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NYSE:TCN

Tricon Residential (TCN) Stock Price, News & Analysis

Tricon Residential logo

About Tricon Residential Stock (NYSE:TCN)

Key Stats

Today's Range
$11.23
$11.25
50-Day Range
$10.95
$11.25
52-Week Range
$6.53
$11.25
Volume
36.63 million shs
Average Volume
7.95 million shs
Market Capitalization
$3.34 billion
P/E Ratio
38.79
Dividend Yield
2.04%
Price Target
$11.25
Consensus Rating
Hold

Company Overview

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.

Tricon Residential Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
20th Percentile Overall Score

TCN MarketRank™: 

Tricon Residential scored higher than 20% of companies evaluated by MarketBeat, and ranked 881st out of 950 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tricon Residential has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Tricon Residential has received no research coverage in the past 90 days.

  • Read more about Tricon Residential's stock forecast and price target.
  • 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 38.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.49.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tricon Residential is 38.79, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.92.

  • Price to Book Value per Share Ratio

    Tricon Residential has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for TCN.
  • Dividend Yield

    Tricon Residential pays a meaningful dividend of 2.06%, 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.

  • Read more about Tricon Residential's dividend.
  • Short Interest

    There is no current short interest data available for TCN.
  • Search Interest

    Only 1 people have searched for TCN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • 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.

  • Read more about Tricon Residential's insider trading history.
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TCN Stock News Headlines

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TCN Stock Analysis - Frequently Asked Questions

Tricon Residential Inc. (NYSE:TCN) issued its quarterly earnings results on Tuesday, November, 9th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.78. The company had revenue of $113.98 million for the quarter. Tricon Residential had a net margin of 19.97% and a trailing twelve-month return on equity of 3.12%.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tricon Residential investors own include Meta Platforms (META), NVIDIA (NVDA), Arista Networks (ANET), Advanced Micro Devices (AMD), Broadcom (AVGO), Jabil (JBL) and Adobe (ADBE).

Company Calendar

Last Earnings
11/09/2021
Today
12/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate operators (except developers) & lessors
Sub-Industry
N/A
Fax
N/A
Employees
978
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.25
High Stock Price Target
$11.25
Low Stock Price Target
$11.25
Potential Upside/Downside
0.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$114.19 million
Pretax Margin
18.86%

Debt

Sales & Book Value

Annual Sales
$849.78 million
Cash Flow
$0.45 per share
Book Value
$14.15 per share

Miscellaneous

Free Float
287,888,000
Market Cap
$3.34 billion
Optionable
Not Optionable
Beta
1.39
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This page (NYSE:TCN) was last updated on 12/29/2024 by MarketBeat.com Staff
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