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TSE:TCN

Tricon Residential (TCN) Stock Forecast, Price & News

C$9.32
-0.27 (-2.82%)
(As of 10/3/2023 ET)
Compare
Today's Range
C$9.21
▼
C$9.52
50-Day Range
C$9.32
▼
C$12.46
52-Week Range
C$9.21
▼
C$12.62
Volume
792,452 shs
Average Volume
536,740 shs
Market Capitalization
C$2.54 billion
P/E Ratio
31.07
Dividend Yield
3.33%
Price Target
C$12.85
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media

Tricon Residential MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
37.9% Upside
C$12.85 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.

2.09 out of 5 stars

See Top Rated MarketRank™ Stocks Here

TCN stock logo

About Tricon Residential (TSE:TCN) Stock

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 Price History

TCN Stock News Headlines

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
October 3, 2023 | Behind the Markets (Ad)
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's
A 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.com
Canary Landing, Toronto's newest purpose-built rental community by Dream, Kilmer Group and Tricon, launches its first phase, Maple House
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
October 3, 2023 | Behind the Markets (Ad)
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's
A 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.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)
August 10, 2022 | finance.yahoo.com
Tricon Reports Solid Q2 2022 Results Driven by Strong SFR Fundamentals and Fee Income
July 15, 2022 | markets.businessinsider.com
Analyst Ratings for Tricon Residential
June 14, 2022 | morningstar.com
Tricon Residential Inc - Stock Chart
June 9, 2022 | nz.finance.yahoo.com
Tricon Launches Market-Leading Down Payment Assistance Program, Expands Environmental Sustainability Initiatives and Releases ESG Report
See More Headlines
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TCN Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2023
Dividend Payable
7/15/2023
Last Earnings
8/08/2023
Ex-Dividend for 10/15 Dividend
9/28/2023
Today
10/03/2023
Dividend Payable
10/15/2023
Next Earnings (Estimated)
11/14/2023
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 Forecast
C$12.85
High Stock Price Forecast
C$18.00
Low Stock Price Forecast
C$5.75
Forecasted Upside/Downside
+34.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$0.30
Trailing P/E Ratio
31.97
Forward P/E Ratio
14.58
P/E Growth
N/A
Net Income
C$292.54 million
Net Margins
32.51%
Pretax Margin
N/A
Return on Equity
8.05%
Return on Assets
2.59%

Debt

Debt-to-Equity Ratio
159.34
Current Ratio
0.17
Quick Ratio
0.32

Sales & Book Value

Annual Sales
C$932.07 million
Price / Sales
2.80
Cash Flow
C$0.47 per share
Price / Cash Flow
20.33
Book Value
C$14.09 per share
Price / Book
0.68

Miscellaneous

Outstanding Shares
272,170,000
Free Float
N/A
Market Cap
C$2.61 billion
Optionable
Not Optionable
Beta
1.31
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Key Executives

  • Mr. David Berman B.Sc. (Age 75)
    BSc, M.B.A., MBA, Co-Founder & Exec. Chairman
    Comp: $4.18M
  • Mr. Gary Berman (Age 49)
    Pres, CEO & Director
    Comp: $17.01M
  • Mr. Geoffrey Matus B.Comm. (Age 74)
    J.D., LLB, LLM, Co-Founder & Non Independent Director
    Comp: $1.9M
  • Mr. Wissam Francis CPA
    Exec. VP & CFO
  • Mr. Kevin Baldridge
    Exec. VP & COO
  • Mr. Jonathan Ellenzweig
    Exec. 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
    Sr. Mang. of Investor Relations
  • Mr. David Veneziano
    Exec. VP, Chief Legal Officer, Corp. Sec. & Chief Compliance Officer

Key Competitors

View All Competitors

Insiders

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

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