Tricon Residential (TSE:TCN) Reaches New 12-Month High at $15.14

Tricon Residential Inc. (TSE:TCNGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$15.14 and last traded at C$15.13, with a volume of 144804 shares trading hands. The stock had previously closed at C$15.10.

Analysts Set New Price Targets

TCN has been the topic of several research reports. BMO Capital Markets downgraded Tricon Residential from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$12.50 to C$15.15 in a research report on Monday, January 22nd. National Bankshares cut Tricon Residential from a “sector perform” rating to a “tender” rating and boosted their price target for the company from C$11.00 to C$15.17 in a research note on Monday, February 5th.

View Our Latest Report on Tricon Residential

Tricon Residential Price Performance

The firm has a 50 day simple moving average of C$14.49 and a two-hundred day simple moving average of C$12.02. The company has a quick ratio of 0.32, a current ratio of 0.49 and a debt-to-equity ratio of 157.17. The stock has a market capitalization of C$4.12 billion, a P/E ratio of 27.45 and a beta of 1.47.

Tricon Residential Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, December 28th. This is a boost from Tricon Residential’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 2.12%. Tricon Residential’s dividend payout ratio is presently 56.36%.

About Tricon Residential

(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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