Lowest-Rated StocksLowest-RatedNYSE:TCN Tricon Residential (TCN) Stock Price, News & Analysis → The Worst is Yet to Come… (From Porter & Company) (Ad) Free TCN Stock Alerts $11.25 +0.02 (+0.18%) (As of 05/1/2024) Add Compare Share Share Today's Range$11.23▼$11.2550-Day Range$10.95▼$11.2552-Week Range$6.53▼$11.25Volume36.63 million shsAverage Volume7.95 million shsMarket Capitalization$3.34 billionP/E Ratio38.79Dividend Yield2.04%Price Target$10.47 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Get Tricon Residential alerts: Email Address Tricon Residential MarketRank™ Stock AnalysisAnalyst RatingHold2.13 Rating ScoreUpside/Downside6.9% Downside$10.47 Price TargetShort InterestHealthy1.91% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth8.20%From $0.61 to $0.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.69 out of 5 starsFinance Sector650th out of 830 stocksReal Estate Operators (Except Developers) & Lessors Industry3rd out of 3 stocks 1.1 Analyst's Opinion Consensus RatingTricon Residential has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.Amount of Analyst CoverageTricon Residential has received no research coverage in the past 90 days.Read more about Tricon Residential's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.91% of the float of Tricon Residential has been sold short.Short Interest Ratio / Days to CoverTricon Residential has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tricon Residential has recently increased by 61.13%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTricon Residential does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tricon Residential is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Tricon Residential will have a dividend payout ratio of 34.85% next year. This indicates that Tricon Residential will be able to sustain or increase its dividend.Read more about Tricon Residential's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCN. Previous Next 1.1 News and Social Media Coverage Search Interest2 people have searched for TCN on MarketBeat in the last 30 days. MarketBeat Follows4 people have added Tricon Residential to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tricon Residential insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.00% of the stock of Tricon Residential is held by insiders.Percentage Held by Institutions62.28% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Tricon Residential's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Tricon Residential are expected to grow by 8.20% in the coming year, from $0.61 to $0.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tricon Residential is 38.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.42.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 38.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 55.45.Price to Book Value per Share RatioTricon Residential has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceMust-See: Elon’s New Invention is Absolutely InsaneCould Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… About Tricon Residential Stock (NYSE:TCN)Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto, Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon's culture and business philosophy. We provide high-quality rental housing options for families across the United States and in Toronto, Canada through our technology-enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life's potential.Read More TCN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCN Stock News HeadlinesMay 1, 2024 | businesswire.comBlackstone Real Estate Completes Privatization of TriconApril 28, 2024 | theglobeandmail.comTricon Residential: Stocks Overvalued by Analyst Consensus on TSX (TCN)April 25, 2024 | baystreet.caCannabix, Methanex, Tricon at 52-Week Highs on NewsApril 25, 2024 | businesswire.comTricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real EstateApril 15, 2024 | finance.yahoo.comTCN Apr 2024 7.500 putApril 5, 2024 | businesswire.comTricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real EstateMarch 28, 2024 | businesswire.comTricon Shareholders Approve Proposed Take Private by Blackstone Real EstateMarch 26, 2024 | finance.yahoo.comTricon Residential Releases 2023 Annual Sustainability ReportMarch 18, 2024 | businesswire.comIndependent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real EstateFebruary 27, 2024 | businesswire.comTricon Reports Strong Q4 2023 ResultsFebruary 27, 2024 | businesswire.comTRICON RESIDENTIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tricon Residential Inc. - TCNFebruary 25, 2024 | msn.comTricon Residential (TCN) Price Target Increased by 7.59% to 9.38February 17, 2024 | finance.yahoo.comThose who invested in Tricon Residential (TSE:TCN) five years ago are up 58%February 16, 2024 | finance.yahoo.comTricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special MeetingFebruary 16, 2024 | businesswire.comTricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special MeetingFebruary 15, 2024 | finance.yahoo.comCBRE Group (CBRE) Q4 Earnings and Revenues Beat EstimatesJanuary 22, 2024 | finance.yahoo.comTricon Residential Inc. (TCN) Soars 28.3%: Is Further Upside Left in the Stock?January 19, 2024 | finance.yahoo.comWall Street’s landlord phase is back on, as Blackstone’s $3.8 billion acquisition of Tricon rouses a slumbering institutional investing sectorJanuary 19, 2024 | money.usnews.comBlackstone to Take Tricon Residential Private in $3.5 Billion DealJanuary 19, 2024 | ca.finance.yahoo.comBlackstone to take Tricon Residential private in US$3.5 billion dealJanuary 19, 2024 | finance.yahoo.comCanadian Investment Regulatory Organization Trading Halt - TCNJanuary 19, 2024 | finance.yahoo.comCanadian Investment Regulatory Organization Trade Resumption - TCNJanuary 19, 2024 | theglobeandmail.comBlackstone to take Canada’s Tricon Residential private in $3.5-billion dealJanuary 19, 2024 | msn.comBlackstone unit to acquire Tricon Residential for ~$3.5BJanuary 19, 2024 | theglobeandmail.comBlackstone bids US$3.5-billion to take over rental property