Analysts Set Tricon Residential Inc. (TSE:TCN) Target Price at C$12.79

Posted by on Aug 14th, 2023

Tricon Residential Inc. (TSE:TCN – Get Free Report) has been given an average rating of “Moderate Buy” by the five analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$12.79.

Several research firms recently commented on TCN. National Bank Financial cut Tricon Residential from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, August 9th. BMO Capital Markets raised their price objective on Tricon Residential from C$13.00 to C$13.50 in a research note on Thursday, May 11th.

Read Our Latest Stock Analysis on TCN

Tricon Residential Trading Up 1.5 %

TSE TCN opened at C$11.74 on Friday. The business has a 50 day simple moving average of C$11.79 and a 200 day simple moving average of C$11.26. Tricon Residential has a one year low of C$9.83 and a one year high of C$15.70. The stock has a market capitalization of C$3.20 billion, a P/E ratio of 5.84 and a beta of 1.29. The company has a debt-to-equity ratio of 157.96, a current ratio of 0.18 and a quick ratio of 0.32.

Tricon Residential Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Saturday, September 30th will be paid a $0.077 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.31 annualized dividend and a dividend yield of 2.62%. Tricon Residential’s payout ratio is presently 15.42%.

Tricon Residential Company Profile

(Get Free Report

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.

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Analyst Recommendations for Tricon Residential (TSE:TCN)

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