Tricon Residential Inc. to Post Q1 2022 Earnings of $0.19 Per Share, National Bank Financial Forecasts (TSE:TCN)

Tricon Residential Inc. (TSE:TCNGet Rating) – Stock analysts at National Bank Financial issued their Q1 2022 earnings per share (EPS) estimates for shares of Tricon Residential in a research report issued to clients and investors on Tuesday, April 26th. National Bank Financial analyst T. Woolley expects that the company will post earnings of $0.19 per share for the quarter.

Several other research firms have also recently commented on TCN. Raymond James began coverage on Tricon Residential in a research report on Monday, March 28th. They set a “buy” rating and a C$18.50 price objective on the stock. CIBC increased their target price on Tricon Residential from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Friday, March 4th. BMO Capital Markets increased their target price on Tricon Residential from C$22.50 to C$23.00 in a report on Thursday, April 14th. Finally, TD Securities downgraded Tricon Residential to a “hold” rating and set a C$18.00 target price on the stock. in a report on Thursday, March 31st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$18.44.

TSE TCN opened at C$19.26 on Friday. Tricon Residential has a 12 month low of C$12.63 and a 12 month high of C$21.58. The stock has a market cap of C$5.24 billion and a P/E ratio of 7.49. The stock’s fifty day moving average price is C$19.63 and its 200-day moving average price is C$18.79. The company has a current ratio of 0.58, a quick ratio of 0.51 and a debt-to-equity ratio of 137.36.

Tricon Residential (TSE:TCNGet Rating) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported C$0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.43. The firm had revenue of C$155.54 million during the quarter.

In related news, Director John Michael Arthur Knowlton sold 14,757 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of C$15.61, for a total transaction of C$230,299.22. Following the completion of the sale, the director now owns 14,000 shares in the company, valued at C$218,485.40.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.074 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.54%. This is a boost from Tricon Residential’s previous quarterly dividend of $0.07. Tricon Residential’s dividend payout ratio (DPR) is currently 8.74%.

About Tricon Residential (Get Rating)

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.

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Earnings History and Estimates for Tricon Residential (TSE:TCN)

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