Should I buy or sell Tricon Residential stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

3 Wall Street analysts have issued 12 month price targets for Tricon Residential's shares. Their TCN share price targets range from C$5.75 to C$13.00. On average, they predict the company's stock price to reach C$10.10 in the next twelve months. This suggests that the stock has a possible downside of 6.8%. 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 C$10.44 at the start of the year. Since then, TCN stock has increased by 3.8% and is now trading at C$10.84. 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 Wednesday, March 6th 2024. View our TCN earnings forecast .

How were Tricon Residential's earnings last quarter?

Tricon Residential Inc. (TSE:TCN) released its quarterly earnings results on Tuesday, November, 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $167.67 million for the quarter, compared to the consensus estimate of $183.06 million. Tricon Residential had a net margin of 24.35% and a trailing twelve-month return on equity of 5.57%.

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 0.08 per share on Monday, January 15th. This represents a $0.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of C$0.08. Read our dividend analysis for TCN .

Is Tricon Residential a good dividend stock?

Tricon Residential (TSE:TCN) pays an annual dividend of C$0.32 per share and currently has a dividend yield of 2.93%. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for TCN .

What other stocks do shareholders of Tricon Residential own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tricon Residential investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , Open Text (OTEX) , Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX) .

How do I buy shares of Tricon Residential?

Shares of TCN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Tricon Residential Stock Price, News & Analysis (TSE:TCN)

C$10.84

+0.11 (+1.03%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$10.64
▼
C$10.84
50-Day Range: C$9.11
▼
C$11.04
52-Week Range: C$9.03
▼
C$12.55

Volume: 594,848 shs
Average Volume: 531,969 shs
Market Capitalization: C$2.95 billion

P/E Ratio: 13.55
Dividend Yield: 2.95%
Price Target: C$10.10

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 6.8% Downside
C$10.10 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.39 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Tricon Residential has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$10.10, Tricon Residential has a forecasted downside of 6.8% from its current price of C$10.84.
Amount of Analyst Coverage
Tricon Residential has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TCN.

1.7

Dividend Strength

Dividend Yield
Tricon Residential pays a meaningful dividend of 2.93%, 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 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Tricon Residential this week, compared to 0 articles on an average week.

1.7

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 2.96% of the stock of Tricon Residential is held by insiders.
Percentage Held by Institutions
68.34% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tricon Residential is 13.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tricon Residential is 13.55, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 172.88.
Price to Book Value per Share Ratio
Tricon Residential has a P/B Ratio of 0.76. 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 Stock (TSE: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

30 days | 90 days | 365 days | Advanced Chart

TCN Stock News Headlines

December 6, 2023 | americanbankingnews.com

Tricon Residential (TSE:TCN) Stock Passes Above Two Hundred Day Moving Average of $10.96

November 23, 2023 | seekingalpha.com

TCN:CA Tricon Residential Inc.

December 9, 2023 | Wealthpress (Ad)

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November 11, 2023 | morningstar.com

Tricon Residential Inc TCN

November 9, 2023 | finanznachrichten.de

Tricon Residential Inc. Reports Q3 2023 Results as Strong Property Fundamentals Continue

August 10, 2023 | markets.businessinsider.com

Tricon Residential (TCN) Receives a Buy from BMO Capital

July 18, 2023 | finance.yahoo.com

With 67% ownership, Tricon Residential Inc. (TSE:TCN) boasts of strong institutional backing

May 24, 2023 | finance.yahoo.com

Canary Landing, Toronto's newest purpose-built rental community by Dream, Kilmer Group and Tricon, launches its first phase, Maple House

December 9, 2023 | DTI Trader (Ad)

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May 15, 2023 | markets.businessinsider.com

RBC Capital Thinks Tricon Residential’s Stock is Going to Recover

May 9, 2023 | msn.com

Tricon Residential FFO of $0.14 beats by $0.01, Net operating income of $74.6M

May 9, 2023 | finance.yahoo.com

Owl Rock Capital (ORCC) to Post Q1 Earnings: What to Expect

May 9, 2023 | finance.yahoo.com

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

March 18, 2023 | theglobeandmail.com

Tricon Residential: Top 10 Undervalued Mid Cap Stocks on TSX (TCN)

March 18, 2023 | finance.yahoo.com

Bullish Tricon Residential Inc. (TSE:TCN) insiders filled their treasuries with US$1.6m worth of stock over last year

March 8, 2023 | finance.yahoo.com

Tricon Residential Inc. (NYSE:TCN) Q4 2022 Earnings Call Transcript

March 1, 2023 | msn.com

Tricon Residential FFO of $0.31 beats by $0.02, revenue of $73.74M

February 8, 2023 | finance.yahoo.com

Tricon Residential Inc. (TSE:TCN) is a favorite amongst institutional investors who own 64%

February 7, 2023 | finance.yahoo.com

Tricon Announces Date for Fourth Quarter 2022 Results Conference Call

January 26, 2023 | forbes.com

The Need For A Renter's Bill Of Rights

January 3, 2023 | finance.yahoo.com

Are Options Traders Betting on a Big Move in Tricon (TCN) Stock?

