Should I buy or sell Tricon Residential stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 7 hold ratings and 1 buy rating 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?

8 Wall Street research analysts have issued 12 month price targets for Tricon Residential's stock. Their TCN share price targets range from $9.00 to $11.25. On average, they predict the company's share price to reach $10.47 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. 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 $9.10 at the start of the year. Since then, TCN stock has increased by 21.0% and is now trading at $11.01. 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. (NYSE:TCN) issued its earnings results on Tuesday, February, 27th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.28. The company earned $226.41 million during the quarter, compared to analyst estimates of $130.17 million. Tricon Residential had a net margin of 19.97% and a trailing twelve-month return on equity of 3.12%.

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

Tricon Residential declared a quarterly dividend on Tuesday, November 7th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.058 per share on Monday, January 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, December 28th. Read our dividend analysis for TCN .

Is Tricon Residential a good dividend stock?

Tricon Residential (NYSE:TCN) pays an annual dividend of $0.23 per share and currently has a dividend yield of 2.10%. The dividend payout ratio is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TCN will have a dividend payout ratio of 33.82% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TCN .

What ETFs hold Tricon Residential's stock?

ETFs with the largest weight of Tricon Residential (NYSE:TCN) stock in their portfolio include Residential REIT ETF (HAUS) and AltShares Event-Driven ETF (EVNT) . iShares Gold Strategy ETF (IAUF) .

Who are Tricon Residential's major shareholders?

Tricon Residential's stock is owned by a variety of retail and institutional investors. Top institutional investors include Syquant Capital Sas (1.42%).

How do I buy shares of Tricon Residential?

Shares of TCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Lowest-Rated StocksLowest-Rated

NYSE:TCN

Tricon Residential (TCN) Stock Price, News & Analysis

→ Elon Musk’s ChatGPT Could Soon Mint New Millionaires (From InvestorPlace) (Ad)

Free TCN Stock Alerts

$11.01

-0.03 (-0.27%)

(As of 04/15/2024 ET)

Compare

Today's Range: $10.88
▼
$11.11
50-Day Range: $11.01
▼
$11.19
52-Week Range: $6.53
▼
$11.19

Volume: 16.56 million shs
Average Volume: 7.82 million shs
Market Capitalization: $3.01 billion

P/E Ratio: 37.97
Dividend Yield: 2.09%
Price Target: $10.47

Get Tricon Residential alerts:

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 4.9% Downside
$10.47 Price Target
Short Interest: Healthy
1.18% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.74
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 13.33%
From $0.60 to $0.68 Per Share

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.

2.94 out of 5 stars

Finance Sector

547th out of 879 stocks

Real Estate Operators (Except Developers) & Lessors Industry

3rd out of 3 stocks

2.1

Analyst's Opinion

Consensus Rating
Tricon Residential has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Tricon Residential has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.18% of the float of Tricon Residential has been sold short.
Short Interest Ratio / Days to Cover
Tricon Residential has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Tricon Residential has recently increased by 10.55%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Tricon Residential pays a meaningful dividend of 2.10%, 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 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Tricon Residential will have a dividend payout ratio of 33.82% next year. This indicates that Tricon Residential will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

2.1

News and Social Media Coverage

News Sentiment
Tricon Residential has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Tricon Residential this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 2 people have added Tricon Residential to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tricon Residential insiders have not sold or bought any company stock.
Percentage Held by Institutions
62.28% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Tricon Residential are expected to grow by 13.33% in the coming year, from $0.60 to $0.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tricon Residential is 37.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tricon Residential is 37.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.49.
Price to Book Value per Share Ratio
Tricon Residential has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad InvestorPlace

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

And you could go along for the ride if you make this one simple move.

About Tricon Residential Stock (NYSE: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

April 15, 2024 | finance.yahoo.com

TCN Apr 2024 7.500 put

April 14, 2024 | americanbankingnews.com

Tricon Residential (NYSE:TCN) Sees Strong Trading Volume

April 16, 2024 | InvestorPlace (Ad)

A.I. “Perfect Storm” Could Send THESE Stocks Sky High

A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.

April 6, 2024 | americanbankingnews.com

Tricon Residential Inc. (NYSE:TCN) Given Consensus Recommendation of "Hold" by Brokerages

April 5, 2024 | businesswire.com

Tricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real Estate

March 28, 2024 | businesswire.com

Tricon Shareholders Approve Proposed Take Private by Blackstone Real Estate

March 26, 2024 | finance.yahoo.com

Tricon Residential Releases 2023 Annual Sustainability Report

March 18, 2024 | businesswire.com

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real Estate

April 16, 2024 | InvestorPlace (Ad)

A.I. “Perfect Storm” Could Send THESE Stocks Sky High

A little-known investment analyst whose performance beat out 15,000+ other experts in 2020 has identified an opportunity in the A.I. space. He's calling it A.I.'s perfect storm.

