NYSE:TCN Tricon Residential (TCN) Stock Forecast, Price & News $7.94 +0.18 (+2.32%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$7.74▼$7.9450-Day Range$7.40▼$8.2752-Week Range$7.18▼$12.69Volume553,800 shsAverage Volume1.00 million shsMarket Capitalization$2.17 billionP/E Ratio5.22Dividend Yield2.90%Price Target$11.52 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Tricon Residential MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside45.1% Upside$11.52 Price TargetShort InterestHealthy1.20% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.33Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth13.73%From $0.51 to $0.58 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.18 out of 5 starsFinance Sector73rd out of 902 stocksReal Estate Operators (Except Developers) & Lessors Industry1st out of 3 stocks 4.4 Analyst's Opinion Consensus RatingTricon Residential has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.52, Tricon Residential has a forecasted upside of 45.1% from its current price of $7.94.Amount of Analyst CoverageTricon Residential has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.20% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tricon Residential has recently decreased by 2.21%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 2.92%, 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 15.13%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Tricon Residential will have a dividend payout ratio of 39.66% next year. This indicates that Tricon Residential will be able to sustain or increase its 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 1.8 News and Social Media Coverage News SentimentTricon Residential has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Tricon Residential this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for TCN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.8 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 Institutions57.41% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Tricon Residential are expected to grow by 13.73% in the coming year, from $0.51 to $0.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tricon Residential is 5.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 5.22, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 151.92.Price to Book Value per Share RatioTricon Residential has a P/B Ratio of 0.57. 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 About Tricon Residential (NYSE:TCN) StockTricon Residential, Inc. is a residential real estate investment company, which engages in renting homes and apartments. It operates through the following business segments: Single-Family Rental, Adjacent Businesses, Private Funds and Advisory and Corporate. The Single-Family Rental Business segment owns and operates single family rental homes. The Private Funds and Advisory segment provide asset management, property management, and development management services. The Corporate segment includes providing support functions in the areas of accounting, treasury, credit management, information technology, legal, and human resources. The company was founded by Geoffrey Matus and David Berman on June 3, 1988 and is headquartered in Toronto, Canada.Read More 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 TCN Stock News HeadlinesMay 28, 2023 | americanbankingnews.comTricon Residential (NYSE:TCN) and FLJ Group (NASDAQ:FLJ) Head to Head ReviewMay 26, 2023 | americanbankingnews.comAnalyzing Tricon Residential (NYSE:TCN) & FLJ Group (NASDAQ:FLJ)May 29, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 25, 2023 | seekingalpha.comTricon Residential: Expected Growth Consistent With Housing Recovery Theme And Scale ExpansionMay 25, 2023 | americanbankingnews.comQ2 2023 Earnings Forecast for Tricon Residential Inc. Issued By Raymond James (NYSE:TCN)May 24, 2023 | americanbankingnews.comQ4 2023 Earnings Estimate for Tricon Residential Inc. Issued By Raymond James (NYSE:TCN)May 18, 2023 | americanbankingnews.comTricon Residential Inc. (NYSE:TCN) Receives $11.52 Average Target Price from BrokeragesMay 13, 2023 | americanbankingnews.comNational Bank Financial Comments on Tricon Residential Inc.'s FY2024 Earnings (NYSE:TCN)May 29, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 11, 2023 | finance.yahoo.comWhat Does The Future Hold For Tricon Residential Inc. (TSE:TCN)? These Analysts Have Been Cutting Their EstimatesMay 10, 2023 | seekingalpha.comTricon Residential Inc. (TCN) Q1 2023 Earnings Call TranscriptMay 10, 2023 | finanznachrichten.deTricon Residential Inc. Delivers Solid Q1 2023 Results and Reiterates Full-Year GuidanceMay 8, 2023 | americanbankingnews.comTricon Residential (TCN) to Release Quarterly Earnings on WednesdayApril 23, 2023 | americanbankingnews.comTricon Residential Inc. (NYSE:TCN) Receives $11.52 Consensus PT from BrokeragesApril 18, 2023 | finance.yahoo.comTricon Announces Date for First Quarter 2023 Results Conference CallMarch 29, 2023 | americanbankingnews.comTricon Residential Inc. (NYSE:TCN) Receives $11.52 Average Price Target from BrokeragesMarch 28, 2023 | americanbankingnews.comTricon Residential Inc. (TCN) to Issue Quarterly Dividend of $0.06 on April 15thMarch 22, 2023 | msn.comMizuho cuts Invitation Homes to Neutral as stock is fairly valuedMarch 22, 2023 | americanbankingnews.comTricon Residential (NYSE:TCN) Now Covered by Analysts at MizuhoMarch 4, 2023 | finance.yahoo.comTricon Residential Full Year 2022 Earnings: Revenues Beat Expectations, EPS LagsMarch 4, 2023 | finance.yahoo.comTricon Residential (TSE:TCN) shareholders have endured a 38% loss from investing in the stock a year agoDecember 23, 2022 | finance.yahoo.comTricon Residential Inc. (TCN.TO)November 27, 2022 | nasdaq.comREITS on a Dividend Hike Spree; Check Out These 3November 27, 2022 | finance.yahoo.comAs Mortgage Rates Rise, More People Choose to Rent Single-Family HomesNovember 17, 2022 | theglobeandmail.comTricon Residential: Top 25 Undervalued Dividend Stocks on TSX (TCN)November 15, 2022 | theglobeandmail.comHere's