Tricon Residential (TCN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: C$15.34 to C$15.57
• 50-Day Range: C$15.08 to C$15.46
• 52-Week Range: C$9.03 to C$15.57
• Volume: 177,017 shs
• Average Volume: 871,925 shs
• Market Capitalization: C$4.18 billion
• P/E Ratio: 27.39
• Dividend Yield: 2.02%
• Price Target: C$15.16
• Consensus Rating: Hold

Tricon Residential Stock Analysis - MarketRank™

Tricon Residential scored higher than 11% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

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

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Tricon Residential is 27.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.10.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tricon Residential is 27.39, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 266.52.

Price to Book Value per Share Ratio

Tricon Residential has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TCN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Tricon Residential pays a meaningful dividend of 2.02%, 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 55.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TCN.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 2 people have searched for TCN on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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 3.12% of the stock of Tricon Residential is held by insiders.

Percentage Held by Institutions

75.46% of the stock of Tricon Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TCN Stock Analysis - Frequently Asked Questions

How have TCN shares performed this year?

Tricon Residential's stock was trading at C$12.06 on January 1st, 2024. Since then, TCN stock has increased by 27.2% and is now trading at C$15.34.
View the best growth stocks for 2024 here.

How do I buy shares of Tricon Residential?

Shares of TCN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Tricon Residential own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tricon Residential investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Wheaton Precious Metals (WPM) and Vermilion Energy (VET).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: Real Estate Services
• Sub-Industry: Real Estate
• Current Symbol: TSE:TCN
• CUSIP: N/A
• CIK: N/A
• Web: www.triconcapital.com
• Phone: +1-416-9257228
• Fax: N/A
• Employees: 1,010
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$15.16
• High Stock Price Target: C$15.17
• Low Stock Price Target: C$15.15
• Potential Upside/Downside: -1.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.56
• Trailing P/E Ratio: 27.39
• Forward P/E Ratio: 14.50
• P/E Growth: N/A
• Net Income: C$114.19 million
• Net Margins: 12.91%
• Pretax Margin: N/A
• Return on Equity: 3.18%
• Return on Assets: 2.08%

Debt

• Debt-to-Equity Ratio: 157.17
• Current Ratio: 0.49
• Quick Ratio: 0.32

Sales & Book Value

• Annual Sales: C$884.73 million
• Price / Sales: 4.73
• Cash Flow: C$0.75 per share
• Price / Cash Flow: 20.33
• Book Value: C$14.17 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 272,640,000
• Free Float: N/A
• Market Cap: C$4.18 billion
• Optionable: Not Optionable
• Beta: 1.47