February 27, 2024 | businesswire.com

Tricon Reports Strong Q4 2023 Results

February 27, 2024 | businesswire.com

TRICON RESIDENTIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Tricon Residential Inc. - TCN

February 25, 2024 | msn.com

Tricon Residential (TCN) Price Target Increased by 7.59% to 9.38

February 17, 2024 | finance.yahoo.com

Those who invested in Tricon Residential (TSE:TCN) five years ago are up 58%

February 16, 2024 | finance.yahoo.com

Tricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special Meeting

February 16, 2024 | businesswire.com

Tricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special Meeting

February 15, 2024 | finance.yahoo.com

CBRE Group (CBRE) Q4 Earnings and Revenues Beat Estimates

January 22, 2024 | finance.yahoo.com

Tricon Residential Inc. (TCN) Soars 28.3%: Is Further Upside Left in the Stock?

January 19, 2024 | finance.yahoo.com

Wall Street’s landlord phase is back on, as Blackstone’s $3.8 billion acquisition of Tricon rouses a slumbering institutional investing sector

January 19, 2024 | money.usnews.com

Blackstone to Take Tricon Residential Private in $3.5 Billion Deal

January 19, 2024 | ca.finance.yahoo.com

Blackstone to take Tricon Residential private in US$3.5 billion deal

January 19, 2024 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - TCN

January 19, 2024 | finance.yahoo.com

Canadian Investment Regulatory Organization Trade Resumption - TCN

January 19, 2024 | theglobeandmail.com

Blackstone to take Canada’s Tricon Residential private in $3.5-billion deal

January 19, 2024 | msn.com

Blackstone unit to acquire Tricon Residential for ~$3.5B

January 19, 2024 | theglobeandmail.com

Blackstone bids US$3.5-billion to take over rental property owner Tricon Residential

January 19, 2024 | markets.businessinsider.com

Tricon Residential To Be Acquired By Blackstone For $3.5 Bln; Stock Up

January 19, 2024 | finance.yahoo.com

Blackstone to take Tricon Residential private for $3.5 billion

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.

Company Calendar

Last Earnings: 2/27/2024
Today: 4/15/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate operators (except developers) & lessors
Sub-Industry: N/A
Current Symbol: NYSE:TCN
CUSIP: N/A
CIK: 1584425
Web: www.triconresidential.com
Phone: (416) 925-7228
Fax: N/A
Employees: 978
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.47
High Stock Price Target: $11.25
Low Stock Price Target: $9.00
Potential Upside/Downside: -4.9%
Consensus Rating: Hold
Rating Score (0-4): 2.13
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.29
Trailing P/E Ratio: 37.97
Forward P/E Ratio: 18.35
P/E Growth: N/A
Net Income: $114.19 million
Net Margins: 19.97%
Pretax Margin: 18.86%
Return on Equity: 3.12%
Return on Assets: 0.93%

Debt

Debt-to-Equity Ratio: 1.41
Current Ratio: 0.49
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: $849.78 million
Price / Sales: 3.55
Cash Flow: $0.44 per share
Price / Cash Flow: 24.77
Book Value: $14.15 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 273,700,000
Free Float: N/A
Market Cap: $3.01 billion
Optionable: Not Optionable
Beta: 1.43

Ten Starter Stocks For Beginners to Buy Now

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

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

Institutional Ownership

View All Institutional Transactions

TCN Stock Analysis - Frequently Asked Questions

Should I buy or sell Tricon Residential stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 7 hold ratings and 1 buy rating 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?: 8 Wall Street research analysts have issued 12 month price targets for Tricon Residential's stock. Their TCN share price targets range from $9.00 to $11.25. On average, they predict the company's share price to reach $10.47 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
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 $9.10 at the start of the year. Since then, TCN stock has increased by 21.0% and is now trading at $11.01.
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. (NYSE:TCN) issued its earnings results on Tuesday, February, 27th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.28. The company earned $226.41 million during the quarter, compared to analyst estimates of $130.17 million. Tricon Residential had a net margin of 19.97% and a trailing twelve-month return on equity of 3.12%.
How often does Tricon Residential pay dividends? What is the dividend yield for Tricon Residential?: Tricon Residential declared a quarterly dividend on Tuesday, November 7th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.058 per share on Monday, January 15th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for TCN.

Is Tricon Residential a good dividend stock?: Tricon Residential (NYSE:TCN) pays an annual dividend of $0.23 per share and currently has a dividend yield of 2.10%. The dividend payout ratio is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TCN will have a dividend payout ratio of 33.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TCN.
What ETFs hold Tricon Residential's stock?: ETFs with the largest weight of Tricon Residential (NYSE:TCN) stock in their portfolio include Residential REIT ETF (HAUS) and AltShares Event-Driven ETF (EVNT).iShares Gold Strategy ETF (IAUF).
Who are Tricon Residential's major shareholders?: Tricon Residential's stock is owned by a variety of retail and institutional investors. Top institutional investors include Syquant Capital Sas (1.42%).
How do I buy shares of Tricon Residential?: Shares of TCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TCN) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

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. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Tricon Residential (TCN) Stock Price, News & Analysis

Tricon Residential MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tricon Residential Stock (NYSE: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

Institutional Ownership

TCN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™