TSE:TCN Tricon Residential (TCN) Stock Forecast, Price & News C$9.32 -0.27 (-2.82%) (As of 10/3/2023 ET) Add Compare Share Share Today's RangeC$9.21▼C$9.5250-Day RangeC$9.32▼C$12.4652-Week RangeC$9.21▼C$12.62Volume792,452 shsAverage Volume536,740 shsMarket CapitalizationC$2.54 billionP/E Ratio31.07Dividend Yield3.33%Price TargetC$12.85 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Tricon Residential MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside37.9% UpsideC$12.85 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.09 out of 5 stars 3.5 Analyst's Opinion Consensus RatingTricon Residential has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$12.85, Tricon Residential has a forecasted upside of 37.9% from its current price of C$9.32.Amount of Analyst CoverageTricon Residential has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for TCN. Previous Next 0.8 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 3.12%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTricon Residential does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tricon Residential is 103.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCN. Previous Next 0.0 News and Social Media Coverage Search InterestOnly 1 people have searched for TCN on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tricon Residential insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.96% of the stock of Tricon Residential is held by insiders.Percentage Held by Institutions68.34% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Tricon Residential is 31.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 31.07, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 138.12.Price to Book Value per Share RatioTricon Residential has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tricon Residential (TSE:TCN) StockTricon 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.Read More TCN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCN Stock News HeadlinesAugust 10, 2023 | markets.businessinsider.comTricon Residential (TCN) Receives a Buy from BMO CapitalJuly 18, 2023 | finance.yahoo.comWith 67% ownership, Tricon Residential Inc. (TSE:TCN) boasts of strong institutional backingOctober 3, 2023 | Behind the Markets (Ad)Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer'sA small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>May 24, 2023 | finance.yahoo.comCanary Landing, Toronto's newest purpose-built rental community by Dream, Kilmer Group and Tricon, launches its first phase, Maple HouseMay 15, 2023 | markets.businessinsider.comRBC Capital Thinks Tricon Residential’s Stock is Going to RecoverMay 9, 2023 | msn.comTricon Residential FFO of $0.14 beats by $0.01, Net operating income of $74.6MMay 9, 2023 | finance.yahoo.comOwl Rock Capital (ORCC) to Post Q1 Earnings: What to ExpectMay 9, 2023 | finance.yahoo.comTricon Delivers Solid Q1 2023 Results and Reiterates Full-Year GuidanceOctober 3, 2023 | Behind the Markets (Ad)Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer'sA small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>March 18, 2023 | theglobeandmail.comTricon Residential: Top 10 Undervalued Mid Cap Stocks on TSX (TCN)March 18, 2023 | finance.yahoo.comBullish Tricon Residential Inc. (TSE:TCN) insiders filled their treasuries with US$1.6m worth of stock over last yearMarch 8, 2023 | finance.yahoo.comTricon Residential Inc. (NYSE:TCN) Q4 2022 Earnings Call TranscriptMarch 1, 2023 | msn.comTricon Residential FFO of $0.31 beats by $0.02, revenue of $73.74MFebruary 8, 2023 | finance.yahoo.comTricon Residential Inc. (TSE:TCN) is a favorite amongst institutional investors who own 64%February 7, 2023 | finance.yahoo.comTricon Announces Date for Fourth Quarter 2022 Results Conference CallJanuary 26, 2023 | forbes.comThe Need For A Renter's Bill Of RightsJanuary 3, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in Tricon (TCN) Stock?November 13, 2022 | theglobeandmail.comTricon Residential: Top 25 Undervalued Toronto Stock Exchange Stocks (TCN)October 20, 2022 | nz.finance.yahoo.comTricon Announces Resident Bill of Rights, a New Standard for Single-Family Rental HousingOctober 3, 2022 | reuters.comTricon Residential IncSeptember 23, 2022 | theglobeandmail.comTricon Residential: Top 10 Undervalued Dividend Stocks on TSX (TCN)September 21, 2022 | seekingalpha.comTCN Tricon Residential Inc.September 9, 2022 | finance.yahoo.comTricon Residential Inc. (TCN)August 10, 2022 | finance.yahoo.comTricon Reports Solid Q2 2022 Results Driven by Strong SFR Fundamentals and Fee IncomeJuly 15, 2022 | markets.businessinsider.comAnalyst Ratings for Tricon ResidentialJune 14, 2022 | morningstar.comTricon Residential Inc - Stock ChartJune 9, 2022 | nz.finance.yahoo.comTricon Launches Market-Leading Down Payment Assistance Program, Expands Environmental Sustainability Initiatives and Releases ESG ReportSee 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. Email Address TCN Company Calendar Ex-Dividend for 7/15 Dividend6/29/2023Dividend Payable7/15/2023Last Earnings8/08/2023Ex-Dividend for 10/15 Dividend9/28/2023Today10/03/2023Dividend Payable10/15/2023Next Earnings (Estimated)11/14/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Real Estate Services Sub-IndustryN/A SectorReal Estate Current SymbolTSE:TCN CUSIPN/A CIKN/A Webwww.triconcapital.com Phone+1-416-9257228FaxN/AEmployees1,010Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$12.85 High Stock Price ForecastC$18.00 Low Stock Price ForecastC$5.75 Forecasted Upside/Downside+34.