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: 0.45
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

3.4

Analyst's Opinion

Consensus Rating
Tricon 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/Downside
According 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 Coverage
Tricon Residential has only been the subject of 4 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.62% of the float of Tricon Residential has been sold short.
Short Interest Ratio / Days to Cover
Tricon Residential has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Tricon Residential has recently increased by 1.96%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Tricon Residential pays a meaningful dividend of 2.90%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tricon Residential does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tricon Residential is 27.38%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCN.

2.5

News and Social Media Coverage

News Sentiment
Tricon 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 Week
MarketBeat has tracked 4 news articles for Tricon Residential this week, compared to 1 article on an average week.
Search Interest
3 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 Follows
Only 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.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tricon Residential insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.00% of the stock of Tricon Residential is held by insiders.
Percentage Held by Institutions
55.83% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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 Ratio
Tricon 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.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

TCN Stock News Headlines

September 25, 2023 | finance.yahoo.com

Tricon: A Play on Housing Shortages

September 20, 2023 | msn.com

Tricon Residential's Performance Revenue Is Not Priced Into The Stock

September 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.com

Tricon Residential Inc. (NYSE:TCN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

September 1, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Tricon Residential

August 12, 2023 | markets.businessinsider.com

RBC Capital Keeps Their Buy Rating on Tricon Residential (TCN)

August 11, 2023 | finance.yahoo.com

Shareholders in Tricon Residential (TSE:TCN) are in the red if they invested a year ago

August 9, 2023 | seekingalpha.com

Tricon Residential Inc. 2023 Q2 - Results - Earnings Call Presentation

September 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.com

Tricon Residential (TCN) Receives a Hold from KBW

August 8, 2023 | finance.yahoo.com

Tricon Reports Q2 2023 Results Driven by Strong Housing Fundamentals

June 29, 2023 | finance.yahoo.com

Tricon Prices $416 Million Securitization at Weighted Average Yield of 5.86%, Further Reducing Floating Rate Debt

June 16, 2023 | markets.businessinsider.com

RBC Capital Keeps a Buy Rating on Tricon Residential (TCN)

June 13, 2023 | finance.yahoo.com

Is Tricon Residential Inc. (TSE:TCN) Trading At A 30% Discount?

May 25, 2023 | seekingalpha.com

Tricon Residential: Expected Growth Consistent With Housing Recovery Theme And Scale Expansion

May 11, 2023 | finance.yahoo.com

What Does The Future Hold For Tricon Residential Inc. (TSE:TCN)? These Analysts Have Been Cutting Their Estimates

May 10, 2023 | seekingalpha.com

Tricon Residential Inc. (TCN) Q1 2023 Earnings Call Transcript

May 10, 2023 | finanznachrichten.de

Tricon Residential Inc. Delivers Solid Q1 2023 Results and Reiterates Full-Year Guidance

April 18, 2023 | finance.yahoo.com

Tricon Announces Date for First Quarter 2023 Results Conference Call

March 22, 2023 | msn.com

Mizuho cuts Invitation Homes to Neutral as stock is fairly valued

March 4, 2023 | finance.yahoo.com

Tricon Residential Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

March 4, 2023 | finance.yahoo.com

Tricon Residential (TSE:TCN) shareholders have endured a 38% loss from investing in the stock a year ago

December 23, 2022 | finance.yahoo.com

Tricon Residential Inc. (TCN.TO)

November 27, 2022 | nasdaq.com

REITS on a Dividend Hike Spree; Check Out These 3

November 27, 2022 | finance.yahoo.com

As Mortgage Rates Rise, More People Choose to Rent Single-Family Homes

November 17, 2022 | theglobeandmail.com

Tricon Residential: Top 25 Undervalued Dividend Stocks on TSX (TCN)

November 15, 2022 | theglobeandmail.com

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate operators (except developers) & lessors
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:TCN
CUSIP: N/A
CIK: 1584425
Web: www.triconresidential.com
Phone: (416) 925-7228
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

EPS (Most Recent Fiscal Year): $0.84
Trailing P/E Ratio: 9.42
Forward P/E Ratio: 14.13
P/E Growth: N/A
Net Income: $808.94 million
Net Margins: 51.84%
Pretax Margin: 62.53%
Return on Equity: 8.12%
Return on Assets: 2.45%

Debt

Debt-to-Equity Ratio: 1.31
Current Ratio: 0.17
Quick Ratio: 0.17

Sales & Book Value

Annual Sales: $567.32 million
Price / Sales: 3.81
Cash Flow: $2.86 per share
Price / Cash Flow: 2.77
Book Value: $13.89 per share
Price / Book: 0.57

Miscellaneous

Outstanding Shares: 272,990,000
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

Key Competitors

View All Competitors

Institutional Ownership

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.

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

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