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TSE:TCN

Tricon Residential - TCN Stock Forecast, Price & News

C$15.07
+0.06 (+0.40%)
(As of 08/12/2022 02:31 PM ET)
Add
Compare
Today's Range
C$14.96
C$15.26
50-Day Range
C$12.31
C$15.40
52-Week Range
C$12.20
C$21.58
Volume
305,419 shs
Average Volume
777,755 shs
Market Capitalization
C$4.11 billion
P/E Ratio
4.36
Dividend Yield
1.99%
Price Target
C$18.27
TCN stock logo

About Tricon Residential (TSE:TCN) Stock

Founded 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.

Tricon Residential Stock Up 1.7 %

Shares of TCN traded up C$0.25 during midday trading on Thursday, reaching C$15.01. 747,097 shares of the company were exchanged, compared to its average volume of 780,885. The stock has a 50-day moving average price of C$13.62 and a 200-day moving average price of C$16.87. The company has a market cap of C$4.11 billion and a price-to-earnings ratio of 4.34. Tricon Residential has a 1-year low of C$12.20 and a 1-year high of C$21.58. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 145.34.

Tricon Residential (TSE:TCN - Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported C$0.74 EPS for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.55. The company had revenue of C$175.81 million for the quarter, compared to analyst estimates of C$174.64 million. Research analysts expect that Tricon Residential will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. CIBC decreased their price objective on Tricon Residential from C$22.00 to C$20.50 in a report on Monday, June 27th. National Bankshares decreased their price objective on Tricon Residential from C$21.00 to C$17.00 and set an "outperform" rating on the stock in a report on Wednesday, July 20th. Finally, BMO Capital Markets raised their price objective on Tricon Residential from C$22.50 to C$23.00 in a report on Thursday, April 14th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tricon Residential presently has a consensus rating of "Moderate Buy" and an average target price of C$18.27.

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TCN Stock News Headlines

Tricon Residential (TCN) Scheduled to Post Earnings on Thursday
Analyst Ratings for Tricon Residential
Tricon Residential Inc - Stock Chart
TCN - Tricon Residential Inc Profile | Reuters
Tricon Residential Inc. Common Shares (TCN)
See More Headlines
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TCN Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/12/2022
Next Earnings (Estimated)
11/08/2022

Industry, Sector and Symbol

Industry
Real Estate Services
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
968
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$17.95
High Stock Price Forecast
C$21.00
Low Stock Price Forecast
C$15.75
Forecasted Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$673.33 million
Cash Flow
C$0.54 per share
Book Value
C$11.80 per share

Miscellaneous

Free Float
N/A
Market Cap
C$4.11 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Gary Berman (Age 48)
    Pres, CEO & Director
    Comp: $5.17M
  • Mr. Geoffrey Matus B.Comm. (Age 73)
    J.D., LLB, LLM, Co-Founder & Non Independent Director
    Comp: $1.29M
  • Mr. Wissam Francis CPA
    Exec. VP & CFO
  • Mr. Kevin Baldridge
    Chief Operating Officer
  • Mr. Jonathan Ellenzweig
    Chief Investment Officer
  • Ms. Gina McMullan C.A.
    CPA, Chief Accounting Officer
  • Ms. Reshma Block (Age 47)
    Head of Technology & Innovation
  • Mr. David Veneziano
    Chief Legal Officer, Corp. Sec. & Chief Compliance Officer
  • Ms. Kim Ciabattoni
    VP of Counsel
  • Ms. Tara Tucker
    VP of Communications













TCN Stock - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 2 hold ratings and 8 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 2022?

10 analysts have issued 1-year price targets for Tricon Residential's shares. Their TCN share price forecasts range from C$15.75 to C$23.00. On average, they expect the company's share price to reach C$18.27 in the next year. This suggests a possible upside of 21.7% 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 2022?

Tricon Residential's stock was trading at C$19.36 on January 1st, 2022. Since then, TCN shares have decreased by 22.5% and is now trading at C$15.01.
View the best growth stocks for 2022 here
.

When is Tricon Residential's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our TCN earnings forecast
.

How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential?

Tricon Residential announced a quarterly dividend on Tuesday, May 10th. Stockholders of record on Thursday, June 30th will be given a dividend of 0.075 per share on Friday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, June 29th. This is a positive change 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 2.06%. The dividend payout ratio is 6.57%. 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?

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$15.01.

How much money does Tricon Residential make?

Tricon Residential (TSE:TCN) has a market capitalization of C$4.11 billion and generates C$673.33 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 8/12/2022 by MarketBeat.com Staff

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