Scotiabank Lowers Tricon Residential (TSE:TCN) Price Target to C$10.25

Tricon Residential (TSE:TCN – Get Free Report) had its target price decreased by Scotiabank from C$11.00 to C$10.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 8.70% from the company’s previous close.

Separately, National Bank Financial lowered shares of Tricon Residential from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Wednesday, August 9th.

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Tricon Residential Trading Down 2.1 %

Tricon Residential stock opened at C$9.43 on Wednesday. The company has a debt-to-equity ratio of 159.34, a quick ratio of 0.32 and a current ratio of 0.17. The firm has a market cap of C$2.57 billion, a price-to-earnings ratio of 31.43 and a beta of 1.36. Tricon Residential has a 1 year low of C$9.21 and a 1 year high of C$12.55. The firm’s 50 day moving average price is C$10.73 and its two-hundred day moving average price is C$11.10.

Tricon Residential (TSE:TCN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.03. The firm had revenue of C$166.65 million for the quarter. Tricon Residential had a net margin of 32.51% and a return on equity of 8.05%. On average, research analysts predict that Tricon Residential will post 0.6721536 EPS for the current fiscal year.

Tricon Residential Company Profile

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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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