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.30 Trailing P/E Ratio31.97 Forward P/E Ratio14.58 P/E GrowthN/ANet IncomeC$292.54 million Net Margins32.51% Pretax MarginN/A Return on Equity8.05% Return on Assets2.59% Debt Debt-to-Equity Ratio159.34 Current Ratio0.17 Quick Ratio0.32 Sales & Book Value Annual SalesC$932.07 million Price / Sales2.80 Cash FlowC$0.47 per share Price / Cash Flow20.33 Book ValueC$14.09 per share Price / Book0.68Miscellaneous Outstanding Shares272,170,000Free FloatN/AMarket CapC$2.61 billion OptionableNot Optionable Beta1.31 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. David Berman B.Sc. (Age 75)BSc, M.B.A., MBA, Co-Founder & Exec. Chairman Comp: $4.18MMr. Gary Berman (Age 49)Pres, CEO & Director Comp: $17.01MMr. Geoffrey Matus B.Comm. (Age 74)J.D., LLB, LLM, Co-Founder & Non Independent Director Comp: $1.9MMr. Wissam Francis CPAExec. VP & CFOMr. Kevin BaldridgeExec. VP & COOMr. Jonathan EllenzweigExec. VP & Chief Investment OfficerMs. Gina McMullan C.A.CPA, Chief Accounting OfficerMs. Reshma Block (Age 48)Head of Technology & Innovation Charlotte Thuot KucyiSr. Mang. of Investor RelationsMr. David VenezianoExec. VP, Chief Legal Officer, Corp. Sec. & Chief Compliance OfficerMore ExecutivesKey CompetitorsFirst Capital RealtyTSE:FCR.UNGazit GlobeTSE:GZTAltus GroupTSE:AIFStorageVault CanadaTSE:SVIMainstreet EquityTSE:MEQView All CompetitorsInsidersWissam FrancisBought 2,000 shares on 12/21/2022Total: C$20,142.00 ($10.07/share)Wissam FrancisBought 16,900 shares on 11/11/2022Total: C$201,448.00 ($11.92/share)David BermanBought 33,000 shares on 10/14/2022Total: C$379,500.00 ($11.50/share)View All Insider Transactions TCN Stock - 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 twelve months. There are currently 3 buy ratings 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. What is Tricon Residential's stock price forecast for 2023? 3 Wall Street research analysts have issued twelve-month target prices for Tricon Residential's stock. Their TCN share price forecasts range from C$5.75 to C$18.00. On average, they anticipate the company's stock price to reach C$12.85 in the next year. This suggests a possible upside of 34.0% 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 C$10.44 on January 1st, 2023. Since then, TCN shares have decreased by 8.1% and is now trading at C$9.59. 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. (TSE:TCN) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm earned $166.65 million during the quarter. Tricon Residential had a trailing twelve-month return on equity of 8.05% and a net margin of 32.51%. 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. Investors of record on Saturday, September 30th will be given a dividend of 0.077 per share on Sunday, October 15th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, September 28th. Read our dividend analysis for TCN. Is Tricon Residential a good dividend stock? Tricon Residential (TSE:TCN) pays an annual dividend of C$0.31 per share and currently has a dividend yield of 3.12%. The dividend payout ratio is 103.33%. Payout ratios above 75% are not desirable because they may not be sustainable. 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). What is Tricon Residential's stock symbol? Tricon Residential trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TCN." 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. What is Tricon Residential's stock price today? One share of TCN stock can currently be purchased for approximately C$9.59. How much money does Tricon Residential make? Tricon Residential (TSE:TCN) has a market capitalization of C$2.61 billion and generates C$932.07 million in revenue each year. The company earns C$292.54 million in net income (profit) each year or C$0.30 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? Tricon Residential's mailing address is 1067 Yonge St, TORONTO, ON M4W 2L2, Canada. The official website for the company is www.triconcapital.com. The company can be reached via phone at +1-416-9257228. This page (TSE:TCN) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tricon Residential Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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