Should I buy or sell Tricon Residential stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCN, but not buy additional shares or sell existing shares. View TCN analyst ratings or view top-rated stocks .

What is Tricon Residential's stock price target for 2024?

2 Wall Street analysts have issued 1 year price targets for Tricon Residential's shares. Their TCN share price targets range from C$9.00 to C$15.17. On average, they anticipate the company's share price to reach C$12.39 in the next year. This suggests that the stock has a possible downside of 18.2%. View analysts price targets for TCN or view top-rated stocks among Wall Street analysts .

How have TCN shares performed in 2024?

Tricon Residential's stock was trading at C$12.06 at the beginning of the year. Since then, TCN shares have increased by 25.6% and is now trading at C$15.15. View the best growth stocks for 2024 here .

When is Tricon Residential's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our TCN earnings forecast .

How were Tricon Residential's earnings last quarter?

Tricon Residential Inc. (TSE:TCN) released its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by $0.38. The firm had revenue of $308.26 million for the quarter, compared to analysts' expectations of $171.82 million. Tricon Residential had a trailing twelve-month return on equity of 3.18% and a net margin of 12.91%.

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

Tricon Residential declared a quarterly dividend on Thursday, December 28th. Investors of record on Monday, January 15th will be given a dividend of 0.08 per share on Monday, January 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase 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$0.31 per share and currently has a dividend yield of 2.06%. The dividend payout ratio is 55.36%. 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) .

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 .

TSE:TCN

Tricon Residential (TCN) Stock Price, News & Analysis

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Free TCN Stock Alerts

C$15.11

-0.05 (-0.33%)

(As of 03:52 PM ET)

Compare

Today's Range: C$15.06
▼
C$15.22
50-Day Range: C$14.82
▼
C$15.31
52-Week Range: C$9.03
▼
C$15.39

Volume: 495,925 shs
Average Volume: 916,216 shs
Market Capitalization: C$4.12 billion

P/E Ratio: 26.98
Dividend Yield: 2.05%
Price Target: C$12.39

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Tricon Residential alerts:

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 18.2% Downside
C$12.39 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
C$5.53 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.75 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
Tricon Residential has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Tricon Residential has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for TCN.

1.7

Dividend Strength

Dividend Yield
Tricon Residential pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Tricon Residential does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tricon Residential is 55.36%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCN.

2.6

News and Social Media Coverage

News Sentiment
Tricon Residential has a news sentiment score of 0.59. 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 higher news sentiment than the 0.41 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Tricon Residential this week, compared to 0 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tricon Residential insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$5,530,979.00 in company stock.
Percentage Held by Insiders
Only 3.38% of the stock of Tricon Residential is held by insiders.
Percentage Held by Institutions
80.48% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tricon Residential is 27.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tricon Residential is 27.05, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 210.25.
Price to Book Value per Share Ratio
Tricon Residential has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Tricon Residential Stock (TSE:TCN)

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner, operator and developer of a growing portfolio of approximately 38,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Toronto, 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 in Toronto, 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

30 days | 90 days | 365 days | Advanced Chart

TCN Stock News Headlines

March 29, 2024 | insidertrades.com

Insider Selling: Tricon Residential Inc. (TSE:TCN) Director Sells 200,000 Shares of Stock

March 23, 2024 | insidertrades.com

Ira Gluskin Sells 65,841 Shares of Tricon Residential Inc. (TSE:TCN) Stock

April 16, 2024 | Paradigm Press (Ad)

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March 20, 2024 | insidertrades.com

Tricon Residential Inc. (TSE:TCN) Director Sells C$1,512,000.00 in Stock

April 16, 2024 | americanbankingnews.com

Tricon Residential (TSE:TCN) Share Price Crosses Above 200-Day Moving Average of $12.59

April 6, 2024 | americanbankingnews.com

Tricon Residential (TSE:TCN) Stock Crosses Above 200 Day Moving Average of $12.38

April 6, 2024 | americanbankingnews.com

Tricon Residential (TSE:TCN) Stock Price Crosses Above 200 Day Moving Average of $12.38

February 27, 2024 | msn.com

Tricon Residential FFO of $0.15 beats by $0.01

April 16, 2024 | Paradigm Press (Ad)

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February 23, 2024 | benzinga.com

Tricon Residential Stock (NYSE:TCN), Analyst Ratings, Price Targets, Predictions

February 18, 2024 | msn.com

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February 6, 2024 | msn.com

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February 5, 2024 | theglobeandmail.com

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January 31, 2024 | realmoney.thestreet.com

