Q3 2019 Earnings Estimate for Terreno Realty Co. (NYSE:TRNO) Issued By KeyCorp

Terreno Realty Co. (NYSE:TRNO) – Stock analysts at KeyCorp reduced their Q3 2019 earnings estimates for Terreno Realty in a research report issued on Thursday, August 1st. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.35. KeyCorp has a “Overweight” rating and a $52.00 price target on the stock. KeyCorp also issued estimates for Terreno Realty’s Q4 2019 earnings at $0.33 EPS, FY2019 earnings at $1.30 EPS, Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.37 EPS, Q4 2020 earnings at $0.39 EPS and FY2020 earnings at $1.45 EPS.

TRNO has been the subject of a number of other reports. Goldman Sachs Group started coverage on shares of Terreno Realty in a research note on Wednesday, May 15th. They set a “buy” rating and a $49.00 target price for the company. Mitsubishi UFJ Financial Group upped their price target on shares of Terreno Realty to $45.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. ValuEngine lowered shares of Terreno Realty from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Terreno Realty from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $49.25.

Terreno Realty stock opened at $48.37 on Monday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $49.08. Terreno Realty has a 52-week low of $33.52 and a 52-week high of $50.79.

Several large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of Terreno Realty by 7.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 42,981 shares of the real estate investment trust’s stock worth $2,108,000 after buying an additional 3,100 shares during the period. Swiss National Bank boosted its holdings in shares of Terreno Realty by 5.6% during the 2nd quarter. Swiss National Bank now owns 113,800 shares of the real estate investment trust’s stock worth $5,581,000 after buying an additional 6,000 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Terreno Realty by 5.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 82,136 shares of the real estate investment trust’s stock worth $4,028,000 after buying an additional 4,094 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Terreno Realty by 5.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 984,882 shares of the real estate investment trust’s stock worth $48,299,000 after buying an additional 53,852 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Terreno Realty by 13.2% during the 2nd quarter. Aperio Group LLC now owns 18,663 shares of the real estate investment trust’s stock worth $915,000 after buying an additional 2,171 shares during the period.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a $0.27 dividend. This is a positive change from Terreno Realty’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, October 3rd.

Terreno Realty Company Profile

Terreno Realty Corporation 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

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Earnings History and Estimates for Terreno Realty (NYSE:TRNO)

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