Terreno Realty Corporation (NYSE:TRNO) Declares Dividend Increase - $0.52 Per Share

Key Points

• Terreno Realty Corporation declared a quarterly dividend of $0.52 per share, representing a 6.1% increase from its previous dividend of $0.49.
• The company has a payout ratio of 116.0%, indicating it is currently relying on its balance sheet to cover its dividend payments.
• Despite recent trading down to $54.63, Terreno Realty's stock has a market capitalization of $5.65 billion and remains within the range of its fifty-two week low and high of $48.18 and $71.63, respectively.

Terreno Realty Corporation (NYSE:TRNO - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Monday, September 29th will be given a dividend of 0.52 per share by the real estate investment trust on Friday, October 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a 6.1% increase from Terreno Realty's previous quarterly dividend of $0.49.

Terreno Realty has a payout ratio of 116.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Terreno Realty to earn $2.87 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 68.3%.

Terreno Realty Price Performance

Shares of TRNO traded down $0.85 during trading hours on Wednesday, reaching $54.63. 640,372 shares of the company traded hands, compared to its average volume of 924,398. Terreno Realty has a fifty-two week low of $48.18 and a fifty-two week high of $71.63. The stock has a market capitalization of $5.65 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.34 and a beta of 1.02. The stock has a fifty day simple moving average of $57.19 and a 200 day simple moving average of $60.18. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.20.

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.

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