NYSE:TCN Tricon Residential (TCN) Stock Forecast, Price & News $7.89 -0.11 (-1.38%) (As of 09/25/2023 ET) Add Compare Share Share Today's Range$7.88▼$8.0250-Day Range$7.94▼$9.4652-Week Range$7.18▼$9.56Volume411,666 shsAverage Volume876,336 shsMarket Capitalization$2.15 billionP/E Ratio9.39Dividend Yield2.92%Price Target$10.58 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Tricon Residential MarketRank™ ForecastAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside34.0% Upside$10.58 Price TargetShort InterestBearish1.62% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.45Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth7.14%From $0.56 to $0.60 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.2.68 out of 5 starsFinance Sector253rd out of 843 stocksReal Estate Operators (Except Developers) & Lessors Industry1st out of 3 stocks 3.4 Analyst's Opinion Consensus RatingTricon Residential has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.58, Tricon Residential has a forecasted upside of 34.0% from its current price of $7.89.Amount of Analyst CoverageTricon Residential has only been the subject of 4 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.62% 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 5.6.Change versus previous monthShort interest in Tricon Residential has recently increased by 1.96%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 2.90%, 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 27.38%. 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 38.33% 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 2.5 News and Social Media Coverage News SentimentTricon Residential has a news sentiment score of 0.45. 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 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Tricon Residential this week, compared to 1 article on an average week.Search Interest3 people have searched for TCN on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Tricon Residential to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 InsidersOnly 3.00% of the stock of Tricon Residential is held by insiders.Percentage Held by Institutions55.83% 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 7.14% in the coming year, from $0.56 to $0.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tricon Residential is 9.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.24.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 9.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 83.90.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. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in 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 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCN Stock News HeadlinesSeptember 25, 2023 | finance.yahoo.comTricon: A Play on Housing ShortagesSeptember 20, 2023 | msn.comTricon Residential's Performance Revenue Is Not Priced Into The StockSeptember 25, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 19, 2023 | americanbankingnews.comTricon Residential Inc. (NYSE:TCN) Receives Consensus Recommendation of "Moderate Buy" from AnalystsSeptember 1, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Tricon ResidentialAugust 12, 2023 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Tricon Residential (TCN)August 11, 2023 | finance.yahoo.comShareholders in Tricon Residential (TSE:TCN) are in the red if they invested a year agoAugust 9, 2023 | seekingalpha.comTricon Residential Inc. 2023 Q2 - Results - Earnings Call PresentationSeptember 25, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.August 9, 2023 | markets.businessinsider.comTricon Residential (TCN) Receives a Hold from KBWAugust 8, 2023 | finance.yahoo.comTricon Reports Q2 2023 Results Driven by Strong Housing FundamentalsJune 29, 2023 | finance.yahoo.comTricon Prices $416 Million Securitization at Weighted Average Yield of 5.86%, Further Reducing Floating Rate DebtJune 16, 2023 | markets.businessinsider.comRBC Capital Keeps a Buy Rating on Tricon Residential (TCN)June 13, 2023 | finance.yahoo.comIs Tricon Residential Inc. (TSE:TCN) Trading At A 30% Discount?May 25, 2023 | seekingalpha.comTricon Residential: Expected Growth Consistent With Housing Recovery Theme And Scale ExpansionMay 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 GuidanceApril 18, 2023 | finance.yahoo.comTricon Announces Date for First Quarter 2023 Results Conference CallMarch 22, 2023 | msn.comMizuho cuts Invitation Homes to Neutral as stock is fairly valuedMarch 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 GrowthSee 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 TCN Company Calendar Ex-Dividend for 7/15 Dividend6/29/2023Dividend Payable7/15/2023Last Earnings8/08/2023Today9/25/2023Ex-Dividend for 10/15 Dividend9/28/2023Dividend Payable10/15/2023Next Earnings (Estimated)11/14/2023Fiscal 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/AEmployees1,010Year