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

C$10.73
0.00 (0.00%)
(As of 01:44 PM ET)
Compare
Today's Range
C$10.64
C$10.80
50-Day Range
C$9.11
C$11.04
52-Week Range
C$9.03
C$12.55
Volume
88,689 shs
Average Volume
529,804 shs
Market Capitalization
C$2.92 billion
P/E Ratio
13.41
Dividend Yield
2.98%
Price Target
C$10.10

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.4% 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


TCN stock logo

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

TCN Stock News Headlines

Countries Are Investing Heavily Into Securing Energy Independence
There'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.
TCN:CA Tricon Residential Inc.
Tricon Residential Inc TCN
Tricon Residential (TCN) Receives a Buy from BMO Capital
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As 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.
The Need For A Renter's Bill Of Rights
Tricon Residential Inc
TCN Tricon Residential Inc.
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
12/08/2023
Ex-Dividend for 1/15 Dividend
12/28/2023
Dividend Payable
1/15/2024
Next Earnings (Estimated)
3/06/2024

Industry, Sector and Symbol

Industry
Real Estate Services
Sub-Industry
N/A
CIK
N/A
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
-5.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
C$205.79 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$852.51 million
Cash Flow
C$0.53 per share
Book Value
C$14.34 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.92 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














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

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