Tricon Residential (TCN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $11.23 to $11.25
• 50-Day Range: $10.95 to $11.25
• 52-Week Range: $6.53 to $11.25
• Volume: 36.63 million shs
• Average Volume: 7.95 million shs
• Market Capitalization: $3.34 billion
• P/E Ratio: 38.79
• Dividend Yield: 2.04%
• Price Target: $10.64
• Consensus Rating: Hold

Tricon Residential Stock Analysis - MarketRank™

Tricon Residential scored higher than 30% of companies evaluated by MarketBeat, and ranked 768th out of 904 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Tricon Residential has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tricon Residential has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 8.20%

Earnings Growth

Earnings 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 Market

The 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 135.55.

Price to Earnings Ratio vs. Sector

The 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 45.58.

Price to Book Value per Share Ratio

Tricon 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.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TCN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Tricon Residential pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Tricon Residential does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tricon Residential is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based 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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TCN.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Tricon Residential this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tricon Residential insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.00% of the stock of Tricon Residential is held by insiders.

Percentage Held by Institutions

62.28% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TCN Stock Analysis - Frequently Asked Questions

How were Tricon Residential's earnings last quarter?

Tricon Residential Inc. (NYSE:TCN) released its earnings results on Tuesday, November, 9th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.78. The firm earned $113.98 million during the quarter. Tricon Residential had a trailing twelve-month return on equity of 3.12% and a net margin of 19.97%.

Who are Tricon Residential's major shareholders?

Tricon Residential's top institutional shareholders include SIG North Trading ULC.

Company Calendar

• Last Earnings: 11/09/2021
• Today: 9/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate operators (except developers) & lessors
• Sub-Industry: N/A
• Current Symbol: NYSE:TCN
• CUSIP: N/A
• CIK: 1584425
• Web: www.triconresidential.com
• Phone: (416) 925-7228
• Fax: N/A
• Employees: 978
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.64
• High Stock Price Target: $11.25
• Low Stock Price Target: $9.00
• Potential Upside/Downside: -5.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.29
• Trailing P/E Ratio: 38.79
• Forward P/E Ratio: 18.44
• P/E Growth: N/A
• Net Income: $114.19 million
• Net Margins: 19.97%
• Pretax Margin: 18.86%
• Return on Equity: 3.12%
• Return on Assets: 0.93%

Debt

• Debt-to-Equity Ratio: 1.41
• Current Ratio: 0.49
• Quick Ratio: 0.49

Sales & Book Value

• Annual Sales: $849.78 million
• Price / Sales: 3.93
• Cash Flow: $0.45 per share
• Price / Cash Flow: 25.25
• Book Value: $14.15 per share
• Price / Book: 0.80

Miscellaneous

• Outstanding Shares: 296,790,000
• Free Float: 287,888,000
• Market Cap: $3.34 billion
• Optionable: Not Optionable
• Beta: 1.39