Tricon Residential just downgraded at Wolfe Research, here's why

January 19, 2024 | msn.com

Tricon’s stock jumps by 28% on $3.5 billion buyout deal by Blackstone

January 19, 2024 | msn.com

Tricon’s stock rallies 28% on $3.5 billion buyout deal by Blackstone

January 19, 2024 | baystreet.ca

Tricon at 52-Week High on Blackstone Deal

January 19, 2024 | benzinga.com

Financials Company Blackstone Announces Acquisition of Tricon Residential

January 19, 2024 | finance.yahoo.com

Blackstone Is Moving Back Into Rental Homes With Tricon Deal

December 13, 2023 | finance.yahoo.com

Rental Revolution: 3 Stocks to Ride Housing’s Newest Trend

November 23, 2023 | seekingalpha.com

TCN:CA Tricon Residential Inc.

November 11, 2023 | morningstar.com

Tricon Residential Inc TCN

November 9, 2023 | finanznachrichten.de

Tricon Residential Inc. Reports Q3 2023 Results as Strong Property Fundamentals Continue

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

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

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: Real Estate Services
Sub-Industry: N/A
Current Symbol: TSE:TCN
CUSIP: N/A
CIK: N/A
Web: www.triconcapital.com
Phone: +1-416-9257228
Fax: N/A
Employees: 978
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$12.39
High Stock Price Target: C$15.17
Low Stock Price Target: C$9.00
Potential Upside/Downside: -18.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.56
Trailing P/E Ratio: 27.07
Forward P/E Ratio: 14.42
P/E Growth: N/A
Net Income: C$114.19 million
Net Margins: 12.91%
Pretax Margin: N/A
Return on Equity: 3.18%
Return on Assets: 2.08%

Debt

Debt-to-Equity Ratio: 157.17
Current Ratio: 0.49
Quick Ratio: 0.32

Sales & Book Value

Annual Sales: C$884.73 million
Price / Sales: 4.67
Cash Flow: C$0.75 per share
Price / Cash Flow: 20.33
Book Value: C$14.17 per share
Price / Book: 1.07

Miscellaneous

Outstanding Shares: 272,640,000
Free Float: N/A
Market Cap: C$4.13 billion
Optionable: Not Optionable
Beta: 1.47

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Key Executives

Mr. David Berman B.Sc. (Age 76)
M.B.A., Co-Founder & Executive Chairman
Mr. Gary Berman (Age 49)
President, CEO & Director
Mr. Geoffrey Matus B.Comm. (Age 75)
J.D., LLB, LLM, Co-Founder & Non Independent Director
Mr. Wissam Francis CPA
Executive VP & CFO
Mr. Kevin Baldridge
Executive VP & COO
Mr. Jonathan Ellenzweig
Executive VP & Chief Investment Officer
Mr. David Veneziano
Executive VP, Chief Legal Officer, Corporate Secretary & Chief Compliance Officer
Ms. Sherrie Suski
Executive VP & Chief People Officer
Mr. Andrew Joyner
MD & Head of Multi-Family Investments
Mr. Andrew Carmody
Senior MD of Investments & Chief Sustainability Officer

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

TCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCN, but not buy additional shares or sell existing shares.
View TCN analyst ratings or view top-rated stocks.
What is Tricon Residential's stock price target for 2024?: 2 Wall Street analysts have issued 1 year price targets for Tricon Residential's shares. Their TCN share price targets range from C$9.00 to C$15.17. On average, they anticipate the company's share price to reach C$12.39 in the next year. This suggests that the stock has a possible downside of 18.2%.
View analysts price targets for TCN or view top-rated stocks among Wall Street analysts.
How have TCN shares performed in 2024?: Tricon Residential's stock was trading at C$12.06 at the beginning of the year. Since then, TCN shares have increased by 25.6% and is now trading at C$15.15.
View the best growth stocks for 2024 here.
When is Tricon Residential's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our TCN earnings forecast.
How were Tricon Residential's earnings last quarter?: Tricon Residential Inc. (TSE:TCN) released its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by $0.38. The firm had revenue of $308.26 million for the quarter, compared to analysts' expectations of $171.82 million. Tricon Residential had a trailing twelve-month return on equity of 3.18% and a net margin of 12.91%.

How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential?: Tricon Residential declared a quarterly dividend on Thursday, December 28th. Investors of record on Monday, January 15th will be given a dividend of 0.08 per share on Monday, January 15th. This represents a $0.32 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase 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$0.31 per share and currently has a dividend yield of 2.06%. The dividend payout ratio is 55.36%. 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).
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 4/16/2024 by MarketBeat.com Staff

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Tricon Residential (TCN) Stock Price, News & Analysis

Tricon Residential MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Tricon Residential Stock (TSE:TCN)

TCN Stock Price History

TCN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TCN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™