Should I buy or sell Tricon Residential stock right now?

8 Wall Street 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 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 analysts have issued 1-year price targets for Tricon Residential's shares. Their TCN share price targets range from $9.00 to $11.25. On average, they expect the company's share price to reach $10.47 in the next year. This suggests that the stock has a possible downside of 5.3%. 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 on January 1st, 2024. Since then, TCN shares have increased by 21.5% and is now trading at $11.0550. 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) released its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.28. The firm had revenue of $226.41 million for 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 declared a quarterly dividend on Tuesday, November 7th. Investors of record on Sunday, December 31st will be paid a dividend of $0.058 per share on Monday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend 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 2.11%. 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 34.85% 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 many different institutional and retail investors. Top institutional shareholders 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 .

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NYSE:TCN

Tricon Residential (TCN) Stock Price, News & Analysis

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$11.07

+0.01 (+0.09%)

(As of 09:33 AM ET)

Compare

Today's Range: $11.07
▼
$11.08
50-Day Range: $10.95
▼
$11.19
52-Week Range: $6.53
▼
$11.19

Volume: 12,158 shs
Average Volume: 7.19 million shs
Market Capitalization: $3.29 billion

P/E Ratio: 38.17
Dividend Yield: 2.08%
Price Target: $10.47

Get Tricon Residential alerts:

Tricon Residential MarketRank™ Stock Analysis

Analyst Rating: Hold
2.13 Rating Score
Upside/Downside: 5.3% 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: 0.70
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.20%
From $0.61 to $0.66 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.

3.07 out of 5 stars

Finance Sector

501st out of 842 stocks

Real Estate Operators (Except Developers) & Lessors Industry

2nd 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 2.11%, 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 34.85% 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.

2.6

News and Social Media Coverage

News Sentiment
Tricon 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 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 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 Insiders
Only 3.00% of the stock of Tricon Residential is held by insiders.
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 8.20% in the coming year, from $0.61 to $0.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Tricon Residential is 38.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tricon Residential is 38.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.31.
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.

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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 19, 2024 | InvestorPlace (Ad)

New crypto project uncovers 2,050% in 65 days

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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

February 27, 2024 | businesswire.com

Tricon Reports Strong Q4 2023 Results

April 19, 2024 | InvestorPlace (Ad)

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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

December 28, 2023 | nasdaq.com

Ex-Dividend Reminder: Apollo Commercial Real Estate Finance, Four Corners Property Trust and Tricon Residential

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/19/2024
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: -5.3%
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: 38.12
Forward P/E Ratio: 18.12
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: 3.86
Cash Flow: $0.45 per share
Price / Cash Flow: 24.66
Book Value: $14.15 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 296,790,000
Free Float: 287,888,000
Market Cap: $3.28 billion
Optionable: Not Optionable
Beta: 1.43

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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

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 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 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 analysts have issued 1-year price targets for Tricon Residential's shares. Their TCN share price targets range from $9.00 to $11.25. On average, they expect the company's share price to reach $10.47 in the next year. This suggests that the stock has a possible downside of 5.3%.
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 on January 1st, 2024. Since then, TCN shares have increased by 21.5% and is now trading at $11.0550.
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) released its quarterly earnings results on Tuesday, February, 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.28. The firm had revenue of $226.41 million for 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 declared a quarterly dividend on Tuesday, November 7th. Investors of record on Sunday, December 31st will be paid a dividend of $0.058 per share on Monday, January 15th. This represents a $0.23 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend 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 2.11%. 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 34.85% 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 many different institutional and retail investors. Top institutional shareholders 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 4/19/2024 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

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^™