NYSE:TCN Tricon Residential (TCN) Stock Price, News & Analysis → Could Bitcoin Literally FORCE This Crypto To Rocket Up? (From Paradigm Press) (Ad) Free TCN Stock Alerts $10.99 +0.04 (+0.37%) (As of 04/17/2024 ET) Add Compare Share Share Today's Range$10.97▼$11.0350-Day Range$10.95▼$11.1952-Week Range$6.53▼$11.19Volume7.63 million shsAverage Volume7.79 million shsMarket Capitalization$3.26 billionP/E Ratio37.90Dividend Yield2.09%Price Target$10.47 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Get Tricon Residential alerts: Email Address Tricon Residential MarketRank™ Stock AnalysisAnalyst RatingHold2.13 Rating ScoreUpside/Downside4.7% Downside$10.47 Price TargetShort InterestHealthy1.18% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.70Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth13.33%From $0.60 to $0.68 Per ShareSee Full Details Hide Full Details 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.3.06 out of 5 starsFinance Sector495th out of 838 stocksReal Estate Operators (Except Developers) & Lessors Industry2nd out of 3 stocks 2.1 Analyst's Opinion Consensus RatingTricon 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 CoverageTricon Residential has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.18% of the float of Tricon Residential has been sold short.Short Interest Ratio / Days to CoverTricon 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 monthShort interest in Tricon Residential has recently increased by 10.55%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 2.12%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTricon Residential does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Tricon Residential is 79.31%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCN. Previous Next 2.6 News and Social Media Coverage News SentimentTricon Residential has a news sentiment score of 0.70. 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 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Tricon Residential this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 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. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tricon Residential insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.00% of the stock of Tricon Residential is held by insiders.Percentage Held by Institutions62.28% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Tricon Residential is 37.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.12.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 37.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.60.Price to Book Value per Share RatioTricon 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressCould Bitcoin Literally FORCE This Crypto To Rocket Up?Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…>>Click here to find out what it is. 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.Read More TCN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCN Stock News HeadlinesApril 15, 2024 | finance.yahoo.comTCN Apr 2024 7.500 putApril 14, 2024 | americanbankingnews.comTricon Residential (NYSE:TCN) Sees Strong Trading VolumeApril 18, 2024 | Paradigm Press (Ad)Could Bitcoin Literally FORCE This Crypto To Rocket Up?Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…April 5, 2024 | businesswire.comTricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real EstateMarch 28, 2024 | businesswire.comTricon Shareholders Approve Proposed Take Private by Blackstone Real EstateMarch 26, 2024 | finance.yahoo.comTricon Residential Releases 2023 Annual Sustainability ReportMarch 18, 2024 | businesswire.comIndependent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real EstateFebruary 27, 2024 | businesswire.comTricon Reports Strong Q4 2023 ResultsApril 18, 2024 | Paradigm Press (Ad)Could Bitcoin Literally FORCE This Crypto To Rocket Up?Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…February 27, 2024 | businesswire.comTRICON 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. - TCNFebruary 25, 2024 | msn.comTricon Residential (TCN) Price Target Increased by 7.59% to 9.38February 17, 2024 | finance.yahoo.comThose who invested in Tricon Residential (TSE:TCN) five years ago are up 58%February 16, 2024 | finance.yahoo.comTricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special MeetingFebruary 16, 2024 | businesswire.comTricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special MeetingFebruary 15, 2024 | finance.yahoo.comCBRE Group (CBRE) Q4 Earnings and Revenues Beat EstimatesJanuary 22, 2024 | finance.yahoo.comTricon Residential Inc. (TCN) Soars 28.3%: Is Further Upside Left in the Stock?January 19, 2024 | finance.yahoo.comWall Street’s landlord phase is back on, as Blackstone’s $3.8 billion acquisition of Tricon rouses a slumbering institutional investing sectorJanuary 19, 2024 | money.usnews.comBlackstone to Take Tricon Residential Private in $3.5 Billion DealJanuary 19, 2024 | ca.finance.yahoo.comBlackstone to take Tricon Residential private in US$3.5 billion