FY2025 EPS Estimates for Terreno Realty Decreased by Wedbush

Terreno Realty Co. (NYSE:TRNO) – Research analysts at Wedbush decreased their FY2025 earnings per share estimates for Terreno Realty in a note issued to investors on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $2.65 per share for the year, down from their previous estimate of $2.67. The consensus estimate for Terreno Realty’s current full-year earnings is $2.64 per share.

Terreno Realty (NYSE:TRNO) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%.

Several other analysts have also weighed in on TRNO. BMO Capital Markets upped their target price on Terreno Realty from $71.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday. Scotiabank lowered their target price on Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Barclays reissued an “equal weight” rating and issued a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a report on Monday, January 13th. Piper Sandler decreased their price objective on Terreno Realty from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Terreno Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Terreno Realty currently has an average rating of “Hold” and a consensus price target of $68.45.

Terreno Realty Stock Down 0.9 %

Terreno Realty stock opened at $66.74 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.71 and a current ratio of 0.23. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91. Terreno Realty has a fifty-two week low of $53.78 and a fifty-two week high of $71.63. The stock’s fifty day moving average is $62.10 and its two-hundred day moving average is $64.07.

Institutional Trading of Terreno Realty

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Terreno Realty by 10.8% in the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after buying an additional 1,484,301 shares during the last quarter. FMR LLC boosted its stake in Terreno Realty by 5.9% in the 4th quarter. FMR LLC now owns 11,227,373 shares of the real estate investment trust’s stock worth $663,987,000 after buying an additional 628,116 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Terreno Realty by 4.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,145,502 shares of the real estate investment trust’s stock worth $304,305,000 after purchasing an additional 210,696 shares during the period. Geode Capital Management LLC raised its holdings in shares of Terreno Realty by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,434,904 shares of the real estate investment trust’s stock worth $144,031,000 after purchasing an additional 19,900 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Terreno Realty by 51.6% in the 4th quarter. Northern Trust Corp now owns 1,845,621 shares of the real estate investment trust’s stock worth $109,150,000 after purchasing an additional 628,065 shares during the period.

Terreno Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s payout ratio is 102.08%.

About Terreno Realty

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.