Tricon Residential (TSE:TCN) Share Price Crosses Above 200-Day Moving Average of $12.59

Tricon Residential Inc. (TSE:TCN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.59 and traded as high as C$15.25. Tricon Residential shares last traded at C$15.16, with a volume of 748,603 shares traded.

Analyst Ratings Changes

A number of analysts have recently weighed in on TCN shares. National Bankshares lowered Tricon Residential from a “sector perform” rating to a “tender” rating and upped their price objective for the stock from C$11.00 to C$15.17 in a research report on Monday, February 5th. BMO Capital Markets lowered Tricon Residential from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from C$12.50 to C$15.15 in a research report on Monday, January 22nd.

Tricon Residential Trading Down 0.1 %

The company has a debt-to-equity ratio of 157.17, a current ratio of 0.49 and a quick ratio of 0.32. The business’s 50 day moving average is C$15.06 and its 200 day moving average is C$12.59. The stock has a market cap of C$4.13 billion, a price-to-earnings ratio of 27.07 and a beta of 1.47.

Tricon Residential (TSE:TCN) last issued its earnings results on Tuesday, February 27th. The company reported C($0.18) EPS for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.38). The firm had revenue of C$308.26 million for the quarter, compared to analyst estimates of C$171.82 million. Tricon Residential had a return on equity of 3.18% and a net margin of 12.91%. As a group, equities analysts expect that Tricon Residential Inc. will post 1.0514403 earnings per share for the current fiscal year.

Insider Buying and Selling at Tricon Residential

In other Tricon Residential news, Director Ira Gluskin sold 65,841 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$15.05, for a total value of C$990,979.48. Insiders sold 365,841 shares of company stock worth $5,530,979 over the last 90 days. Corporate insiders own 3.38% of the company’s stock.

Tricon Residential Company Profile

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.