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Tricon Residential (TCN) Stock Price, News & Analysis

$11.25
+0.02 (+0.18%)
(As of 05/1/2024)
Today's Range
$11.23
$11.25
50-Day Range
$10.95
$11.25
52-Week Range
$6.53
$11.25
Volume
36.63 million shs
Average Volume
7.95 million shs
Market Capitalization
$3.34 billion
P/E Ratio
38.79
Dividend Yield
2.04%
Price Target
$10.47

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
6.9% Downside
$10.47 Price Target
Short Interest
Healthy
1.91% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
8.20%
From $0.61 to $0.66 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.

1.64 out of 5 stars

Finance Sector

657th out of 830 stocks

Real Estate Operators (Except Developers) & Lessors Industry

3rd out of 3 stocks

TCN stock logo

About Tricon Residential Stock (NYSE:TCN)

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto, 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 in Toronto, 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

TCN Apr 2024 7.500 put
Tricon Reports Strong Q4 2023 Results
CBRE Group (CBRE) Q4 Earnings and Revenues Beat Estimates
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
5/24/2024
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
$10.47
High Stock Price Target
$11.25
Low Stock Price Target
$9.00
Potential Upside/Downside
-6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$114.19 million
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
287,888,000
Market Cap
$3.34 billion
Optionable
Not Optionable
Beta
1.39
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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
    MD & Head of Multi-Family Investments
  • Mr. Andrew Carmody
    Senior MD of Investments & Chief Sustainability Officer

TCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

8 brokers have issued 12 month price targets for Tricon Residential's shares. Their TCN share price targets range from $9.00 to $11.25. On average, they anticipate the company's share price to reach $10.47 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
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 23.6% and is now trading at $11.25.
View the best growth stocks for 2024 here
.

Are investors shorting Tricon Residential?

Tricon Residential saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,560,000 shares, an increase of 61.1% from the March 31st total of 2,830,000 shares. Based on an average daily trading volume, of 6,270,000 shares, the short-interest ratio is presently 0.7 days. Approximately 1.9% of the shares of the stock are short sold.
View Tricon Residential's Short Interest
.

How were Tricon Residential's earnings last quarter?

Tricon Residential Inc. (NYSE:TCN) posted its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.28. The business earned $226.41 million during the quarter, compared to analysts' expectations of $130.17 million. 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. Investors of record on Sunday, December 31st will be paid 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 2.06%. 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 2.06%. 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 34.85% next year. This indicates that the company will be able to sustain or increase its dividend.
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 AltShares Merger Arbitrage ETF (ARB).AltShares Event-Driven ET (EVNT).

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 Vanguard Group Inc. (3.84%), Picton Mahoney Asset Management (1.48%), Syquant Capital Sas (1.42%), KRYGER CAPITAL Ltd (1.08%), Absolute Gestao de Investimentos Ltda. (1.05%) and Tokio Marine Asset Management Co. Ltd. (0.57%).

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 5/24/2024 by MarketBeat.com Staff

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