dealJanuary 19, 2024 | finance.yahoo.comCanadian Investment Regulatory Organization Trading Halt - TCNJanuary 19, 2024 | finance.yahoo.comCanadian Investment Regulatory Organization Trade Resumption - TCNJanuary 19, 2024 | theglobeandmail.comBlackstone to take Canada’s Tricon Residential private in $3.5-billion dealJanuary 19, 2024 | msn.comBlackstone unit to acquire Tricon Residential for ~$3.5BJanuary 19, 2024 | theglobeandmail.comBlackstone bids US$3.5-billion to take over rental property owner Tricon ResidentialJanuary 19, 2024 | markets.businessinsider.comTricon Residential To Be Acquired By Blackstone For $3.5 Bln; Stock UpJanuary 19, 2024 | finance.yahoo.comBlackstone to take Tricon Residential private for $3.5 billionDecember 28, 2023 | nasdaq.comEx-Dividend Reminder: Apollo Commercial Real Estate Finance, Four Corners Property Trust and Tricon ResidentialSee 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. Email Address Company Calendar Last Earnings2/27/2024Today4/18/2024Next Earnings (Estimated)5/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate operators (except developers) & lessors Sub-IndustryN/A Current SymbolNYSE:TCN CUSIPN/A CIK1584425 Webwww.triconresidential.com Phone(416) 925-7228FaxN/AEmployees978Year FoundedN/APrice Target and Rating Average Stock Price Target$10.47 High Stock Price Target$11.25 Low Stock Price Target$9.00 Potential Upside/Downside-4.7%Consensus RatingHold Rating Score (0-4)2.13 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.29 Trailing P/E Ratio37.90 Forward P/E Ratio18.32 P/E GrowthN/ANet Income$114.19 million Net Margins19.97% Pretax Margin18.86% Return on Equity3.12% Return on Assets0.93% Debt Debt-to-Equity Ratio1.41 Current Ratio0.49 Quick Ratio0.49 Sales & Book Value Annual Sales$849.78 million Price / Sales3.84 Cash Flow$0.44 per share Price / Cash Flow24.71 Book Value$14.15 per share Price / Book0.78Miscellaneous Outstanding Shares296,792,000Free FloatN/AMarket Cap$3.26 billion OptionableNot Optionable Beta1.43 Ten Starter Stocks For Beginners to Buy NowJust 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 ExecutivesMr. 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 CPAExecutive VP & CFOMr. Kevin BaldridgeExecutive VP & COOMr. Jonathan EllenzweigExecutive VP & Chief Investment OfficerMr. David VenezianoExecutive VP, Chief Legal Officer, Corporate Secretary & Chief Compliance OfficerMs. Sherrie SuskiExecutive VP & Chief People OfficerMr. Andrew JoynerMD & Head of Multi-Family InvestmentsMr. Andrew CarmodySenior MD of Investments & Chief Sustainability OfficerMore ExecutivesKey CompetitorsAssociated BancNYSE:ASBHoward HughesNYSE:HHHEPR PropertiesNYSE:EPRBrighthouse FinancialNASDAQ:BHFFederated HermesNYSE:FHIView All CompetitorsInstitutional OwnershipSyquant Capital SasBought 3,873,297 shares on 4/9/2024Ownership: 1.416%Vanguard Group Inc.Sold 61,922 shares on 3/11/2024Ownership: 4.193%Wellington Management Group LLPBought 981,023 shares on 3/5/2024Ownership: 1.839%Abel Hall LLCBought 10,000 shares on 2/28/2024Ownership: 0.004%Legal & General Group PlcSold 9,025 shares on 2/15/2024Ownership: 0.486%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 year. 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 brokerages have issued 1-year price targets for Tricon Residential's stock. Their TCN share price targets range from $9.00 to $11.25. On average, they anticipate the company's share price to reach $10.47 in the next year. This suggests that the stock has a possible downside of 4.7%. 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 shares have increased by 20.8% and is now trading at $10.99. 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 quarterly 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 analysts' expectations 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 announced a quarterly dividend on Tuesday, November 7th. Stockholders 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 annualized dividend 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 2.12%. 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), AltShares Merger Arbitrage ETF (ARB) and AltShares Event-Driven ET (EVNT).iShares Gold Strategy ETF (IAUF). Who are Tricon Residential's major shareholders? Tricon Residential's stock is owned by a variety of institutional and retail 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 4/18/2024 by MarketBeat.com Staff From Our PartnersHe Is Giving Away BitcoinCrypto Swap Profits[Urgent!] Generational Wealth GameplanCrypto 101 MediaThe “Perfect Storm” for GoldGold Safe ExchangeTop 5 AI Stocks to Buy for 2024Market Moving TrendsTop 5 Tech Stocks to Buy for 2024Daily Market AlertsBiden out June 13; Kamala won’t replace him?Paradigm PressYour Money is Not SafeAmerican AlternativeUrgent alert: open this for a huge profit potentialTimothy Sykes Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tricon Residential Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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