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Terreno Realty Corporation (NYSE:TRNO) is a real estate investment trust that acquires, owns, and operates industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.
The company is set to report its Q3 2024 earnings on October 30. Wall Street analysts expect the company to post an EPS of $0.61 from $0.57 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $94.74 million, up from $82.92 million in the year-ago period.
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If You Bought Terreno Realty Stock 10 Years Ago
The company’s stock traded around $18.74 per share 10 years ago. If you had invested $1,000, you could have bought approximately 53 shares of Terreno Realty stock. Currently, shares are trading at $69.22, which means your investment’s value could have soared to $3,694 due to stock price appreciation. But wait, the company also paid dividends during these 10 years.
Terreno Realty’s dividend yield is currently 2.83%. Over the last 10 years, it paid around $11.63 in dividends per share, which means you could have made around $620 from dividends alone.
Summing up $3,694 and $620, we end up with the final value of your investment, which is $4,314. This is how much you could have made if you had invested $1,000 in Terreno Realty stock 10 years ago. This means a total return of 331.4%. In comparison, the S&P 500 total return for the same period is 230.75%.
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What Could The Next 10 Years Bring?
Terreno Realty has a consensus rating of Overweight and a price target of $69.44 based on the ratings of 16 analysts. The price target implies less than 1% potential upside from the current stock price.
Check out this article by Benzinga for five analysts’ insights on Terreno Realty stock.
On Aug. 7, the company reported its Q2 2024 earnings, posting revenues of $94.25 million and an EPS of $0.61. Both figures came in above the consensus estimates.
The company announced an 8.9% dividend increase to $0.49 per share on the same day.
Growth-focused investors may not find Terreno Realty stock attractive, given almost no expected upside potential. Conversely, the stock can be a good option for income-focused investors who benefit from the company’s solid dividend yield and consistent dividend hikes. Terreno Realty has raised its dividend consecutively for the last 13 years.
Check out this article by Benzinga, which highlights three other REITs offering high dividend yields.
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This article If You Invested $1,000 In Terreno Realty Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com
