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NYSE:TCN

Tricon Residential (TCN) Stock Forecast, Price & News

$7.89
-0.11 (-1.38%)
(As of 09/25/2023 ET)
Compare
Today's Range
$7.88
$8.02
50-Day Range
$7.94
$9.46
52-Week Range
$7.18
$9.56
Volume
411,666 shs
Average Volume
876,336 shs
Market Capitalization
$2.15 billion
P/E Ratio
9.39
Dividend Yield
2.92%
Price Target
$10.58

Tricon Residential MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
34.0% Upside
$10.58 Price Target
Short Interest
Bearish
1.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.45mentions of Tricon Residential in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.14%
From $0.56 to $0.60 Per Share

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 stars

Finance Sector

253rd out of 843 stocks

Real Estate Operators (Except Developers) & Lessors Industry

1st out of 3 stocks


TCN stock logo

About Tricon Residential (NYSE:TCN) Stock

Tricon 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.

TCN Price History

TCN Stock News Headlines

Tricon: A Play on Housing Shortages
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.
The Latest Analyst Ratings for Tricon Residential
RBC Capital Keeps Their Buy Rating on Tricon Residential (TCN)
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.
Tricon Residential (TCN) Receives a Hold from KBW
RBC Capital Keeps a Buy Rating on Tricon Residential (TCN)
Tricon Residential Inc. (TCN.TO)
Here's a Real Estate Play That's Got a Long Runway for Growth
See More Headlines
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TCN Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2023
Dividend Payable
7/15/2023
Last Earnings
8/08/2023
Today
9/25/2023
Ex-Dividend for 10/15 Dividend
9/28/2023
Dividend Payable
10/15/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate operators (except developers) & lessors
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
1,010
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$808.94 million
Pretax Margin
62.53%

Debt

Sales & Book Value

Annual Sales
$567.32 million
Cash Flow
$2.86 per share
Book Value
$13.89 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.16 billion
Optionable
Not Optionable
Beta
1.22
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Key Executives

  • Mr. David Berman B.Sc. (Age 75)
    BSc, M.B.A., MBA, Co-Founder & Exec. Chairman
    Comp: $4.18M
  • Mr. Gary Berman (Age 49)
    Pres, CEO & Director
    Comp: $17.01M
  • Mr. Geoffrey Matus B.Comm. (Age 74)
    J.D., LLB, LLM, Co-Founder & Non Independent Director
    Comp: $1.9M
  • Mr. Wissam Francis CPA
    Exec. VP & CFO
  • Mr. Kevin Baldridge
    Exec. VP & COO
  • Mr. Jonathan Ellenzweig
    Exec. VP & Chief Investment Officer
  • Ms. Gina McMullan C.A.
    CPA, Chief Accounting Officer
  • Ms. Reshma Block (Age 48)
    Head of Technology & Innovation
  • Charlotte Thuot Kucyi
    Sr. Mang. of Investor Relations
  • Mr. David Veneziano
    Exec. VP, Chief Legal Officer, Corp. Sec. & Chief Compliance Officer













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.

This page (NYSE:TCN) was last updated on 9/25/2023 by MarketBeat.com Staff

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