnings Results, Misses Expectations By $0.24 EPS

Terreno Realty (NYSE:TRNO) posted its quarterly earnings data 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 return on equity of 5.08% and a net margin of 45.69%. The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $96.31 million.

Terreno Realty Stock Performance

Terreno Realty stock traded up $1.58 during trading hours on Friday, hitting $62.00. The stock had a trading volume of 769,245 shares, compared to its average volume of 709,786. The company has a 50-day moving average of $65.30 and a two-hundred day moving average of $62.69. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24. 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 PE ratio of 34.07, a price-to-earnings-growth ratio of 2.76 and a beta of 0.90.

Terreno Realty Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on the company. JMP Securities raised their target price on Terreno Realty from $65.00 to $72.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 13th. Barclays lowered their target price on Terreno Realty from $69.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. StockNews.com cut shares of Terreno Realty from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Wolfe Research upgraded shares of Terreno Realty to a “hold” rating in a research note on Sunday, September 22nd. Finally, Wedbush reissued a “neutral” rating and set a $70.00 target price (up previously from $57.00) on shares of Terreno Realty in a research note on Friday, August 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.22.

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.