FoundedN/APrice Target and Rating Average Stock Price Forecast$10.58 High Stock Price Forecast$15.50 Low Stock Price Forecast$8.50 Forecasted Upside/Downside+33.7%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.84 Trailing P/E Ratio9.42 Forward P/E Ratio14.13 P/E GrowthN/ANet Income$808.94 million Net Margins51.84% Pretax Margin62.53% Return on Equity8.12% Return on Assets2.45% Debt Debt-to-Equity Ratio1.31 Current Ratio0.17 Quick Ratio0.17 Sales & Book Value Annual Sales$567.32 million Price / Sales3.81 Cash Flow$2.86 per share Price / Cash Flow2.77 Book Value$13.89 per share Price / Book0.57Miscellaneous Outstanding Shares272,990,000Free FloatN/AMarket Cap$2.16 billion OptionableNot Optionable Beta1.22 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. David Berman B.Sc. (Age 75)BSc, M.B.A., MBA, Co-Founder & Exec. Chairman Comp: $4.18MMr. Gary Berman (Age 49)Pres, CEO & Director Comp: $17.01MMr. Geoffrey Matus B.Comm. (Age 74)J.D., LLB, LLM, Co-Founder & Non Independent Director Comp: $1.9MMr. Wissam Francis CPAExec. VP & CFOMr. Kevin BaldridgeExec. VP & COOMr. Jonathan EllenzweigExec. VP & Chief Investment OfficerMs. Gina McMullan C.A.CPA, Chief Accounting OfficerMs. Reshma Block (Age 48)Head of Technology & Innovation Charlotte Thuot KucyiSr. Mang. of Investor RelationsMr. David VenezianoExec. VP, Chief Legal Officer, Corp. Sec. & Chief Compliance OfficerMore ExecutivesKey CompetitorsWSFS FinancialNASDAQ:WSFSCommunity Bank SystemNYSE:CBUDouglas EmmettNYSE:DEIKennedy-WilsonNYSE:KWAtlantic Union BanksharesNASDAQ:AUBView All CompetitorsInstitutional OwnershipBarclays PLCBought 46,843 shares on 9/21/2023Ownership: 0.017%CIBC Asset Management IncBought 1,184 shares on 8/15/2023Ownership: 0.423%Alliancebernstein L.P.Sold 1,340 shares on 8/15/2023Ownership: 0.034%Greenland Capital Management LPBought 49,558 shares on 8/15/2023Ownership: 0.029%Integrated Wealth Concepts LLCBought 67,097 shares on 8/15/2023Ownership: 0.025%View All Institutional Transactions TCN Stock - Frequently Asked Questions Should I buy or sell Tricon Residential stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 4 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 "moderate buy" TCN shares. View TCN analyst ratings or view top-rated stocks. What is Tricon Residential's stock price forecast for 2023? 11 Wall Street research analysts have issued twelve-month price targets for Tricon Residential's shares. Their TCN share price forecasts range from $8.50 to $15.50. On average, they anticipate the company's share price to reach $10.58 in the next year. This suggests a possible upside of 33.7% 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 2.6% and is now trading at $7.91. 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 Tuesday, November 14th 2023. View our TCN earnings forecast. How were Tricon Residential's earnings last quarter? Tricon Residential Inc. (NYSE:TCN) announced its earnings results on Tuesday, August, 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $124.06 million for the quarter. Tricon Residential had a trailing twelve-month return on equity of 8.12% and a net margin of 51.84%. How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential? Tricon Residential announced a quarterly dividend on Tuesday, August 8th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.058 per share on Sunday, October 15th. This represents a $0.23 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 28th. Read our dividend analysis for TCN. What ETF holds Tricon Residential's stock ? iShares Gold Strategy ETF holds 430,000 shares of TCN stock, representing 0.94% of its portfolio. 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 2.90%. The dividend payout ratio is 27.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCN will have a dividend payout ratio of 38.33% 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 updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $0.55-$0.58 for the period, compared to the consensus estimate of $0.56. 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 Bank of Montreal Can (7.18%), 1832 Asset Management L.P. (3.74%), Centersquare Investment Management LLC (2.59%), BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (2.44%), Cbre Investment Management Listed Real Assets LLC (1.09%) and Point72 Asset Management L.P. (0.91%). 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 $7.91. How much money does Tricon Residential make? Tricon Residential (NYSE:TCN) has a market capitalization of $2.16 billion and generates $567.32 million in revenue each year. The company earns $808.94 million in net income (profit) each year or $0.84 on an earnings per share basis. How many employees does Tricon Residential have? The company employs 1,010 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. 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