a Real Estate Play That's Got a Long Runway for GrowthNovember 11, 2022 | msn.comWall Street Analysts Think Tricon Residential Inc. (TCN) Could Surge 73%: Read This Before Placing a BetSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 TCN Company Calendar Last Earnings3/01/2023Ex-Dividend for 4/15 Dividend3/30/2023Dividend Payable4/15/2023Today5/29/2023Ex-Dividend for 7/15 Dividend6/29/2023Dividend Payable7/15/2023Next Earnings (Estimated)8/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate operators (except developers) & lessors Sub-IndustryN/A SectorFinance Current SymbolNYSE:TCN CUSIPN/A CIK1584425 Webwww.triconresidential.com Phone(416) 925-7228FaxN/AEmployees968Year FoundedN/APrice Target and Rating Average Stock Price Forecast$11.52 High Stock Price Forecast$19.00 Low Stock Price Forecast$8.50 Forecasted Upside/Downside+45.1%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$1.52 Trailing P/E Ratio5.22 Forward P/E Ratio15.57 P/E GrowthN/ANet Income$808.94 million Net Margins97.08% Pretax Margin111.06% Return on Equity18.10% Return on Assets5.54% Debt Debt-to-Equity Ratio1.25 Current Ratio0.18 Quick Ratio0.18 Sales & Book Value Annual Sales$645.59 million Price / Sales3.35 Cash Flow$2.89 per share Price / Cash Flow2.75 Book Value$13.89 per share Price / Book0.57Miscellaneous Outstanding Shares272,760,000Free FloatN/AMarket Cap$2.17 billion OptionableNot Optionable Beta1.13 Key ExecutivesGary BermanPresident, Chief Executive Officer & DirectorKevin BaldridgeChief Operating Officer & Executive Vice PresidentWissam FrancisChief Financial Officer & Executive Vice PresidentGregg KnutsonSenior Vice President-Information TechnologyReshma BlockHead-Technology & InnovationKey CompetitorsBoston OmahaNYSE:BOCKennedy-WilsonNYSE:KWSimmons First NationalNASDAQ:SFNCFirst HawaiianNASDAQ:FHBGreen Brick PartnersNASDAQ:GRBKView All CompetitorsInstitutional OwnershipToroso Investments LLCBought 19,994 shares on 5/23/2023Ownership: 0.013%JPMorgan Chase & Co.Bought 60,272 shares on 5/18/2023Ownership: 0.171%Geode Capital Management LLCBought 3,749 shares on 5/16/2023Ownership: 0.047%SIG North Trading ULCBought 3,700 shares on 5/16/2023Ownership: 0.000%Grayhawk Investment Strategies Inc.Bought 3,630 shares on 5/16/2023Ownership: 0.001%View All Institutional Transactions TCN Stock - Frequently Asked Questions Should I buy or sell Tricon Residential stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TCN shares. View TCN analyst ratings or view top-rated stocks. What is Tricon Residential's stock price forecast for 2023? 10 brokers have issued twelve-month price targets for Tricon Residential's shares. Their TCN share price forecasts range from $8.50 to $19.00. On average, they anticipate the company's stock price to reach $11.52 in the next year. This suggests a possible upside of 45.1% from the stock's current price. View analysts price targets for TCN or view top-rated stocks among Wall Street analysts. How have TCN shares performed in 2023? Tricon Residential's stock was trading at $7.71 on January 1st, 2023. Since then, TCN stock has increased by 3.0% and is now trading at $7.94. View the best growth stocks for 2023 here. When is Tricon Residential's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023. View our TCN earnings forecast. How were Tricon Residential's earnings last quarter? Tricon Residential Inc. (NYSE:TCN) issued its earnings results on Wednesday, March, 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.17. The business earned $180.89 million during the quarter. Tricon Residential had a net margin of 97.08% and a trailing twelve-month return on equity of 18.10%. How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential? Tricon Residential announced a quarterly dividend on Tuesday, May 9th. Investors of record on Friday, June 30th will be paid a dividend of $0.058 per share on Saturday, July 15th. This represents a $0.23 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, June 29th. 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 iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT), 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 2.92%. The dividend payout ratio is 15.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCN will have a dividend payout ratio of 39.66% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TCN. What guidance has Tricon Residential issued on next quarter's earnings? Tricon Residential issued an update on its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of $0.54-$0.59 for the period, compared to the consensus estimate of $0.60. The company issued revenue guidance of -. What is Tricon Residential's stock symbol? Tricon Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCN." Who are Tricon Residential's major shareholders? Tricon Residential's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Macquarie Group Ltd. (2.61%), 1832 Asset Management L.P. (2.35%), Wellington Management Group LLP (1.16%), Canoe Financial LP (1.13%), Pembroke Management LTD (0.87%) and Alberta Investment Management Corp (0.83%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Tricon Residential's stock price today? One share of TCN stock can currently be purchased for approximately $7.94. How much money does Tricon Residential make? Tricon Residential (NYSE:TCN) has a market capitalization of $2.17 billion and generates $645.59 million in revenue each year. The company earns $808.94 million in net income (profit) each year or $1.52 on an earnings per share basis. How many employees does Tricon Residential have? The company employs 968 workers across the globe. How can I contact Tricon Residential? The official website for the company is www.triconresidential.com. The company can be reached via phone at (416) 925-7228. This page (NYSE:TCN) was last updated on 5/29/2023 by MarketBeat.com Staff 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. Adding Tricon Residential Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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