NYSE:TCN Tricon Residential (TCN) Stock Price, News & Analysis → The only AI company you should be looking at (From Behind the Markets) (Ad) Free TCN Stock Alerts $11.14 +0.01 (+0.09%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$11.14▼$11.1650-Day Range$8.63▼$11.1752-Week Range$6.53▼$11.17Volume1.36 million shsAverage Volume6.54 million shsMarket Capitalization$3.05 billionP/E Ratio38.43Dividend Yield2.06%Price Target$10.31 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOwnershipSEC FilingsShort InterestSocial Media Get Tricon Residential alerts: Email Address Tricon Residential MarketRank™ Stock AnalysisAnalyst RatingHold2.22 Rating ScoreUpside/Downside7.5% Downside$10.31 Price TargetShort InterestHealthy1.17% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.26Based on 2 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.2.75 out of 5 starsFinance Sector514th out of 882 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 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.31, Tricon Residential has a forecasted downside of 7.5% from its current price of $11.15.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 Shorted1.17% 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 0.5, 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 3.32%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldTricon Residential pays a meaningful dividend of 2.08%, 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 1.8 News and Social Media Coverage News SentimentTricon Residential has a news sentiment score of 0.26. 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 lower news sentiment than the 0.62 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Tricon Residential this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for TCN on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat Follows5 people have added Tricon Residential to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 0.8 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 Institutions55.83% 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 38.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Tricon Residential is 38.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.83.Price to Book Value per Share RatioTricon Residential has a P/B Ratio of 0.79. 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 Porter & CompanyThe world’s greatest investmentI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.Click here now to sign up About Tricon Residential Stock (NYSE:TCN)Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in 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 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 HeadlinesMarch 18, 2024 | businesswire.comIndependent Proxy Advisory Firms ISS and Glass Lewis Recommend Tricon Shareholders Vote FOR the Arrangement Resolution Approving Transaction with Blackstone Real EstateMarch 13, 2024 | americanbankingnews.comTricon Residential (NYSE:TCN) Sets New 12-Month High at $11.20March 19, 2024 | Banyan Hill Publishing (Ad)AI Cracks Open Largest Untapped Energy Reserve on EarthThis orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… March 12, 2024 | americanbankingnews.comTricon Residential Inc. (NYSE:TCN) Receives Consensus Rating of "Hold" from BrokeragesFebruary 27, 2024 | businesswire.comTricon Reports Strong Q4 2023 ResultsFebruary 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%March 19, 2024 | Prosper Trading Academy (Ad)Did you make $29,000 two days with AI options trades?What if it was possible to find options trades on autopilot… Using A.I. to find the ones with the highest profit potential… And nearly perfect win rates… You can grab your free copy of my "Ultimate Guide to A.I. Options Trading" by clicking the link below: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 ResidentialDecember 22, 2023 | finance.yahoo.comPresident of Tricon Residential Gary Berman Buys 2.6% More SharesDecember 16, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Buy Rating for Tricon Residential (TCN)November 20, 2023 | finance.yahoo.comHouses Too Expensive to Buy Underpin Lofty RentsSee 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 Earnings11/09/2021Ex-Dividend for 1/15 Dividend12/28/2023Dividend Payable1/15/2024Today3/18/2024Next 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$10.31 High Stock Price Target$11.25 Low Stock Price Target$9.00 Potential Upside/Downside-7.5%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$0.29 Trailing P/E Ratio38.43 Forward P/E Ratio18.58 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 / Sales3.59 Cash Flow$0.45 per share Price / Cash Flow24.98 Book Value$14.15 per share Price / Book0.79Miscellaneous Outstanding Shares273,551,000Free Float265,344,000Market Cap$3.05 billion OptionableNot Optionable Beta1.44 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 JoynerManaging Director of InvestmentsMr. Andrew CarmodyMD of Investments & Head of SustainabilityMore ExecutivesKey CompetitorsUnited Community BanksNASDAQ:UCBINational Storage Affiliates TrustNYSE:NSAVirtu FinancialNASDAQ:VIRTDigitalBridge GroupNYSE:DBRGWalker & DunlopNYSE:WDView All CompetitorsInstitutional OwnershipVanguard 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%Citadel Advisors LLCBought 14,700 shares on 2/15/2024Ownership: 0.000%View All Institutional Transactions TCN Stock Analysis - Frequently Asked Questions Should I buy or sell Tricon Residential stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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? 9 analysts have issued twelve-month target prices 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 $10.31 in the next twelve months. This suggests that the stock has a possible downside of 7.5%. 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 beginning of the year. Since then, TCN stock has increased by 22.5% and is now trading at $11.1450. View the best growth stocks for 2024 here. Are investors shorting Tricon Residential? Tricon Residential saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 2,710,000 shares, an increase of 23.7% from the January 31st total of 2,190,000 shares. Based on an average daily trading volume, of 5,460,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.1% of the shares of the company are short sold. View Tricon Residential's Short Interest. 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) posted its quarterly earnings results on Tuesday, November, 9th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.78. The firm earned $113.98 million during the quarter. 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. Investors 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 yield of 2.08%. 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 2.08%. 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 ETF holds Tricon Residential's stock? iShares Gold Strategy ETF holds 430,000 shares of TCN stock, representing 0.94% of its portfolio. Who are Tricon Residential's major shareholders? Tricon Residential's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Royal Bank of Canada (5.12%), 1832 Asset Management L.P. (4.77%), Vanguard Group Inc. (4.20%), Vanguard Group Inc. (4.19%), Centersquare Investment Management LLC (3.33%) and Land & Buildings Investment Management LLC (2.12%). 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressAltcoin FRENZY Alert…Crypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportThe world’s greatest investmentPorter & CompanyMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy 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. 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