Terreno Realty Corporation Company Profile (NYSE:TRNO)

Terreno Realty Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRNO."

Terreno Realty Corporation declared a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share on Friday, October 20th. This represents a $0.88 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, October 5th. This is a boost from Terreno Realty Corporation's previous quarterly dividend of $0.20. View Terreno Realty Corporation's Dividend History.

Terreno Realty Corporation (NYSE:TRNO) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. The firm had revenue of $32.78 million for the quarter, compared to analyst estimates of $31.72 million. Terreno Realty Corporation had a return on equity of 3.13% and a net margin of 20.91%. View Terreno Realty Corporation's Earnings History.

Terreno Realty Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Terreno Realty Corporation.

8 brokerages have issued 1-year price targets for Terreno Realty Corporation's stock. Their forecasts range from $28.00 to $37.00. On average, they anticipate Terreno Realty Corporation's stock price to reach $33.00 in the next year. View Analyst Ratings for Terreno Realty Corporation.

Here are some recent quotes from research analysts about Terreno Realty Corporation stock:

• 1. National Securities analysts commented, "TRNO 2Q17 Recap: With TRNO’s shares near recent all-time highs and having appreciated 59.2% from $20.12 where we initially rated the stock a BUY in a 7/28/15 initiation note, its current 28.42x 2018 P/FFO estimate is at a staggering 40.7% premium to the industrial REIT sector median multiple of 20.20x and appears fully valued. As such, we are maintaining our NEUTRAL rating and adjusting our price target to $35.
  
  With industrial real estate prices up significantly and TRNO’s highly attractive acquisition vintage profile, we expect management to continue to harvest gains in 2017 and 2018 and recycle capital. The future remains bright for TRNO and we continue to favor industrial REIT operators formed >2010, as their portfolios are absent legacy assets and more attractive on a relative basis.
  " (8/21/2017)
• 2. According to Zacks Investment Research, "Terreno Realty Corporation is an internally managed real estate investment trust (REIT) focused on acquiring industrial real estate located in major coastal U.S. markets. The Company's main focus is on markets in Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore. Terreno Realty Corporation focuses on investing in several types of industrial real estate, including warehouse/distribution, flex (including light manufacturing, and research and development) and trans-shipment. The Company will target functional buildings in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets, in which it operates. The Company will utilize local third-party property managers for day-to-day property management. Terreno Realty Corporationy will make all operating and leasing decisions on its properties. " (5/6/2017)

Some companies that are related to Terreno Realty Corporation include Validus Holdings (VR), Life Storage (LSI), United Bankshares (UBSI), Equity Commonwealth (EQC), CoreSite Realty Corporation (COR), First Industrial Realty Trust (FR), BankUnited (BKU), PS Business Parks (PSB), Chimera Investment Corporation (CIM), Man Group PLC (MNGPY), Associated Banc-Corp (ASB), Sunstone Hotel Investors (SHO), Two Harbors Investments Corp (TWO), Legg Mason (LM), Chemical Financial Corporation (CHFC), BBVA Banco Frances S.A. (BFR), UMB Financial Corporation (UMBF) and Primerica (PRI).

Terreno Realty Corporation's management team includes the folowing people:

• W. Blake Baird, Chairman of the Board and Chief Executive Officer
• Michael A. Coke CPA, President and Director
• Jaime Jackson Cannon, Chief Financial Officer and Executive Vice President
• Andrew Thomas Burke, Executive Vice President
• John Tull Meyer, Executive Vice President
• Douglas M. Pasquale, Lead Independent Director
• LeRoy E. Carlson, Independent Director
• Peter J. Merlone, Independent Director
• Dennis J. Polk, Independent Director

Terreno Realty Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (13.56%), Vanguard Group Inc. (10.85%), BlackRock Inc. (10.57%), APG Asset Management US Inc. (3.38%), Schroder Investment Management Group (2.81%) and Goldman Sachs Group Inc. (2.54%). View Institutional Ownership Trends for Terreno Realty Corporation.

Terreno Realty Corporation's stock was sold by a variety of institutional investors in the last quarter, including Uniplan Investment Counsel Inc., Voya Investment Management LLC, Resolution Capital Ltd, Davis Selected Advisers, Goldman Sachs Group Inc., Schroder Investment Management Group, Thrivent Financial For Lutherans and Pax World Management LLC. View Insider Buying and Selling for Terreno Realty Corporation.

Terreno Realty Corporation's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Renaissance Technologies LLC, Chevy Chase Trust Holdings Inc., Granite Investment Partners LLC, AJO LP, Vanguard Group Inc., William Blair Investment Management LLC and Janus Henderson Group PLC. View Insider Buying and Selling for Terreno Realty Corporation.

Shares of Terreno Realty Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Terreno Realty Corporation stock can currently be purchased for approximately $36.35.