Tricon Residential (TSE:TCN) PT Set at C$14.50 by National Bankshares

Tricon Residential (TSE:TCN) has been given a C$14.50 target price by National Bankshares in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 9.35% from the stock’s current price.

TCN has been the subject of several other reports. Royal Bank of Canada increased their target price 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. BMO Capital Markets increased their target price on shares of Tricon Residential from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Wednesday. CIBC upped their price target on shares of Tricon Residential from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities upped 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 report on Tuesday. Finally, National Bank Financial upped their price target on shares of Tricon Residential to C$14.50 and gave the company an “outperform” rating in a research report on Monday, May 17th. Six equities research analysts have rated the stock with a buy rating, Tricon Residential has a consensus rating of “Buy” and an average price target of C$15.32.

TCN stock opened at C$13.26 on Wednesday. Tricon Residential has a 12 month low of C$8.42 and a 12 month high of C$13.73. The firm has a market capitalization of C$2.78 billion and a price-to-earnings ratio of 16.70. The company’s 50 day simple moving average is C$13.10. The company has a current ratio of 1.28, a quick ratio of 1.21 and a debt-to-equity ratio of 219.79.

Tricon Residential (TSE:TCN) last released its earnings results on Wednesday, May 12th. The company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The business had revenue of C$124.71 million for the quarter. Equities analysts forecast that Tricon Residential will post 1.0427502 earnings per share for the current year.

In other Tricon Residential news, Director Geoffrey Matus sold 56,025 shares of the stock in a transaction that occurred on Thursday, June 3rd. The shares were sold at an average price of C$13.00, for a total value of C$728,325.00. In the last quarter, insiders sold 197,233 shares of company stock valued at $2,564,029.

About Tricon Residential

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.

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Analyst Recommendations for Tricon Residential (TSE:TCN)

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