Terreno Realty Co. (NYSE:TRNO) – Equities researchers at DA Davidson increased their FY2019 earnings per share estimates for shares of Terreno Realty in a report released on Wednesday, February 12th. DA Davidson analyst B. Oxford now expects that the real estate investment trust will earn $1.52 per share for the year, up from their previous forecast of $1.40. DA Davidson currently has a “Buy” rating on the stock. DA Davidson also issued estimates for Terreno Realty’s Q4 2019 earnings at $0.37 EPS and FY2020 earnings at $1.67 EPS.
Several other equities analysts have also issued reports on the company. KeyCorp lifted their target price on Terreno Realty from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Zacks Investment Research lowered Terreno Realty from a “buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, BTIG Research lifted their target price on Terreno Realty from to and gave the company a “buy” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $56.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $1.08 annualized dividend and a yield of 1.75%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of Terreno Realty by 460.7% during the first quarter. First Trust Advisors LP now owns 62,196 shares of the real estate investment trust’s stock worth $2,615,000 after purchasing an additional 51,104 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Terreno Realty by 33.1% in the second quarter. Bank of America Corp DE now owns 87,804 shares of the real estate investment trust’s stock valued at $4,306,000 after acquiring an additional 21,849 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Terreno Realty by 0.6% in the second quarter. BlackRock Inc. now owns 5,771,410 shares of the real estate investment trust’s stock valued at $283,030,000 after acquiring an additional 36,445 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Terreno Realty by 74.0% in the third quarter. Pacer Advisors Inc. now owns 21,235 shares of the real estate investment trust’s stock valued at $1,085,000 after acquiring an additional 9,032 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Terreno Realty by 177.9% in the third quarter. Nisa Investment Advisors LLC now owns 16,393 shares of the real estate investment trust’s stock valued at $838,000 after acquiring an additional 10,495 shares in the last quarter.
About Terreno Realty
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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