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Tricon Residential (TCN)
NYSE:TCN
Tricon Residential (TCN) Stock Price & Analysis
71 Followers
TCN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$6.48 - $11.20
Previous Close$11.06
Volume83.34K
Average Volume (3M)7.04M
Market Cap
$3.02B
Enterprise Value$8.63B
Total Cash (Recent Filing)$170.74M
Total Debt (Recent Filing)$5.78B
Price to Earnings (P/E)26.5
Beta1.37
Next Earnings
May 07, 2024EPS Estimate
$0.15Last Dividend Ex-Date
Dec 28, 2023Dividend Yield2.05%
Share Statistics
EPS (TTM)0.42
Shares Outstanding293,946,205
10 Day Avg. Volume10,937,885
30 Day Avg. Volume7,036,652
Standard Deviation0.10
R-Squared0.55
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)0.86
Price to Sales (P/S)4.09
Price to Cash Flow (P/CF)674.20
P/FCF Ratio7.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue10.59
Enterprise Value/Gross Profit10.86
Enterprise Value/Ebitda18.90
Forecast
1Y Price Target
$11.14Price Target Upside0.66% Upside
Rating ConsensusHold
Number of Analyst Covering6
Tricon Residential News
PremiumCompany Announcements
Tricon Residential Agrees to Share Acquisition Deal
PremiumCompany Announcements
Tricon Residential Set for Blackstone Acquisition
PremiumCompany Announcements
Tricon Residential Set for Blackstone TakeoverPremiumCompany Announcements
Tricon Residential Nears Acquisition by Blackstone
PremiumCompany Announcements
Tricon Residential Shareholders Greenlight Blackstone Buyout
PremiumCompany Announcements
Tricon Residential’s Commitment to SustainabilityBulls Say, Bears Say
Bulls Say
Acquisition OfferBlackstone's proposed acquisition of Tricon at US$11.25 per share presents an attractive outcome for shareholders.
Board ApprovalThe offer has unanimous support of the Board of Directors; arrangement to be voted on at upcoming Special Meeting.
Shareholder ValueThe offer price represents a 30% premium to the January 18th closing price and a 42% premium to the 90-day VWAP.
Bears Say
AcquisitionWhile competing bids could emerge, they are expected to be unlikely.
Stock PerformanceTricon's stock performance has been underwhelming, trading towards the lower end of its historical valuation range.
Strategic InitiativesTricon's pursuit of value-add initiatives may require several years to fully realize their potential value.
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Ownership Overview
23.40% Insiders
15.69% Mutual Funds
6.87% Other Institutional Investors
54.04% Public Companies and
Individual Investors
TCN FAQ
What was Tricon Residential’s price range in the past 12 months?
Tricon Residential lowest stock price was $6.48 and its highest was $11.20 in the past 12 months.
What is Tricon Residential’s market cap?
Currently, no data Available
When is Tricon Residential’s upcoming earnings report date?
Tricon Residential’s upcoming earnings report date is May 07, 2024 which is in 17 days.
How were Tricon Residential’s earnings last quarter?
Tricon Residential released its earnings results on Feb 27, 2024. The company reported -$0.14 earnings per share for the quarter, missing the consensus estimate of $0.145 by -$0.285.
Is Tricon Residential overvalued?
According to Wall Street analysts Tricon Residential’s price is currently Undervalued.
Does Tricon Residential pay dividends?
Tricon Residential pays a Quarterly dividend of $0.06 which represents an annual dividend yield of 2.05%. See more information on Tricon Residential dividends here
What is Tricon Residential’s EPS estimate?
Tricon Residential’s EPS estimate is $0.15.
How many shares outstanding does Tricon Residential have?
Tricon Residential has 273,550,960 shares outstanding.
What happened to Tricon Residential’s price movement after its last earnings report?
Tricon Residential reported an EPS of -$0.14 in its last earnings report, missing expectations of $0.145. Following the earnings report the stock price went same 0%.
Which hedge fund is a major shareholder of Tricon Residential?
Currently, no hedge funds are holding shares in TCN
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Tricon Residential Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$11.14 (0.66% Upside)
$11.14 (0.66% Upside)
Blogger Sentiment
Bullish
TCN Sentiment 100%
Sector Average 70%
Sector Average 70%
Insider Transactions
Sold Shares
Worth C$14.6M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
43.16%
12-Months-Change
Fundamentals
Return on Equity
2.99%
Trailing 12-Months
Asset Growth
3.55%
Trailing 12-Months
Company Description
Tricon Residential
Tricon Residential Inc is a rental housing company focused on serving the middle-market demographic. The company operates under five reportable segments: Tricon American Homes, Tricon Lifestyle Rentals U.S., Tricon Lifestyle Rentals Canada, Tricon Housing Partners, and Private Funds and Advisory. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in around 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.
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TCN Stock 12 Months Forecast
Average Price Target
$11.14
▲(0.66% Upside)
Technical Analysis
Tricon Residential
―
Canadian Apartment
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Morguard Real Estate ate
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European Commercial Real Estate Ltd
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Best Analysts Covering TCN
1 Year
1 Year Success Rate
22/27 ratings generated profit
1 Year Average Return
+32.21%
reiterated a buy rating 5 months ago
Copying Mario Saric's trades and holding each position for 1 Year would result in 81.48% of your transactions generating a profit, with an average return of +32.21% per trade.
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