QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
QQQ   444.02 (-0.36%)
AAPL   175.10 (-2.54%)
MSFT   414.92 (-0.14%)
META   498.19 (-0.82%)
GOOGL   133.35 (-2.76%)
AMZN   177.58 (-0.36%)
TSLA   188.14 (-7.16%)
NVDA   852.37 (+3.60%)
NIO   5.35 (-7.44%)
AMD   205.36 (+1.34%)
BABA   72.00 (-3.51%)
T   16.80 (-1.06%)
F   12.74 (+2.33%)
MU   95.77 (+0.65%)
CGC   3.02 (-5.92%)
GE   161.04 (+1.51%)
DIS   113.69 (+1.55%)
AMC   4.32 (-0.92%)
PFE   25.89 (-2.63%)
PYPL   59.98 (-0.93%)
XOM   104.36 (-1.40%)
NYSE:TCN

Tricon Residential (TCN) Stock Price, News & Analysis

$11.12
0.00 (0.00%)
(As of 03/4/2024 ET)
Today's Range
$11.12
$11.14
50-Day Range
$8.63
$11.14
52-Week Range
$6.53
$11.15
Volume
2.85 million shs
Average Volume
7.54 million shs
Market Capitalization
$3.04 billion
P/E Ratio
38.34
Dividend Yield
2.07%
Price Target
$10.20

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
8.3% Downside
$10.20 Price Target
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Tricon Residential in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.33%
From $0.60 to $0.68 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.81 out of 5 stars

Finance Sector

545th out of 863 stocks

Real Estate Operators (Except Developers) & Lessors Industry

2nd out of 3 stocks


TCN stock logo

About Tricon Residential Stock (NYSE:TCN)

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 Stock Price History

TCN Stock News Headlines

Tricon Reports Strong Q4 2023 Results
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CBRE Group (CBRE) Q4 Earnings and Revenues Beat Estimates
Tricon Residential To Be Acquired By Blackstone For $3.5 Bln; Stock Up
RBC Capital Sticks to Its Buy Rating for Tricon Residential (TCN)
Houses Too Expensive to Buy Underpin Lofty Rents
Tricon Residential: Attractive Set-Up Going Into 2024
Tricon Residential declares $0.058 dividend
See 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.

Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 1/15 Dividend
12/28/2023
Dividend Payable
1/15/2024
Today
3/04/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate operators (except developers) & lessors
Sub-Industry
N/A
Fax
N/A
Employees
978
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.20
High Stock Price Target
$11.25
Low Stock Price Target
$9.00
Potential Upside/Downside
-8.3%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$-114,190,000.00
Pretax Margin
-18.86%

Debt

Sales & Book Value

Annual Sales
$849.78 million
Cash Flow
$0.45 per share
Book Value
$14.15 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.04 billion
Optionable
Not Optionable
Beta
1.44
10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. David Berman B.Sc. (Age 76)
    M.B.A., Co-Founder & Executive Chairman
  • Mr. Gary Berman (Age 49)
    President, CEO & Director
  • Mr. Geoffrey Matus B.Comm. (Age 75)
    J.D., LLB, LLM, Co-Founder & Non Independent Director
  • Mr. Wissam Francis CPA
    Executive VP & CFO
  • Mr. Kevin Baldridge
    Executive VP & COO
  • Mr. Jonathan Ellenzweig
    Executive VP & Chief Investment Officer
  • Mr. David Veneziano
    Executive VP, Chief Legal Officer, Corporate Secretary & Chief Compliance Officer
  • Ms. Sherrie Suski
    Executive VP & Chief People Officer
  • Mr. Andrew Joyner
    Managing Director of Investments
  • Mr. Andrew Carmody
    MD of Investments & Head of Sustainability














TCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCN, but not buy additional shares or sell existing shares.
View TCN analyst ratings
or view top-rated stocks.

What is Tricon Residential's stock price target for 2024?

9 equities research analysts have issued 1 year price objectives for Tricon Residential's stock. Their TCN share price targets range from $9.00 to $11.25. On average, they anticipate the company's share price to reach $10.20 in the next year. This suggests that the stock has a possible downside of 8.3%.
View analysts price targets for TCN
or view top-rated stocks among Wall Street analysts.

How have TCN shares performed in 2024?

Tricon Residential's stock was trading at $9.10 at the beginning of the year. Since then, TCN shares have increased by 22.2% and is now trading at $11.12.
View the best growth stocks for 2024 here
.

Are investors shorting Tricon Residential?

Tricon Residential saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 2,710,000 shares, an increase of 23.7% from the January 31st total of 2,190,000 shares. Based on an average trading volume of 5,460,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.1% of the company's stock are sold short.
View Tricon Residential's Short Interest
.

When is Tricon Residential's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our TCN earnings forecast
.

How were Tricon Residential's earnings last quarter?

Tricon Residential Inc. (NYSE:TCN) issued its quarterly earnings data on Tuesday, November, 9th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.14 by $0.78. The company had revenue of $113.98 million for the quarter. Tricon Residential had a net margin of 19.97% and a trailing twelve-month return on equity of 3.12%.

How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential?

Tricon Residential announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.058 per share on Monday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for TCN
.

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 2.08%. The dividend payout ratio is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TCN will have a dividend payout ratio of 33.82% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

Who are Tricon Residential's major shareholders?

Tricon Residential's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Royal Bank of Canada (5.12%), 1832 Asset Management L.P. (4.77%), Vanguard Group Inc. (4.20%), Centersquare Investment Management LLC (3.33%), Land & Buildings Investment Management LLC (2.12%) and Norges Bank (1.11%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TCN) was last updated on 3/4/2024 by MarketBeat.com Staff