S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
'Succession' fans brace for series finale of Emmy-winning hit drama
BREAKING: Tiny biotech successfully treats blindness (Ad)
Turkey's Erdogan declares victory in presidential runoff, extends rule into 3rd decade
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
'Succession' fans brace for series finale of Emmy-winning hit drama
BREAKING: Tiny biotech successfully treats blindness (Ad)
Turkey's Erdogan declares victory in presidential runoff, extends rule into 3rd decade
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
'Succession' fans brace for series finale of Emmy-winning hit drama
BREAKING: Tiny biotech successfully treats blindness (Ad)
Turkey's Erdogan declares victory in presidential runoff, extends rule into 3rd decade
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
'Succession' fans brace for series finale of Emmy-winning hit drama
BREAKING: Tiny biotech successfully treats blindness (Ad)
Turkey's Erdogan declares victory in presidential runoff, extends rule into 3rd decade
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed

Tricon Residential (TCN) Stock Forecast, Price & News

$7.94
+0.18 (+2.32%)
(As of 05/26/2023 ET)
Compare
Today's Range
$7.74
$7.94
50-Day Range
$7.40
$8.27
52-Week Range
$7.18
$12.69
Volume
553,845 shs
Average Volume
621,416 shs
Market Capitalization
$2.17 billion
P/E Ratio
5.22
Dividend Yield
2.90%
Price Target
$11.52

Tricon Residential MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
45.1% Upside
$11.52 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Tricon Residential in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.73%
From $0.51 to $0.58 Per Share

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 stars

Finance Sector

74th out of 911 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. 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.

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TCN Stock News Headlines

Why Your IRA Could Crash on June 16th
China will attack Taiwan as soon as June 16th, 2023. The stock market will crash at least 35% when China makes their move.
Why Your IRA Could Crash on June 16th
China will attack Taiwan as soon as June 16th, 2023. The stock market will crash at least 35% when China makes their move.
Tricon Residential (NYSE:TCN) Now Covered by Analysts at Mizuho
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

Last Earnings
3/01/2023
Ex-Dividend for 4/15 Dividend
3/30/2023
Dividend Payable
4/15/2023
Today
5/28/2023
Ex-Dividend for 7/15 Dividend
6/29/2023
Dividend Payable
7/15/2023
Next Earnings (Estimated)
8/09/2023
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
968
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$808.94 million
Pretax Margin
111.06%

Debt

Sales & Book Value

Annual Sales
$645.59 million
Cash Flow
$2.89 per share
Book Value
$13.93 per share

Miscellaneous

Free Float
264,577,000
Market Cap
$2.17 billion
Optionable
Not Optionable
Beta
1.14

Key Executives

  • Gary Berman
    President, Chief Executive Officer & Director
  • Kevin Baldridge
    Chief Operating Officer & Executive Vice President
  • Wissam Francis
    Chief Financial Officer & Executive Vice President
  • Gregg Knutson
    Senior Vice President-Information Technology
  • Reshma Block
    Head-Technology & Innovation













TCN Stock - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12 month target prices for Tricon Residential's shares. Their TCN share price forecasts range from $8.50 to $19.00. On average, they expect the company's share price to reach $11.52 in the next twelve months. 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 shares have 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) released its earnings results on Wednesday, March, 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.28 by $0.17. The firm had revenue of $180.89 million for 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 declared a quarterly dividend on Tuesday, May 9th. Stockholders of record on Friday, June 30th will be given 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 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 updated 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 earnings per share 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 variety of institutional and retail investors. Top institutional investors 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 5/28/2023 by MarketBeat.com Staff

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