Media coverage about Terreno Realty Corporation (NYSE:TRNO) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Terreno Realty Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.0141742493435 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research analysts have weighed in on the stock. BidaskClub cut shares of Terreno Realty Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price target (up from $34.50) on shares of Terreno Realty Corporation in a research report on Wednesday, August 9th. KeyCorp reaffirmed a “buy” rating on shares of Terreno Realty Corporation in a research report on Wednesday, September 6th. National Securities lifted their price target on shares of Terreno Realty Corporation from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, August 21st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $35.00 price target (up from $29.00) on shares of Terreno Realty Corporation in a research report on Friday, June 23rd. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.71.
Shares of Terreno Realty Corporation (TRNO) traded down 1.19% on Friday, reaching $36.55. 950,903 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $35.51 and its 200-day moving average price is $32.13. The company has a market capitalization of $1.90 billion, a P/E ratio of 77.11 and a beta of 0.82. Terreno Realty Corporation has a 12 month low of $24.81 and a 12 month high of $37.40.
Terreno Realty Corporation (NYSE:TRNO) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. The firm had revenue of $32.78 million during the quarter, compared to analyst estimates of $31.72 million. On average, equities analysts anticipate that Terreno Realty Corporation will post $0.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. This is an increase from Terreno Realty Corporation’s previous quarterly dividend of $0.20. Terreno Realty Corporation’s dividend payout ratio is currently 173.91%.
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Terreno Realty Corporation Company Profile
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
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