Terreno Realty Co. (NYSE:TRNO – Free Report) – Inventory analysts at Wedbush upped their FY2024 earnings per share (EPS) estimates for Terreno Realty in a notice issued to buyers on Monday, November eleventh. Wedbush analyst R. Anderson now forecasts that the actual property funding belief will submit earnings per share of $2.43 for the yr, up from their earlier forecast of $2.41. Wedbush has a “Impartial” ranking and a $70.00 worth goal on the inventory. The consensus estimate for Terreno Realty’s present full-year earnings is $2.41 per share. Wedbush additionally issued estimates for Terreno Realty’s This fall 2024 earnings at $0.63 EPS.
Terreno Realty (NYSE:TRNO – Get Free Report) final issued its quarterly earnings information on Wednesday, November sixth. The actual property funding belief reported $0.37 earnings per share for the quarter, lacking the consensus estimate of $0.61 by ($0.24). Terreno Realty had a web margin of 45.37% and a return on fairness of 4.94%. The agency had income of $99.64 million throughout the quarter, in comparison with the consensus estimate of $96.31 million.
A number of different analysts additionally not too long ago weighed in on TRNO. Wells Fargo & Firm downgraded Terreno Realty from an “obese” ranking to an “equal weight” ranking and lifted their goal worth for the corporate from $71.00 to $75.00 in a analysis notice on Wednesday, August twenty eighth. Scotiabank decreased their worth goal on shares of Terreno Realty from $70.00 to $67.00 and set a “sector carry out” ranking for the corporate in a report on Friday, October twenty fifth. Mizuho reissued an “underperform” ranking and set a $62.00 goal worth on shares of Terreno Realty in a analysis notice on Thursday, September fifth. The Goldman Sachs Group upped their worth goal on shares of Terreno Realty from $60.00 to $68.00 and gave the inventory a “impartial” ranking in a analysis notice on Monday, August twelfth. Lastly, Barclays lowered their worth goal on shares of Terreno Realty from $69.00 to $68.00 and set an “obese” ranking on the inventory in a analysis notice on Monday, October twenty eighth. Two analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and 4 have issued a purchase ranking to the inventory. Primarily based on information from MarketBeat.com, Terreno Realty presently has a consensus ranking of “Maintain” and a consensus goal worth of $69.22.
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Terreno Realty Inventory Efficiency
Shares of NYSE TRNO opened at $60.85 on Wednesday. Terreno Realty has a 12-month low of $53.78 and a 12-month excessive of $71.63. The corporate has a market cap of $6.07 billion, a PE ratio of 33.43, a P/E/G ratio of two.81 and a beta of 0.90. The inventory has a 50 day easy shifting common of $64.86 and a 200-day easy shifting common of $62.88. The corporate has a present ratio of two.71, a fast ratio of two.71 and a debt-to-equity ratio of 0.20.
Institutional Traders Weigh In On Terreno Realty
Massive buyers have not too long ago modified their holdings of the inventory. V Sq. Quantitative Administration LLC acquired a brand new stake in shares of Terreno Realty throughout the third quarter value $26,000. Assetmark Inc. raised its holdings in Terreno Realty by 2,381.3% throughout the third quarter. Assetmark Inc. now owns 397 shares of the actual property funding belief’s inventory value $27,000 after shopping for an extra 381 shares throughout the interval. Ashton Thomas Personal Wealth LLC bought a brand new stake in Terreno Realty throughout the second quarter valued at about $48,000. EntryPoint Capital LLC boosted its holdings in shares of Terreno Realty by 80.3% within the first quarter. EntryPoint Capital LLC now owns 941 shares of the actual property funding belief’s inventory value $62,000 after shopping for an extra 419 shares throughout the interval. Lastly, Worldwide Property Funding Administration LLC elevated its place in shares of Terreno Realty by 6,580.0% within the third quarter. Worldwide Property Funding Administration LLC now owns 1,002 shares of the actual property funding belief’s inventory value $67,000 after buying an extra 987 shares within the final quarter.
Terreno Realty Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which might be paid on Tuesday, January seventh. Shareholders of report on Friday, December thirteenth might be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, December thirteenth. This represents a $1.96 annualized dividend and a dividend yield of three.22%. Terreno Realty’s dividend payout ratio is at present 107.69%.
Terreno Realty Firm Profile
Terreno Realty Company (Terreno, and along with its subsidiaries, the Firm) acquires, owns and operates industrial actual property in six main coastal U.S. markets: Los Angeles, Northern New Jersey/New York Metropolis, San Francisco Bay Space, Seattle, Miami, and Washington, DC All sq. ft, acres, occupancy and variety of properties disclosed in these notes to the consolidated monetary statements are unaudited.
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