Earnings and Growth Analysis : Terreno Realty (NYSE:TRNO)

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Earnings results for Terreno Realty (NYSE:TRNO)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.35 and remained the same over the past month at 0.35. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.43 and increased over the past month from 1.42 to 1.43(0.70%). Of the 2 analysts making yearly forecasts, 2raised and none lowered their forecast.

Terreno Realty last posted its earnings data on May 6th, 2020. The real estate investment trust reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $45.12 million for the quarter, compared to analysts’ expectations of $45.40 million. Terreno Realty has generated $1.38 earnings per share over the last year and currently has a price-to-earnings ratio of 73.7. Terreno Realty has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, August 12th, 2020 based off prior year’s report dates.

Analyst Opinion on Terreno Realty (NYSE:TRNO)

6 Wall Street analysts have issued ratings and price targets for Terreno Realty in the last 12 months. Their average twelve-month price target is $61.40, suggesting that the stock has a possible upside of 5.41%. The high price target for TRNO is $69.00 and the low price target for TRNO is $53.00. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Terreno Realty has received a consensus rating of Buy. The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $61.40, Terreno Realty has a potential upside of 5.4% from its current price of $58.25. Terreno Realty has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Terreno Realty (NYSE:TRNO)

Terreno Realty pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends. Terreno Realty has only been increasing its dividend for 4 years. The dividend payout ratio of Terreno Realty is 78.26%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Terreno Realty will have a dividend payout ratio of 70.13% next year. This indicates that Terreno Realty will be able to sustain or increase its dividend.

Insiders buying/selling: Terreno Realty (NYSE:TRNO)

In the past three months, Terreno Realty insiders have not sold or bought any company stock. Only 2.40% of the stock of Terreno Realty is held by insiders.

Earnings and Valuation of Terreno Realty (NYSE:TRNO

Earnings for Terreno Realty are expected to grow by 7.69% in the coming year, from $1.43 to $1.54 per share. The P/E ratio of Terreno Realty is 73.74, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.09. The P/E ratio of Terreno Realty is 73.74, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.08. Terreno Realty has a P/B Ratio of 2.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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