Tricon Residential (TSE:TCN)‘s stock had its “outperform” rating reissued by National Bank Financial in a research note issued on Wednesday, Stock Target Advisor reports. They presently have a C$14.50 price target on the stock. National Bank Financial’s price target would indicate a potential upside of 9.35% from the company’s previous close. National Bank Financial also issued estimates for Tricon Residential’s FY2021 earnings at $0.51 EPS.
TCN has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Tricon Residential from C$15.00 to C$15.50 and gave the company an “outperform” rating in a report on Wednesday. CIBC boosted their price objective on shares of Tricon Residential from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report on Wednesday. TD Securities lifted their price target on shares of Tricon Residential from C$14.50 to C$15.50 and gave the company a “buy” rating in a research note on Tuesday. Scotiabank lifted their price target on shares of Tricon Residential from C$15.00 to C$15.25 in a research note on Monday, May 17th. Finally, Royal Bank of Canada lifted their price target on shares of Tricon Residential from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$15.32.
Shares of TSE TCN opened at C$13.26 on Wednesday. The firm has a market capitalization of C$2.78 billion and a PE ratio of 16.70. The firm’s 50 day moving average price is C$13.10. The company has a debt-to-equity ratio of 219.79, a quick ratio of 1.21 and a current ratio of 1.28. Tricon Residential has a 52-week low of C$8.42 and a 52-week high of C$13.73.
In other news, Director Geoffrey Matus sold 4,911 shares of the business’s stock in a transaction on Thursday, May 27th. The shares were sold at an average price of C$13.00, for a total value of C$63,843.00. Following the sale, the director now owns 325,783 shares of the company’s stock, valued at C$4,235,179. In the last three months, insiders sold 197,233 shares of company stock worth $2,564,029.
Tricon Residential Company Profile
Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.
Featured Article: What is the S&P/ASX 200 Index?
Receive News & Ratings for Tricon Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tricon Residential and related companies with MarketBeat.com's FREE daily email newsletter.