Tricon Residential (TCN) Stock Forecast, Price & News

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.
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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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our TCN earnings forecast.

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%.

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.

iShares Gold Strategy ETF holds 430,000 shares of TCN stock, representing 0.94% of its portfolio.

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.

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 -.

Tricon Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "TCN."

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%).

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.
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One share of TCN stock can currently be purchased for approximately $7.91.

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.

The company employs 1,010 workers across the globe.

The official website for the company is www.triconresidential.com. The company can be reached via phone at (416) 925-7228.