Wedbush Has Negative View of Terreno Realty FY2025 Earnings

Terreno Realty Co. (NYSE:TRNO) – Investment analysts at Wedbush reduced their FY2025 earnings per share (EPS) estimates for shares of 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 post earnings of $2.65 per share for the year, down from their previous forecast of $2.67. The consensus estimate for Terreno Realty’s current full-year earnings is $2.64 per share.

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

A number of other equities analysts also recently commented on the stock. Piper Sandler lowered their target price on shares of Terreno Realty from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Terreno Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $60.00 price objective for the company. Barclays reissued an “equal weight” rating and set a $60.00 target price (down previously from $68.00) on shares of Terreno Realty in a research report on Monday, January 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $72.00 price target on shares of Terreno Realty in a report on Monday. Finally, Scotiabank cut their price objective on shares of Terreno Realty from $70.00 to $67.00 and set a “sector perform” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Terreno Realty currently has an average rating of “Hold” and a consensus price target of $68.45.

Terreno Realty Price Performance

Shares of TRNO opened at $66.52 on Thursday. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.85 and a beta of 0.91. The firm’s fifty day simple moving average is $61.81 and its 200-day simple moving average is $64.03. Terreno Realty has a twelve month low of $53.78 and a twelve month high of $71.63. The company has a current ratio of 0.23, a quick ratio of 2.71 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Terreno Realty

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its holdings in shares of Terreno Realty by 16.4% during the third quarter. FMR LLC now owns 10,599,257 shares of the real estate investment trust’s stock worth $708,348,000 after purchasing an additional 1,496,666 shares during the period. Vanguard Group Inc. increased its stake in shares of Terreno Realty by 10.8% during the fourth quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust’s stock worth $902,293,000 after acquiring an additional 1,484,301 shares during the period. Norges Bank acquired a new position in shares of Terreno Realty during the fourth quarter worth about $58,818,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Terreno Realty by 339.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 611,128 shares of the real estate investment trust’s stock worth $40,842,000 after purchasing an additional 472,125 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Terreno Realty by 59.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,054,516 shares of the real estate investment trust’s stock valued at $70,473,000 after purchasing an additional 394,436 shares during the period.

Terreno Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, March 27th. Terreno Realty’s payout ratio is currently 102.08%.

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.