November 13, 2022 | theglobeandmail.com

Tricon Residential: Top 25 Undervalued Toronto Stock Exchange Stocks (TCN)

October 20, 2022 | nz.finance.yahoo.com

Tricon Announces Resident Bill of Rights, a New Standard for Single-Family Rental Housing

October 3, 2022 | reuters.com

Tricon Residential Inc

September 23, 2022 | theglobeandmail.com

Tricon Residential: Top 10 Undervalued Dividend Stocks on TSX (TCN)

September 21, 2022 | seekingalpha.com

TCN Tricon Residential Inc.

September 9, 2022 | finance.yahoo.com

Tricon Residential Inc. (TCN)

See More Headlines

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Company Calendar

Ex-Dividend for 10/15 Dividend: 9/28/2023
Dividend Payable: 10/15/2023
Last Earnings: 11/07/2023
Today: 12/09/2023
Ex-Dividend for 1/15 Dividend: 12/28/2023
Dividend Payable: 1/15/2024
Next Earnings (Estimated): 3/06/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Real Estate Services
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:TCN
CUSIP: N/A
CIK: N/A
Web: www.triconcapital.com
Phone: +1-416-9257228
Fax: N/A
Employees: 1,010
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$10.10
High Stock Price Target: C$13.00
Low Stock Price Target: C$5.75
Potential Upside/Downside: -6.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.80
Trailing P/E Ratio: 13.55
Forward P/E Ratio: 14.87
P/E Growth: N/A
Net Income: C$205.79 million
Net Margins: 24.35%
Pretax Margin: N/A
Return on Equity: 5.57%
Return on Assets: 2.02%

Debt

Debt-to-Equity Ratio: 153.40
Current Ratio: 0.25
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: C$852.51 million
Price / Sales: 3.46
Cash Flow: C$0.53 per share
Price / Cash Flow: 20.33
Book Value: C$14.34 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 272,360,000
Free Float: N/A
Market Cap: C$2.95 billion
Optionable: Not Optionable
Beta: 1.37

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Key Executives

Mr. David Berman B.Sc. (Age 75)
M.B.A., Co-Founder & Executive Chairman
Comp: $5.74M
Mr. Gary Berman (Age 49)
President, CEO & Director
Comp: $23.35M
Mr. Geoffrey Matus B.Comm. (Age 74)
J.D., LLB, LLM, Co-Founder & Non Independent Director
Comp: $2.61M
Mr. Wissam Francis CPA
Executive VP & CFO
Mr. Kevin Baldridge
Executive VP & COO
Mr. Jonathan Ellenzweig
Executive 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
Senior Manager of Investor Relations
Mr. David Veneziano
Executive VP, Chief Legal Officer, Corporate Secretary & Chief Compliance Officer

Key Competitors

View All Competitors

Insiders

Wissam Francis
Bought 2,000 shares on 12/21/2022
Total: C$20,142.00 ($10.07/share)

View All Insider Transactions

TCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?: 3 Wall Street analysts have issued 12 month price targets for Tricon Residential's shares. Their TCN share price targets range from C$5.75 to C$13.00. On average, they predict the company's stock price to reach C$10.10 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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 C$10.44 at the start of the year. Since then, TCN stock has increased by 3.8% and is now trading at C$10.84.
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 Wednesday, March 6th 2024.
View our TCN earnings forecast.
How were Tricon Residential's earnings last quarter?: Tricon Residential Inc. (TSE:TCN) released its quarterly earnings results on Tuesday, November, 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The company had revenue of $167.67 million for the quarter, compared to the consensus estimate of $183.06 million. Tricon Residential had a net margin of 24.35% and a trailing twelve-month return on equity of 5.57%.

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 0.08 per share on Monday, January 15th. This represents a $0.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of C$0.08.
Read our dividend analysis for TCN.
Is Tricon Residential a good dividend stock?: Tricon Residential (TSE:TCN) pays an annual dividend of C$0.32 per share and currently has a dividend yield of 2.93%. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TCN.
What other stocks do shareholders of Tricon Residential own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tricon Residential investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Rogers Communications (RCI) and Valeant Pharmaceuticals International (VRX).
How do I buy shares of Tricon Residential?: Shares of TCN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TCN) was last updated on 12/9/2023 by MarketBeat.com Staff

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Tricon Residential Stock Price, News & Analysis (TSE:TCN)

Tricon Residential MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About Tricon Residential Stock (TSE:TCN)

TCN Stock Price History

TCN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TCN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™