TSE:TCN Tricon Residential - TCN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. C$12.21 +0.61 (+5.26%) (As of 02/2/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$11.73▼C$12.3950-Day RangeC$9.88▼C$12.2152-Week RangeC$9.83▼C$21.58Volume1.28 million shsAverage Volume569,855 shsMarket CapitalizationC$3.34 billionP/E Ratio3.60Dividend Yield2.76%Price TargetC$15.09 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Tricon Residential MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside23.6% UpsideC$15.09 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.15Based on 10 Articles This WeekInsider TradingAcquiring SharesC$221,590 Bought Last QuarterProj. 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.1.90 out of 5 stars 2.4 Analyst's Opinion Consensus RatingTricon Residential has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$15.09, Tricon Residential has a forecasted upside of 23.6% from its current price of C$12.21.Amount of Analyst CoverageTricon Residential has only been the subject of 2 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 1.7 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 2.76%, 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 6.84%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCN. Previous Next 1.0 News and Social Media Coverage News SentimentTricon Residential has a news sentiment score of -0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Real Estate companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Tricon Residential this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for TCN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Tricon Residential to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 bought more of their company's stock than they have sold. Specifically, they have bought C$221,590.00 in company stock and sold C$0.00 in company stock. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Tricon Residential is 3.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 3.60, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 208.25.Price to Book Value per Share RatioTricon Residential has a P/B Ratio of 0.89. 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) StockFounded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform. More information about Tricon is available at www.triconresidential.com.Read More 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 Stock News HeadlinesFebruary 3, 2023 | americanbankingnews.comNational Bank Financial Weighs in on Tricon Residential Inc.'s Q4 2022 Earnings (TSE:TCN)February 2, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for Tricon Residential Inc.'s FY2023 Earnings (TSE:TCN)February 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 2, 2023 | americanbankingnews.comTricon Residential (TSE:TCN) Price Target Lowered to C$13.00 at National BanksharesJanuary 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 HousingFebruary 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.October 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 ReportMay 25, 2022 | nasdaq.comRSI Alert: Tricon Residential (TCN) Now OversoldMay 10, 2022 | finance.yahoo.comTricon Reports Strong Q1 2022 Results and Updates Full-Year GuidanceApril 18, 2022 | finance.yahoo.comTricon Announces Date for First Quarter 2022 Results Conference CallApril 14, 2022 | finance.yahoo.comInvestors in Tricon Residential (TSE:TCN) have made a favorable return of 90% over the past three yearsMarch 22, 2022 | apnews.comKBRA Assigns Preliminary Ratings to Tricon Residential 2022-SFR1March 19, 2022 | finance.yahoo.comDo Tricon Residential's (TSE:TCN) Earnings Warrant Your Attention?March 4, 2022 | americanbankingnews.comTricon Residential (TSE:TCN) Price Target Raised to C$22.50 at BMO Capital MarketsMarch 2, 2022 | finance.yahoo.comTricon Completes Breakout Year with Strong Q4 2021 Financial Results and Operating MetricsJanuary 31, 2022 | finance.yahoo.comTricon Announces Date for Year-End 2021 Results Conference CallJanuary 26, 2022 | finance.yahoo.comTricon Residential Launches Tricon Vantage Program to Help Residents Enhance their Financial WellbeingSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Last Earnings11/08/2022Ex-Dividend for 1/15 Dividend12/29/2022Dividend Payable1/15/2023Today2/02/2023Next Earnings (Estimated)3/01/2023Get 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/AEmployees968Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$15.09 High Stock Price ForecastC$18.50 Low Stock Price ForecastC$12.50 Forecasted Upside/Downside+23.6%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio3.60 Forward P/E Ratio20.69 P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio157.98 Current Ratio0.63 Quick Ratio0.32 Sales & Book Value Annual SalesC$873.36 million Price / Sales3.83 Cash FlowC$0.60 per share Price / Cash Flow20.33 Book ValueC$13.77 per share Price / Book0.89Miscellaneous Outstanding Shares273,761,000Free FloatN/AMarket CapC$3.34 billion OptionableNot Optionable BetaN/A Key ExecutivesMr. Gary Berman (Age 48)Pres, CEO & Director Comp: $5.17MMr. Geoffrey Matus B.Comm. (Age 73)J.D., LLB, LLM, Co-Founder & Non Independent Director Comp: $1.29MMr. Wissam Francis CPAExec. VP & CFOMr. Kevin BaldridgeChief Operating OfficerMr. Jonathan EllenzweigChief Investment OfficerMs. Gina McMullan C.A.CPA, Chief Accounting OfficerMs. Reshma Block (Age 47)Head of Technology & Innovation Mr. David VenezianoChief Legal Officer, Corp. Sec. & Chief Compliance OfficerMs. Kim CiabattoniVP of CounselMs. Tara TuckerVP of CommunicationsMore ExecutivesKey CompetitorsFirst Capital RealtyTSE:FCR.UNGazit GlobeTSE:GZTMorguardTSE:MRCColliers International GroupTSE:CIGIFirstServiceTSE:FSVView All CompetitorsInsiders & InstitutionsWissam 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)Gary BermanBought 47 shares on 3/31/2022Total: C$938.12 ($19.96/share)John Michael Arthur KnowltonSold 14,757 sharesTotal: C$230,299.22 ($15.61/share)View All Insider Transactions TCN Stock - Frequently Asked Questions Should I buy or sell Tricon Residential stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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? 7 analysts have issued 1 year target prices for Tricon Residential's stock. Their TCN share price forecasts range from C$12.50 to C$18.50. On average, they expect the company's share price to reach C$15.09 in the next twelve months. This suggests a possible upside of 23.6% 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 stock has increased by 17.0% and is now trading at C$12.21. 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 1st 2023. View our TCN earnings forecast. How were Tricon Residential's earnings last quarter? Tricon Residential Inc. (TSE:TCN) issued its earnings results on Tuesday, November, 8th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.20 by $0.44. The company earned $222.82 million during the quarter. How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential? Tricon Residential declared a quarterly dividend on Thursday, December 29th. Shareholders of record on Sunday, January 15th will be paid a dividend of 0.079 per share on Sunday, January 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, December 29th. This is an increase from the stock's previous quarterly dividend of C$0.07. Read our dividend analysis for TCN. Is Tricon Residential a good dividend stock? Tricon Residential (TSE:TCN) pays an annual dividend of C$0.23 per share and currently has a dividend yield of 2.76%. The dividend payout ratio is 6.84%. 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), Wheaton Precious Metals (WPM), 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$12.21. How much money does Tricon Residential make? Tricon Residential (TSE:TCN) has a market capitalization of C$3.34 billion and generates C$873.36 million in revenue each year. How many employees does Tricon Residential have? The company employs 968 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 2/3/2023 by MarketBeat.com Staff 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. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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