Tricon Residential (TCN) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our TCN earnings forecast.

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%.

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.

ETFs with the largest weight of Tricon Residential (NYSE:TCN) stock in their portfolio include iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT),

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.

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 -.

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

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%).

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 $7.94.

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.

The company employs 968 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.