Tricon Residential Stock Price, News & Analysis (TSE:TCN) C$10.73 0.00 (0.00%) (As of 01:44 PM ET) Add Compare Share Share Today's RangeC$10.64▼C$10.8050-Day RangeC$9.11▼C$11.0452-Week RangeC$9.03▼C$12.55Volume88,689 shsAverage Volume529,804 shsMarket CapitalizationC$2.92 billionP/E Ratio13.41Dividend Yield2.98%Price TargetC$10.10 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Tricon Residential MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside5.4% DownsideC$10.10 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.1.39 out of 5 stars 1.3 Analyst's Opinion Consensus RatingTricon 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/DownsideAccording to analysts' consensus price target of C$10.10, Tricon Residential has a forecasted downside of 5.4% from its current price of C$10.68.Amount of Analyst CoverageTricon Residential has only been the subject of 3 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 2.93%, 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 40.00%. 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 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Tricon Residential this week, compared to 0 articles on an average week. 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 13.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.69.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 13.35, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 152.75.Price to Book Value per Share RatioTricon Residential has a P/B Ratio of 0.74. 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 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.Read More TCN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCN Stock News HeadlinesDecember 6, 2023 | americanbankingnews.comTricon Residential (TSE:TCN) Stock Passes Above Two Hundred Day Moving Average of $10.96November 28, 2023 | americanbankingnews.comTricon Residential (TSE:TCN) Stock Price Crosses Above 200 Day Moving Average of $10.96December 8, 2023 | Financial Alphas (Ad)Countries Are Investing Heavily Into Securing Energy IndependenceThere's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.November 23, 2023 | seekingalpha.comTCN:CA Tricon Residential Inc.November 11, 2023 | morningstar.comTricon Residential Inc TCNNovember 9, 2023 | finanznachrichten.deTricon Residential Inc. Reports Q3 2023 Results as Strong Property Fundamentals ContinueAugust 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 backingDecember 8, 2023 | Edge On The Street (Ad)Energy Storage Trend Ignites Frenzy Over Vanadium SupplyAs the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.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 GuidanceMarch 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.See 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 Company Calendar Ex-Dividend for 10/15 Dividend9/28/2023Dividend Payable10/15/2023Last Earnings11/07/2023Today12/08/2023Ex-Dividend for 1/15 Dividend12/28/2023Dividend Payable1/15/2024Next Earnings (Estimated)3/06/2024Get 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 TargetC$10.10 High Stock Price TargetC$13.00 Low Stock Price TargetC$5.75 Potential Upside/Downside-5.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.80 Trailing P/E Ratio13.41 Forward P/E Ratio14.72 P/E GrowthN/ANet IncomeC$205.79 million Net Margins24.35% Pretax MarginN/A Return on Equity5.57% Return on Assets2.02% Debt Debt-to-Equity Ratio153.40 Current Ratio0.25 Quick Ratio0.32 Sales & Book Value Annual SalesC$852.51 million Price / Sales3.43 Cash FlowC$0.53 per share Price / Cash Flow20.33 Book ValueC$14.34 per share Price / Book0.75Miscellaneous Outstanding Shares272,360,000Free FloatN/AMarket CapC$2.92 billion OptionableNot Optionable Beta1.37 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. David Berman B.Sc. (Age 75)M.B.A., Co-Founder & Executive Chairman Comp: $5.74MMr. Gary Berman (Age 49)President, CEO & Director Comp: $23.35MMr. Geoffrey Matus B.Comm. (Age 74)J.D., LLB, LLM, Co-Founder & Non Independent Director Comp: $2.61MMr. Wissam Francis CPAExecutive VP & CFOMr. Kevin BaldridgeExecutive VP & COOMr. Jonathan EllenzweigExecutive VP & Chief Investment OfficerMs. Gina McMullan C.A.CPA, Chief Accounting OfficerMs. Reshma Block (Age 48)Head of Technology & Innovation Charlotte Thuot KucyiSenior Manager of Investor RelationsMr. David VenezianoExecutive VP, Chief Legal Officer, Corporate Secretary & Chief Compliance OfficerMore ExecutivesKey CompetitorsFirst Capital RealtyTSE:FCR.UNGazit GlobeTSE:GZTStorageVault CanadaTSE:SVIAltus GroupTSE:AIFMainstreet EquityTSE:MEQView All CompetitorsInsidersWissam FrancisBought 2,000 shares on 12/21/2022Total: 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 research 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 research 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 brokerages have issued 12 month price objectives for Tricon Residential's stock. Their TCN share price targets range from C$5.75 to C$13.00. On average, they anticipate the company's share price to reach C$10.10 in the next year. This suggests that the stock has a possible downside of 5.4%. 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 beginning of the year. Since then, TCN shares have increased by 2.3% and is now trading at C$10.68. 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) announced its quarterly earnings data on Tuesday, November, 7th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm earned $167.67 million during the quarter, compared to analysts' expectations of $183.06 million. Tricon Residential had a trailing twelve-month return on equity of 5.57% and a net margin of 24.35%. 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. Stockholders 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 3.00%. The ex-dividend date 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 12/8/2023 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. 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