owner Tricon ResidentialSee More Headlines Receive TCN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tricon Residential and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/27/2024Today5/21/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate operators (except developers) & lessors Sub-IndustryN/A Current SymbolNYSE:TCN CUSIPN/A CIK1584425 Webwww.triconresidential.com Phone(416) 925-7228FaxN/AEmployees978Year FoundedN/APrice Target and Rating Average Stock Price Target$10.47 High Stock Price Target$11.25 Low Stock Price Target$9.00 Potential Upside/Downside-6.9%Consensus RatingHold Rating Score (0-4)2.13 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.29 Trailing P/E Ratio38.79 Forward P/E Ratio18.44 P/E GrowthN/ANet Income$114.19 million Net Margins19.97% Pretax Margin18.86% Return on Equity3.12% Return on Assets0.93% Debt Debt-to-Equity Ratio1.41 Current Ratio0.49 Quick Ratio0.49 Sales & Book Value Annual Sales$849.78 million Price / Sales3.93 Cash Flow$0.45 per share Price / Cash Flow25.25 Book Value$14.15 per share Price / Book0.80Miscellaneous Outstanding Shares296,790,000Free Float287,888,000Market Cap$3.34 billion OptionableNot Optionable Beta1.39 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. David Berman B.Sc. (Age 76)M.B.A., Co-Founder & Executive Chairman Mr. Gary Berman (Age 49)President, CEO & Director Mr. Geoffrey Matus B.Comm. (Age 75)J.D., LLB, LLM, Co-Founder & Non Independent Director Mr. Wissam Francis CPAExecutive VP & CFOMr. Kevin BaldridgeExecutive VP & COOMr. Jonathan EllenzweigExecutive VP & Chief Investment OfficerMr. David VenezianoExecutive VP, Chief Legal Officer, Corporate Secretary & Chief Compliance OfficerMs. Sherrie SuskiExecutive VP & Chief People OfficerMr. Andrew JoynerMD & Head of Multi-Family InvestmentsMr. Andrew CarmodySenior MD of Investments & Chief Sustainability OfficerMore ExecutivesKey CompetitorsAssociated BancNYSE:ASBWalker & DunlopNYSE:WDPark Hotels & ResortsNYSE:PKSabra Health Care REITNASDAQ:SBRAEPR PropertiesNYSE:EPRView All CompetitorsInstitutional OwnershipKRYGER CAPITAL LtdBought 3,197,961 shares on 5/16/2024Ownership: 1.078%Gabelli Funds LLCBought 571,550 shares on 5/15/2024Ownership: 0.193%GABELLI & Co INVESTMENT ADVISERS INC.Bought 377,550 shares on 5/15/2024Ownership: 0.127%Alpine Global Management LLCBought 30,000 shares on 5/15/2024Ownership: 0.010%Gamco Investors INC. ET ALBought 18,300 shares on 5/15/2024Ownership: 0.006%View All Institutional Transactions TCN Stock Analysis - Frequently Asked Questions Should I buy or sell Tricon Residential stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" TCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCN, but not buy additional shares or sell existing shares. View TCN analyst ratings or view top-rated stocks. What is Tricon Residential's stock price target for 2024? 8 equities research analysts have issued 1-year target prices for Tricon Residential's stock. Their TCN share price targets range from $9.00 to $11.25. On average, they anticipate the company's stock price to reach $10.47 in the next year. This suggests that the stock has a possible downside of 6.9%. View analysts price targets for TCN or view top-rated stocks among Wall Street analysts. How have TCN shares performed in 2024? Tricon Residential's stock was trading at $9.10 at the start of the year. Since then, TCN shares have increased by 23.6% and is now trading at $11.25. View the best growth stocks for 2024 here. Are investors shorting Tricon Residential? Tricon Residential saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,560,000 shares, an increase of 61.1% from the March 31st total of 2,830,000 shares. Based on an average daily trading volume, of 6,270,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.9% of the company's shares are short sold. View Tricon Residential's Short Interest. How were Tricon Residential's earnings last quarter? Tricon Residential Inc. (NYSE:TCN) announced its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.28. The firm had revenue of $226.41 million for the quarter, compared to the consensus estimate of $130.17 million. Tricon Residential had a net margin of 19.97% and a trailing twelve-month return on equity of 3.12%. How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential? Tricon Residential announced a quarterly dividend on Tuesday, November 7th. Shareholders of record on Sunday, December 31st will be paid a dividend of $0.058 per share on Monday, January 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 28th. Read our dividend analysis for TCN. Is Tricon Residential a good dividend stock? Tricon Residential (NYSE:TCN) pays an annual dividend of $0.23 per share and currently has a dividend yield of 2.06%. The dividend payout ratio is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TCN will have a dividend payout ratio of 34.85% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TCN. What ETFs hold Tricon Residential's stock? ETFs with the largest weight of Tricon Residential (NYSE:TCN) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB).AltShares Event-Driven ET (EVNT). Who are Tricon Residential's major shareholders? Tricon Residential's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.84%), Picton Mahoney Asset Management (1.48%), Syquant Capital Sas (1.42%), KRYGER CAPITAL Ltd (1.08%), Absolute Gestao de Investimentos Ltda. (1.05%) and Tokio Marine Asset Management Co. Ltd. (0.57%). How do I buy shares of Tricon Residential? Shares of TCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:TCN) was last updated on 5/21/2024 by MarketBeat.com Staff From Our PartnersProtect Your Bank Account Before It’s Too LateWeiss RatingsShocking $16T Elon Musk Crypto LeakCrypto 101 MediaClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThis Apple-like Innovator is Revolutionizing HealthcareWall Street StarWarren Buffett's "mystery stock"Stansberry ResearchThis Could be Your “Big Money” AI MomentInvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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